RealtyTrac

$8.2 Billion Lawsuit Between Countrywide and Investors Finally Settled

Sources: Freddie Mac: Mortgage rates plummet after Brexit vote Pending home sales: Fewer homes being sold for first time in 2 years Case Shiller: Home prices reach new highs in key housing markets Morning Briefing: Strong rise in real estate optimism Zillow: Starter home values growing at twice the pace of higher-end market Booming US …

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Top Three Cities With Best Housing Markets: Denver, Seattle, Portland

Today’s News Synopsis: Freddie Mac reported mortgage rates dropped for the first time in weeks with 30-year rates now at 3.60% and 15-year rates at 2.87%.  According to the latest data from Redfin, the top three cities that had the best housing markets were Denver, Seattle, and Portland.  For three years now private investors have …

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Latest AACER Data Shows Bankruptcy Filings Continue to Decrease

Sources: Case-Shiller: Home prices rising twice as fast as inflation Existing-Home Sales Defy Unfavorable Odds Republicans set to unveil plan to replace Dodd-Frank Groups Call for Action on Housing Finance Reform Top Purchase Markets for Millennial Homebuyers, According to NAR Goldman Sachs in $5.1 billion toxic mortgage settlement Today’s News Synopsis: Aaron Norris of the …

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Mortgage Debt Increases by $120 Billion in the Fourth Quarter

Today’s News Synopsis: Mortgage debt increased by $120 billion in the fourth quarter to its highest in 4 years according to the Federal Reserve Bank of New York.  HUD and the U.S. Census Bureau reported new home sales increased 16.6% month-over-month, their highest since after the recession.  The survivor bill of rights is gaining headwind in …

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NAR Reported Existing-Home Sales Increased 1.7%

Sources: NAHB Index Unchanged in May, Pointing to Steady Housing Growth Housing Starts Up 6.6 Percent in April Mortgage Applications Decrease in Latest MBA Weekly Survey Existing home sales manage to increase two months straight ‘Zombie’ foreclosures down 30% in second quarter Freddie Mac: 30-year mortgage rate about to start rising? MBA: 30-year mortgage rate …

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RentRange Releases List of Cities With Highest Rent Increases

Sources: Fannie Mae, Freddie Mac mortgage modification interest rate falls to new record low Distressed sales continue to drop CFPB’s rule to limit arbitration opens door to class action against banks Freddie Mac: 30-year mortgage rate falls to lowest level in 3 years Morning Briefing: Hot markets slowing, slow markets heating up More Distressed Borrowers …

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Job Openings for Construction Jobs That Remain Open at All-Time High

Today’s News Synopsis:   Freddie Mac reported 30-year mortgage rates, which now stand at 3.57%, are at their lowest since 2013 while 15-year rates stand at 2.81%.  The latest National Delinquency Survey from the Mortgage Bankers Association showed delinquency rates remain relatively the same while foreclosures are continuing to decrease.  Job openings for construction jobs …

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NAR Reports 5.1% Increase in Existing-Home Sales

Today’s News Synopsis:   The National Association of Realtors reported existing-home sales increased 5.1% month-over-month in March.  The Mortgage Bankers Association reported mortgage applications increased 1.3% from last week.  More and more people are interested in buying a home with interest rates continuing to decrease.   In The News: Housing Wire – “Existing home sales rebound …

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HUD and Commerce Dept. Reported 8.8% Decrease in Housing Starts

Today’s News Synopsis:   Both HUD and the Commerce Department reported housing starts decreased by 8.8% last month and now stand at 1.089 million.  The NAHB reported builder confidence continues to remain high at 58 for three months now.  Another aspect of the market that also saw an increase last month was the volume of …

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Generation X Surprisingly in Last Place on Homeownership

Today’s News Synopsis: Profits from independent mortgage banks and subsidiaries was up $747 per loan in 2015, putting the total profit at $1,189.  In a surprising story, those of Generation X have actually come in last on the chart for homeownership in the current market.  RealtyTrac is putting out a new interface program that will …

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