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 …
View MoreAfter 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 …
View MoreFreddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates hitting new lows for the year as 10-year bond yields briefly dipped below 2 percent. At 3.97 percent the average 30-year fixed rate is at its lowest level since the week of …
View MoreAccording to RealtyTrac®'s recently released U.S. Foreclosure Market Report™ for September and the third quarter of 2014, foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 317,171 U.S. properties in the third quarter, down 16 percent from a year ago but up 0.42 percent from …
With the market rebounding, many new buyers are entering the fold. For some, the appeal of a massive home with all of the latest bells and whistles has lost its luster, and they are looking for something smaller. They are going micro.
In the 2011 comedy “Wanderlust,” a New …
View MoreMortgage applications decreased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 19, 2014.
The Market Composite Index, a measure of mortgage loan application volume, decreased 4.1 percent on a seasonally adjusted basis from …
View MoreAmericans’ attitudes toward the housing market continued to soften in August and suggest that housing activity may resume its modest recovery in 2015 after some pullback this year, according to results from Fannie Mae’s August 2014 National Housing Survey. Despite ongoing improvements in the labor market this year, consumers’ view …
Delinquency rates for commercial and multifamily mortgage loans continued to decline in the second quarter of 2014, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.
During the second quarter of 2014, the 30+ day delinquency rate for loans held in commercial mortgage-backed securities (CMBS) decreased 0.45 percentage …
International buyers are entering the U.S. housing market at a rapid pace, according to a recent NAR report, the 2013 Profile of International Home Buying Activity. In fact, international buyers accounted for 7 percent of all residential purchases in the U.S. in the 12-month period ending in March 2014, with …
Summertime is the perfect time to enjoy a trip to the amusement park. But it's a bad time for the rollercoaster ride consumers may be subject to as they close in on their new home purchase.
According to a recent notice from realestateeconomywatch.com, downpayments, for example, are creeping …