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 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.
Jan 12, 2019 via themortgagereports.com Home price growth is expected to slow this year, but in some places? There's even a small chance that home prices might decline -- especially in the West.
Jan 11, 2019 via housingwire.com Americans are remaining in their homes longer than ever before, and recent data indicates that homeownership tenure has risen 10% just from 2017. But why are homeowners staying put and what does that mean for the housing market's future?
Jan 11, 2019 via housingwire.com As 2019 begins, many experts and even Federal Reserve members predict that the Fed is done raising interest rates, at least for 2019. While some think the Fed has at least a couple more rate hikes to go in 2019, others aren't so sure.
Jan 11, 2019 via housingwire.com The housing market is projected to heat up in 2019 and new data from Realtor.com indicates this push will predominantly be driven by Millennial women. According to the company's latest study, 50% of the top 20 fastest growing buyer first names belong to Millennial women.
Jan 11, 2019 via themortgagereports.com Government shutdown victims and others can find ourselves in impossible financial difficulties where we face a late mortgage payment. Here's what to do.
Jan 10, 2019 via biggerpockets.com America is facing a significant affordable housing shortage, something likely to deter lots of would-be buyers from making the leap from renter to owner this year. In fact, renting is more affordable than buying in about 60 percent of U.S. housing markets, according to recent research from ATTOM Data Solutions. View the full article: Market Data Report: Renting Looks More Attractive Than Ever in 2019 on The BiggerPockets Blog. This content is Copyright (C) 2017 BiggerPockets, Inc. All Rights Reserved.
Jan 10, 2019 via housingwire.com Ginnie Mae said Wednesday that Maren Kasper, Ginnie Mae's current executive vice president, will serve as acting president in Michael Bright's absence. But what do we know about Kasper, who will soon be overseeing an agency that boasts a mortgage bond portfolio of more than $1 trillion? A look into Kasper finds housing experience, but also numerous issues during her time at HUD.
Jan 10, 2019 via housingwire.com In a note to employees this week, Keller Williams Co-founder Gary Keller announced he will be coming back to the company to serve as CEO. Keller announced that as the company continues its technology transformation, he is stepping back into the role to lead the real estate industry "into the future."
Jan 10, 2019 via themortgagereports.com Mortgage rates have been falling since November, but the American consumer is just now noticing. A mini refi boom has started as homeowners are starting to notice low rates.
Jan 10, 2019 via housingwire.com In 2018, United Wholesale Mortgage closed out the year with $41.5 billion in total loan volume, making up nearly a quarter of the entire wholesale industry's market share. But it looks like UWM is setting the bar even higher in 2019, as the company has recently announced plans to change its pricing philosophy in a bid to offer "the best prices and rates in America."
Jan 10, 2019 via cnbc.com There's something about San Antonio -- and Austin and Houston. Seniors in these three Texas cities account have the highest median debt balances, excluding mortgages.
Jan 10, 2019 via themortgagereports.com As a homeowner, DIYing some of your property repairs can mean serious savings. Apparently, it can also can also mean serious injury, too. According to a new analysis, even some of the most innocuous DIY repairs and tools can have painful, long-term repercussions for America's homeowners.
Jan 9, 2019 via housingwire.com Trulia's end of year survey shows that the idea of homeownership is part of the American dream is shrinking most among younger adults and the group's pessimism about homebuying is increasing.
Jan 9, 2019 via housingwire.com It's been almost two years since Ginnie Mae had a permanent president, and now it looks like the wait is going to continue. HUD announced late Wednesday that Michael Bright, who has been leading Ginnie Mae on an interim basis for nearly 18 months and was the Trump administration's nominee to lead the agency, is leaving Ginnie Mae next week. Click the headline for the full story.
Jan 9, 2019 via zillow.com Mortgage rates on Wednesday posted their first week-over-week increase for the first time since early November. Propelled upward by stellar jobs data, more cautious forward-looking statements from Federal Reserve officials and easing trade fears, rates reached their highest point in two . Friday's blockbuster jobs report eased fears, at least for the moment, of an... The post Rates Clock-In at Two-Week High Following Strong Jobs Data appeared first on Zillow Research.
Jan 9, 2019 via housingwire.com As some major companies expand their reach into, or deeper into, mortgage lending, one expert says they could change how the housing industry works over the next few years.
Jan 9, 2019 via zillow.com The results present some interesting opportunities for digital nomads looking for a new home base. The post Best Metros for Remote Workers: Where Fast Internet Meets Affordable Homes appeared first on Zillow Research.
Jan 9, 2019 via cnbc.com After a tough fourth quarter, Lennar's chairman Stuart Miller said December's interest rate drop spurred a surge in customer traffic through their model homes. That could bode well for the broader market in new homes.
Jan 9, 2019 via housingwire.com While refinance volume has dropped off in recent years as interest rates have inched upward, incentive to refinance has returned for some homeowners. According to the latest from Black Knight, about 550,000 more borrowers could lower their mortgage payments by refinancing, meaning that about 2.4 million borrowers can now use a refi to reduce their interest rates by 0.75%.
Jan 9, 2019 via cnbc.com The stalemate in Washington, one of the longest in history, is throwing a wrench into some people's plans to buy houses, according to real estate experts.
Jan 9, 2019 via cnbc.com Lennar reported strong fourth-quarter earnings on Wednesday, but deferred guidance for 2019 "until the markets further define themselves."
Jan 9, 2019 via themortgagereports.com If you ask real estate agents, 2019 will be riddled with housing cost concerns, inventory shortages and high home prices thanks to Amazon's HQ2. Despite all this, agents expect home sales to remain largely steady (or even increase) over the year.
Jan 9, 2019 via housingwire.com Mortgage applications reversed course, rising 23.5% for the week ending Jan 4, 2019, according to the newest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. Notably, this week's reading includes adjustments to account for the New Year's holiday.
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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