Mortgage Monitor Report

Millennials Shifting Habits, Forming Families

Today’s News Synopsis: Millennial home buyers less interested in renting.  The latest Home Price Index Report from CoreLogic showed out of the 50 largest markets in the nation, almost half of them are overvalued.  Airbnb is partnering with San Francisco’s largest landlord, Veritas Investments, in order to help them increase their short-term rentals. In The …

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Homeowners Continue To Overestimate Their Home Values

Today’s News Synopsis: How much do you think your house is worth?  Many homeowners seem to be overestimating their value.  Household incomes in the U.S. increased last year to their highest on record by 3.2% as poverty decreased. Prices on homes are increases as demand for rentals continues to increase. In The News: Zillow – “Renter …

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Shopping Mall Owners Are Tired of the Industry Chatter

Today’s News Synopsis: Mall CEO’s say retail apocalypse is exaggerated.  Do you believe them?  According to the latest Home Purchase Sentiment Index from Fannie Mae, there are much fewer Americans now than before who believe now is a good time to buy a home.  Low-down-payment purchase lending is at its highest in seven years according …

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Could We Begin To See An Increase in Commercial Real Estate on Wheels?

Today’s News Synopsis: Could we be seeing an increase in commercial real estate on wheels with the increase in mobile retail stores?  Black Knight Financial Service’s latest data showed a 16% decrease in the number of underwater borrowers.  Realtor.com’s latest list showed the best places to live if you want to live by a lake. In …

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Realtor.com List Shows Top 10 Cities Where Owning a Home Comes With a Hidden Cost

Today’s News Synopsis: Realtor.com’s latest list shows the top 10 housing markets where owning a home comes with several hidden costs.  Black Knight Financial Services reported first lien mortgage originations decreased 34%, while refinance lending also decreased by 45%.  Although it is still the dream of many Americans to own a home, many are still …

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25% of Sellers Not Worried About Selling Their Home

Today’s News Synopsis: 25% of sellers are not worried about selling their home according to the latest NAHB survey.  The latest Mortgage Monitor Report from Black Knight Financial Services showed that 19% of HELOCs that are currently active are expected to reset this year.  More and more people are choosing to remodel and make small …

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