housing starts

1.2 Million Homeowners Came Out of Negative Equity in 2014

    Today’s News Synopsis: Commercial/Multifamily Mortgage Debt by 1.9% ($48.9 billion) to $2.64 trillion, the fastest growth rate in 8 years.  Home prices in Southern California increased by about 8.4% month-over-month, while home sales decreased by 2.7% month-over-month.  CoreLogic reported 1.2 million homeowners came out negative equity in 2014. In The News: Los Angeles Times …

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Over 1 Million Homeowners Avoid Foreclosure Thanks to Freddie Mac

  Today’s News Synopsis: Freddie Mac reported an increase in mortgage rates for the second week in a row with 30-year rates now at 3.76% and 15-year rates at 3.05%.  Housing affordability increased again in the fourth quarter.  For families earning the median price of $63,900, 62.8% of new and existing homes were affordable to …

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Housing Market off to Rocky Start, Although First Time Homebuying Showing Positive Signs

  Today’s News Synopsis: The housing market overall is off to a rocky start this year despite positive forecasts with decreases in construction, consumer confidence, and mortgage applications.  Despite this, there is an upside in first-time homebuyers who are continually visiting Redfin’s site to check out new properties.  The rate for mortgage delinquencies decreased in …

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Housing Starts Exceed Expectations for Fourth Straight Month

    Today’s News Synopsis: The Mortgage Bankers Association reported an increase in mortgage applications by 14.2%.  Housing starts increased 4.5% month-over-month and exceeded expectations for the fourth straight month.  Demand for multifamily homes is expected to stay strong this year with the increase in demand according to the latest NAHB report. In The News: …

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Multifamily Lending Numbers Sets New Record for 2013 with 18% increase from 2012

Copyright: Image from www.flickr.com/photos/22318392@N04/     Sources: Study: 52 Percent of County Housing Markets ‘Better Off’ Than Two Years Ago Mortgage lending regulation compliance costs up 30% Commercial/Multifamily Mortgage Debt Outstanding Continues to Rise Mortgage Rates Tumble as 30-Year at 16-Month Low of 3.97% Survey Finds Consumer Spending Tight Despite Financial Security Social media giant to …

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Housing Starts Decrease Almost 15% with the Decrease in Multifamily Production

    Today’s News Synopsis: Housing starts decreased by 14.4% last month with the decrease in multifamily production.  Mortgage rates increased again to a 3-month high with 30-year rates now at 4.23% and 15-year rates at 3.37%.  In a recent announcement by the Federal Reserve, tapering will be completed by the end of next month, …

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B of A’s Earnings Down Due to Legal Woes

Today’s News Synopsis: Housing starts increased slightly by 2.8% last month, increasing to 946,000 units from 920,000.  Mortgage applications increased again by 4.3% from last week.  First quarter earnings for Bank of America were low due to an increase in legal expenses. In The News: DS News – “Bank of America Legal Expenses Hurt Q1 Earnings” …

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The Norris Group Real Estate News Roundup 12/18/13

Today’s News Synopsis: The Mortgage Bankers Association reported mortgage applications decreased by 5.5% from last week.  Housing starts on the other hand increased and are now at their highest in five years.  HUD will be putting $14.8 million into assistance for senior living homes. In The News: HUD – “HUD ANNOUNCES NEARLY $14.8 MILLION TO …

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The Norris Group Real Estate News Roundup 8/16/13

Sources: Report: 31% of Metro Areas Post Double-Digit Price Gains in Q2 Confidence in Housing Rises Sharply Among Millennials Rising Home Values Impact Affordability in Second Quarter First-Time Jobless Claims at Pre-Recession Levels Freddie Mac Reaches 20th Year in Multifamily Financing Bubble fears popped as asking prices taper off Mortgage modifications up, foreclosure starts down …

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The Norris Group Real Estate News Roundup 5/16/13

Today’s News Synopsis: NAHB reported housing starts declined 16.5% after builders cut back on the number of multi-family homes constructed.  Mortgage rates increased to their highest level in six weeks with 30-year rates at 3.51% and 15-year rates at 2.69%.  Unemployment claims are now at 360,000, their highest in six weeks. In The News: NAHB …

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