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Amazon Teaming Up With Nation’s Biggest Landlords

Today’s News Synopsis: Amazon Lockers coming to big buildings.  Several low to median-valued homes are expected to be severely impacted by rising sea levels, costing upwards of $916 billion.  ATTOM Data Solutions released a list of 20 cities where home flipping is at its highest. In The News: Zillow – “Rising Sea Levels Pose Significant Risk …

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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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ATTOM Data Solutions’ Latest Report Shows Which Neighborhoods Received the Best Returns on Real Estate

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 4.03% and 15-year rates at 3.29%.  ATTOM Data Solutions’ latest report shows which neighborhoods were the strongest and received the best returns on their real estate.  Janet Yellen’s had her final day …

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Renters Biggest Struggle To Owning a Home is Making the Down Payment

Today’s News Synopsis: Trulia’s latest report showed the workers who are having the hardest time finding a home in their own town where they work are teachers, police officers, firefighters, and restaurant workers.  According to the latest Housing Aspirations Report from Zillow, 70% of renters are not becoming homeowners because they struggle the most with …

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CoreLogic Releases Latest Review of the Foreclosure Crisis

Today’s News Synopsis: The Mortgage Bankers Association reported a 2.2% increase in new home purchase mortgage applications last month.  ATTOM Data Solutions announced that their clients can now have licensing access to the Clear Capital operated MLS listing service.  CoreLogic just released their latest review of the foreclosure crisis covering the last ten years. In …

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Some Believe Major Real Estate Decisions will be Placed on Hold During the Brexit Process in Europe

Sources: Morning Briefing: Housing starts flat in May but trend is positive Consumer Credit Default Picture Looks Brighter Foreclosure Prevention Efforts Hit Milestone Rates Drop, Refi Apps Jump in Latest MBA Weekly Survey Morning Briefing: Existing sales hit 9-year high, median prices at all-time record New Home Sales Fall 6 Percent in May from Strong …

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More People Choosing to Stay In their Distressed Properties Rather Than File Foreclosure

Today’s News Synopsis:   Freddie Mac reported a decrease in mortgage repurchases by 95% since their peak in 2010.  87% of metropolitan areas saw an increase in home prices in the first quarter.  More and more people with distressed properties are choosing to keep their homes rather than file foreclosure.   In The News: DS …

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House of Representatives Looking at Legislation to Do Away with G-Fees

Today’s News Synopsis:   A new list of the top ten markets where investors have the most opportunity was just released by HomeVestors and the Local Market Monitor, showing areas like Texas, Florida, Michigan, and Georgia as top areas.  The House of Representatives is looking at a new piece of legislation that would not allow …

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NAHB Reported a Decrease in Both Builder Confidence and Housing Starts

Today’s News Synopsis:   The NAHB reported a decrease in builder confidence this month while also reporting a 3.8% decrease in housing starts for the month of January.  The MBA reported an 8.2% increase in mortgage refinance applications from last week.   Ed Delgado, the president of Five Star Institute, met with Hud Secretary Julián …

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Wells Fargo Reached $16.2 Million Settlement with Genuine Title

Today’s News Synopsis:    The Federal Reserve reproted an increase in consumer borrowing back in Dcember by $21.3 billion.  The Super Bowl Ad aired by Quicken Loans has garnered much criticism, although there are many who thought it was an effective ad.  Wells Fargo reached a settlement with Genuine Title totalling $16.2 million.   In …

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