Market Trends

Dec. 23, 2014

2014 Housing Review: A Year of Jobs, Record-Low Interest and Tight Inventory Sets the Stage for 2015 Growth

This year demonstrated a steady build-up of housing momentum—fueled by significant improvements in economic fundamentals, low mortgage rates, and compressed inventory – and is expected to carry the market into 2015 gains, according to the 2014 Housing Review issued today by®. This review includes the Top 10 Real ...

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Dec. 20, 2014

Fannie Mae and Freddie Mac Swim Against the Tide with 3 Percent-Down Loans

Recently, Fannie Mae and Freddie Mac announced plans to begin backing home loans with down payments as low as three percent. This move came just days after the mortgage giants implemented less rigid lending standards in order to give Main Street citizens with less-than-perfect credit a better chance at homeownership ...

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Dec. 4, 2014

Less Rigid Mortgage Guidelines Take Effect

Years after the housing market crash, one thing is certain: it’s incredibly difficult to qualify for a mortgage, and that fact is significantly holding back the housing market recovery. Thankfully, mortgage giants Fannie Mae and Freddie Mac took notice and, just this week, instituted new lending guidelines that will make ...

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Dec. 4, 2014 2015 Housing Forecast: Stage Set for the Return of First-Time Home Buyers

Following years of retrenchment among prospective first-time homebuyers and the dampening effect it has had on the recovery of the housing market, first-timers will return to the market next year, according to the® 2015 Housing Forecast released Thursday. This is among several key developments projected for the coming ...

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Nov. 18, 2014

Fixed Mortgage Rates Slightly Down, Hover Near 2014 Lows

Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates little changed from the previous week with the 30-year mortgage still hovering around 4 percent.

"Fixed mortgage rates were slightly down on mixed results from October's employment report,” says Frank ...

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Posted in Market Trends
Nov. 14, 2014

Mortgage Applications Decrease Slightly

Mortgage applications decreased 0.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 7, 2014.

The Market Composite Index, a measure of mortgage loan application volume, decreased 0.9 percent on a seasonally adjusted basis ...

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Oct. 26, 2014

The International Homebuyer: Continued Interest in U.S.

Based on the National Association of REALTORS’® survey for the 12 months ending March 2014, the total volume of residential sales to international clients was estimated at approximately $92.2 billion, a 35 percent increase from the previous period’s level of $68.2 billion. The dollar level of international sales ...

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Oct. 23, 2014

'Seriously' Underwater Properties at Lowest Level in Two Years

RealtyTrac®, a leading source for comprehensive housing data, today released its U.S. Home Equity & Underwater Report for the third quarter of 2014, which shows that 8.1 million U.S. residential properties were seriously underwater—where the combined loan amount secured by the property is at least 25 percent ...

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Oct. 22, 2014

Housing Outlook in Face of Rising Rates

The second quarter GDP figures were highly encouraging, assuring that job creation continues. Jobs will become ever more important in what looks to be a sure rising interest-rate environment. Surprisingly, rates have barely moved this year. But sooner or later (by year end), there is likely to be a jump ...

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Oct. 21, 2014

Existing-Home Sales Rise 2.4 Percent in September

After a modest decline last month, existing-home sales bounced back in September to their highest annual pace of the year, according to the National Association of Realtors®. All major regions except for the Midwest experienced gains in September.

Total existing-home sales, which are completed transactions that include single-family homes, townhomes ...

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