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Nearly 2 Million People STILL Owe More Than Their House Is Worth

Today’s News Synopsis: Why do underwater homeowners keep paying the mortgage?  Mortgage rates increased to their highest this year with 30-year rates now at 4.47% and 15-year rates at 3.94%.  Home prices saw their biggest increase in four years, having increased 8.9%. In The News: Realtor.com – “What’s Holding Back New Home Construction?  There’s No …

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Purge That Pigsty!

Today’s News Synopsis: Does your garage need to be decluttered?  What are 8 real estate practices the industry needs to stop doing?  8 professionals in the field share their thoughts.  With all the talk of where Amazon will have their second headquarters, a bigger topic of discussion now is how this will affect rents in …

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Looks Like Amazon Is About To Dip Its Toes Into Real Estate

Sources: Black Knight’s May Mortgage Monitor: Underwater Borrower Population Below Two Million for First Time Since 2006 Higher interest rates send mortgage applications tanking, down 7.4% Mortgage Rates Jump Again With autonomy, commercial real estate could go mobile CoreLogic Reports Mortgage Performance Continues Steady Improvement in April 2017 Yellen Heads to Congress Wondering Why Job …

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Foreclosures Activity Decreases To Lowest in 12 Years

Today’s News Synopsis: Freddie Mac reported mortgage rates continue to hold steady with 30-year rates at 4.05% and 15-year rates at 3.29%.  ATTOM Data Solutions reported foreclosure activity decreased 7% month-over-month and 23% year-over-year to its lowest in 12 years.  Housing affordability increased slightly in the first quarter with 60.3% of homes being affordable between …

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New Home Sales of Single-Family Homes Increase to Highest in 10 Years

Sources: Equity Gains Fuel Rise in Housing Market Value Why the supply of homes for sale is the lowest since 1999 Cash and Distressed Sales Update: October 2016 Redfin Report: Luxury Home Prices Inched Up 0.7 Percent in Fourth Quarter as the Rest of the Market Showed Substantial Gains Mortgage Rates Rise for First Time …

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Profit and Mortgage Numbers Positive for 4 Large Banks

Sources: Housing Sentiment Dampened by Rising Rates, Depsite Improved Economic Confidence Post-Election 55+ Housing Market Shows Continued Growth CoreLogic Reports 26,000 Completed Foreclosures in November 2016 Confidence in the Economy is Surging Mortgage Rates Lower Again Dubai’s Real Estate Markets Poised to Rebound in 2017 Housing Will Continue Gradual Climb to Higher Ground in 2017 …

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NAHB Reports Increase in Homebuilder Sentiment by 7 Points

Today’s News Synopsis: Freddie Mac reported interest rates increased with 30-year rates now at 4.16% and 15-year rates at 3.37%.  The NAHB reported an increase in homebuilder sentiment by 7 points, putting it now at 70.  The CBIA shared how the recent big increase in home price from lack of supply can have a huge …

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Claims of Unemployment Increased Last Week After Being At their Lowest in 40 Years

Today’s News Synopsis: Freddie reported mortgage rates are still at historical lows despite being at a four-month high.  Claims of unemployment increased last week for the first time since July after being at their lowest in 40 years.  Lending on multifamily homes was up 28% last year according to the Mortgage Bankers Association. In The …

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Many Big Banks Report Decreased Earnings in 3rd Quarter Except, Surprisingly, Wells Fargo

Sources: CoreLogic Reports 37,000 Completed Foreclosures in August 2016 Mortgage applications down 6% as rising rates take a toll September New Home Purchase Mortgage Applications Increase 3 Percent Year over Year Mortgage Rates Tick Higher Structure of CFPB Ruled Unconstitutional Biggest banks in the world list: China dominates, US fades Consumer Financial Protection Bureau Fines Wells …

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