House Price Index
At 267.89 (+0.33% MoM)
At $295,000 (0.00% MoM)
List Price Per Sqft
At $143 (0.00% MoM)
At 4.97% (+2.26% MoM)
Jan 20, 2019 via themortgagereports.com What's your ideal home style? Tour these 15 popular types of homes and see which appeal to you the most.
Jan 18, 2019 via housingwire.com Foreclosure activity has reached its lowest point since 2005, falling 8% from the previous year, according to ATTOM Data Solutions. Foreclosure filings - which include default notices, scheduled auctions and bank repossessions - were reported on 624,753 properties in 2018, down 78% from their 2010 peak of 2.9 million.
Jan 18, 2019 via housingwire.com Calls for government-sponsored enterprise reform have gone on for years - but now that reform could be just weeks away from becoming a reality. FHFA Acting Director Joseph Otting is said to be just weeks away from releasing a plan.
Jan 18, 2019 via housingwire.com PennyMac is betting on opportunity in home equity lending, announcing Friday that its Loan Services subsidiary will now offer HELOCs. The nonbank's foray into home equity lending comes at an interesting time, as some experts say certain market dynamics signal the likelihood of an impending home equity boom, while others are saying quite the opposite.
Jan 18, 2019 via housingwire.com Margins on adjustable-rate reverse mortgage loans averaged 1.96% in November, according to Baseline Reverse's latest Margin Report. This represents only a slight dip from previous months and suggests that margins have stabilized as lenders adjust to product changes.
Jan 18, 2019 via housingwire.com The latest VeroFORECAST from valuations provider Veros Real Estate Solutions predicts an average appreciation of 3.9% over the next year in the 100 most populous markets surveyed - down from the 4.5% predicted last quarter as the company foresees "a definite slowing down of most markets."
Jan 18, 2019 via cnbc.com Amid the stalemate in Washington, credit unions have some of the more generous offers for government employees.
Jan 18, 2019 via biggerpockets.com Have stocks or real estate performed better over the past 145 years? Here's a five-minute summary of 145 years of economic data from 16 countries. View the full article: Real Estate vs. Stocks: Which Has Performed Better Over 145 Years? on The BiggerPockets Blog. This content is Copyright (C) 2017 BiggerPockets, Inc. All Rights Reserved.
Jan 17, 2019 via zillow.com Zillow expects estimates existing home sales fell 2.6 percent in December. The post Forecast for Existing and New Home Sales (December 2018) appeared first on Zillow Research.
Jan 17, 2019 via cnbc.com The presidency of Donald Trump has indirectly helped the real estate market in South Florida, says the Miami property magnate.
Jan 17, 2019 via housingwire.com The Consumer Financial Protection Bureau is changing course on its previous decision to stop supervising lending to active duty service members. Kathy Kraninger, the newly confirmed director of the bureau, sent a letter to Congress on Thursday, asking for the "clear authority" to supervise for compliance with the Military Lending Act.
Jan 17, 2019 via biggerpockets.com Concerned about massive stock market swings? Many people are. But if you're heavily invested in real estate, like me, you're probably sleeping well at night. Here's why. View the full article: “The Sky is Falling!”: Why Stock Market Swings Shouldn’t Scare Real Estate Investors on The BiggerPockets Blog. This content is Copyright (C) 2017 BiggerPockets, Inc. All Rights Reserved.
Jan 17, 2019 via housingwire.com Multifamily lending continues to reach all-new highs, and some lenders rose above the rest, dominating the market in 2018. Here are the top 10 lenders that financed through Freddie Mac in 2018 and their lending volume.
Jan 17, 2019 via housingwire.com Single-family rental giant Roofstock has hired Fiona Taylor as vice president of operations. Taylor previously served as senior director of Business Operations and Customer Service at Tesla, is well-versed in helping companies on the brink of extreme growth.
Jan 17, 2019 via housingwire.com The Office of the Comptroller of the Currency has appointed Morris Morgan as senior deputy comptroller and chief operating officer, a role created to enhance the agency's reporting structure. As COO, Morgan will oversee a number of the OCC's bank supervision units.
Jan 17, 2019 via zillow.com The Census Bureau was scheduled to publish monthly new construction permits and starts data for December this morning, but the release was delayed because of the federal government shutdown. The delay comes at a critical moment for the American economy, amidst growing uncertainty about the underlying health of the housing market - and each missing or delayed data point adds to that uncertainty for buyers, sellers, developers, investors and local governments. The post Missing Data Accompanying Missed Paychecks as Government Shutdown Continues appeared first on Zillow Research.
Jan 17, 2019 via housingwire.com The Mortgage Bankers Association has named Equity Prime Mortgage President Eddy Perez chairman of MORPAC, its political action committee. As such, Perez will represent MBA's interest on Capitol Hill for the 2019-2020 election cycle.
Jan 17, 2019 via housingwire.com A more dovish tone at the Federal Reserve helped to hold interest rates steady after they fell to their lowest level in nine months. Freddie Mac explained this is already beginning to show positive effects on the economy.
Jan 17, 2019 via zillow.com Home shoppers across the nation may have an easier time finding a deal on a newly constructed home than they did a year ago. The post Price Cuts on Newly Constructed Homes Becoming More Common appeared first on Zillow Research.
Jan 16, 2019 via redfin.com Technology is changing the face of real estate, and it looks like 2019 will be the year that iBuyers are put to the test. As the housing market cools off, home sellers are looking to get top dollar for their homes, especially in large markets like San Diego. The good news is that there are […] The post Quick cash for homes: How iBuyer programs are changing the real estate industry appeared first on Redfin Real-Time.
Jan 16, 2019 via redfin.com December home sales fell 11 percent as prices turned in their smallest gain in over six years. Boston and San Jose both saw prices decline year over year. The post Home Prices and Sales Ended 2018 Not With a Bang, But a Whimper appeared first on Redfin Real-Time.
Jan 16, 2019 via redfin.com See why Bridle Trails in Bellevue. Washington earned the top spot in our hottest neighborhoods report for 2019 with a Redfin agent's insider guide. The post Get to Know Bridle Trails, Redfin's Hottest Neighborhood for 2019 appeared first on Redfin Real-Time.
Jan 16, 2019 via cnbc.com Home ownership among those in the 24-to-32 group plunged from 45 percent to 36 percent for the period in the Fed survey.
Jan 16, 2019 via housingwire.com More than 300 employees working for mortgage servicer Seterus in Durham, North Carolina, will be out of a job come March. The news comes just days after Mr. Cooper announced it had purchased Seterus from IBM in a deal expected to close in the first quarter of the year, and coincides with layoffs in Mr. Cooper's origination channel.
Jan 16, 2019 via cnbc.com The slowdown in home sales and home price gains in most major U.S. markets is causing the opposite effect in the rental market, especially for single-family rental homes. Those rent prices increased 2.9 percent annually in November 2018.
Jan 16, 2019 via housingwire.com Reverse mortgage volume has taken a nosedive in the past year, a fact that is glaringly evident by the product's performance in the secondary market. The latest from New View Advisors reveals that outstanding float of HECM-mortgage backed securities has fallen yet again. "At some point, declining float could affect HMBS liquidity and therefore pricing," said New View Partner Michael McCully.
Jan 16, 2019 via housingwire.com Held steady by decreasing mortgage rates, homebuilder confidence in the market of new single-family homes stabilized in the month of January, increasing two points to 58, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index.
Jan 16, 2019 via cnbc.com Builder sentiment rose 2 points to 58 in January according to the National Association of Home Builders. This came after two months of sharp drops in sentiment to the lowest level in more than two years. The index stood at 72 a year ago.
Jan 16, 2019 via housingwire.com Despite U.S. economic volatility, mortgage applications pushed forward for the week ending Jan. 11, 2019, according to the newest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey.
Jan 16, 2019 via cnbc.com That is its highest level since February 2018 and came after a 23 percent jump the previous week. Volume was just 0.5 percent lower compared with the same week one year ago
Jan 15, 2019 via housingwire.com LendingTree announced Tuesday it has completed its acquisition of Value Holding Inc., the parent company of personal finance website ValuePenguin, paying $105 million for the company.
Jan 15, 2019 via housingwire.com Many predict the Federal Reserve will raise interest rates in the year ahead, and this means HELOC borrowers can expect their loan payments to creep upward. Bankrate.com's Chief Financial Analyst Greg McBride predicts many HELOC borrowers will see their rates increase by 50 basis points this year.
Jan 15, 2019 via housingwire.com Although the housing market is expected to experience a slowdown in 2019, some metropolitan areas are thriving. Because of this, LendingTree has ranked the 50 largest metros. Read to find out which cities are ahead of the pack.
Jan 15, 2019 via housingwire.com Blackstone Group is set to finish raising capital for the largest-ever real estate fund. According to The Wall Street Journal, the $20 billion fund is expected to close in the first quarter of 2019 for most investors and may focus on tech hubs, remote resorts, rental properties and distribution centers.
Jan 15, 2019 via housingwire.com Real estate and rental listing website Trulia recently announced Issi Romem joined the company as its new chief economist. Trulia's Senior Vice President and General Manager Tim Correia said Romem brings a fresh but experienced perspective on the U.S. economy, urban development and housing policy to Trulia's Housing Economics Research team.
Jan 15, 2019 via redfin.com Many people are moving away from pricey coastal cities, but the ones that remain are searching for homes in high-priced pockets of already-expensive areas. The majority of Redfin's 10 hottest neighborhoods of 2019 have a median sale price of more than $1,000,000--and the others aren't far from the seven-figure mark. Redfin's annual hottest neighborhoods report […] The post Million-Dollar Mania: Redfin's 10 Hottest Neighborhoods of 2019 Are All in Costly Coastal Hubs appeared first on Redfin Real-Time.
Jan 15, 2019 via redfin.com Philadelphia and Baltimore feature heavily on this year's ranking of the hottest affordable neighborhoods in the country. Every city has in-demand neighborhoods where buyers are clamoring to find homes. But with hotness comes price growth, which can make it difficult for the typical homebuyer to afford a home in the most popular parts of expensive […] The post Redfin Ranks the 10 Hottest Affordable Neighborhoods of 2019 appeared first on Redfin Real-Time.
Jan 15, 2019 via themortgagereports.com Homeowners are staying in their houses longer than ever. According to new data, the average homeownership tenure has jumped 10 percent in just the last year.
Jan 15, 2019 via cnbc.com Trade tensions, along with pressure on companies from Beijing, have caused a decline in Chinese direct investment into the United States. Still, Chinese home purchases and venture capital funding continue to grow.
Jan 15, 2019 via zillow.com It's January, and while the weather may be getting colder, the U.S. housing market remains plenty warm. Some markets - fueled by rapid home value and rent appreciation, job opportunities, income growth and low unemployment - are red hot. The post Job Opportunities Drive List of Hottest U.S. Markets for 2019 appeared first on Zillow Research.
Jan 14, 2019 via housingwire.com In 2018, American consumer debt reached a whopping $4 trillion, contributing to tightening affordability concerns in the housing sector. LendingTree recently released a report that highlighted the best U.S. metros for paying off debt. Find out which cities made the cut.
Jan 14, 2019 via zillow.com Teachers in Los Angeles County typically need to spend about half their pre-tax salaries on rent or mortgage payments to afford a median-priced home or rental. The post L.A. County Teachers Typically Spend Half Pre-Tax Salaries on Rent or Mortgages appeared first on Zillow Research.
Jan 14, 2019 via housingwire.com The Supreme Court declined to hear a Texas bank's constitutional challenge to the structure of the Consumer Financial Protection Bureau on Monday. The State National Bank of Big Spring, Texas, claimed the CFPB's "unprecedented, unchecked power" violates the Constitution's separation of powers.
Jan 14, 2019 via redfin.com Buyers and sellers in Toronto and Vancouver will soon be able to work with Redfin agents The post Hello, Canada! appeared first on Redfin Real-Time.
Jan 14, 2019 via housingwire.com Freddie Mac has named Ricardo Anzaldua general counsel and corporate secretary. Anzaldua, who worked previously as general counsel at MetLife, joined Freddie Mac in May as executive vice president and senior legal advisor.
Jan 14, 2019 via housingwire.com Although affordability continues to be a deterrence to homeownership, data suggests Americans still strongly consider it to be a part of the American dream, according to the National Association of Realtors.
Jan 14, 2019 via housingwire.com While the front end of mortgage lending might look good, a look into the back end of operations shows a much different story. Mortgage lending is in desperate need of a technology update.
Jan 14, 2019 via themortgagereports.com If you already own a home, it might be time to think about refinancing. According to new data, more than half a million homeowners could lower the mortgage rates by doing so.
Jan 13, 2019 via cnbc.com Asian real estate developer CapitaLand said it will acquire Ascendas-Singbridge, which would create one of the world's largest real estate investment managers.
Jan 13, 2019 via themortgagereports.com Know a Hannah, Austin, Alexis, Logan or Taylor? According to new data, they might just become homebuyers this year.
A weighted, repeat-sales index which measures average price changes on the same properties for single-family homes whose mortgages go through Fannie Mae or Freddie Mac.
Latest: 0 (November 2018), MoM change: -100.00%, YoY change: -100.00%
Source: Federal Housing Finance Agency
Median List Price Latest: $289,000 (December 2018), MoM change: -1.37%, YoY change: +7.06%
Average List Price Latest: $484,600 (December 2018), MoM change: -0.76%, YoY change: +4.31%
Latest: $143 (December 2018), MoM change: 0.00%, YoY change: +7.52%
Only includes single-family, non-jumbo loans. For the past several decades, more than half of consumers choose 30-year, fixed-rate mortgages.
Mortgage Effective Rate Latest: 5.07% (November 2018), MoM change: +2.01%, YoY change: +21.58%
Mortgage Contract Rate Latest: 4.99% (November 2018), MoM change: +2.46%, YoY change: +19.66%
Mortgage Initial Fees Latest: 1.03% (November 2018), MoM change: -2.83%, YoY change: -18.25%
Source: Federal Housing Finance Agency
Active Listings Latest: 1,400,810 (December 2018), MoM change: -7.57%, YoY change: +5.30%
New Listings Latest: 282,396 (December 2018), MoM change: -26.29%, YoY change: +3.00%
Latest: 80 (December 2018), MoM change: +12.68%, YoY change: -3.61%
Price Decreases Latest: 211,544 (December 2018), MoM change: -36.99%, YoY change: +23.66%
Price Increases Latest: 21,220 (December 2018), MoM change: -4.06%, YoY change: -1.67%
Only includes new, privately owned housing units in roughly 20,000 permit issuing places in the U.S. According to the Census Bureau, permit issuing places account for 98% of new construction. The data is not seasonally adjusted.
Latest: 101,700 (November 2018), MoM change: -9.68%, YoY change: +2.94%
Source: U.S. Census Bureau
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