Archive for home prices

Case-Shiller: U.S. Home Prices Hit All-Time High In February

Posted by Patrick Barnard on April 25, 2017

U.S. home prices increased 0.4% on an adjusted basis in February compared with January and increased 5.8% compared with February 2016, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. Not only was it the fourth consecutive month [Read More]

Black Knight: U.S. Home Prices Continued To Rise In February

Posted by Patrick Barnard on April 24, 2017

U.S. home prices increased 0.8% in February compared with January and increased 5.7% compared with February 2016, according to Black Knight Financial Services’ home price index report. The average price for a home hit a post-crisis high of about $268,000, surpassing [Read More]

NAR: Existing-Home Sales Sprung Up In March

Posted by Patrick Barnard on April 21, 2017

Existing-home sales in March reached an annual pace of 5.71 million, up 4.4% from a downwardly revised 5.47 million in February and up 5.9% compared with March 2016, according to the National Association of Realtors (NAR). It was the strongest [Read More]

Housing Starts Fell 6.8% In March; Single-Family Production Down 6.2%

Posted by Patrick Barnard on April 18, 2017

Housing starts in March were at a seasonally adjusted annual rate of 1.215 million, a decrease of 6.8% compared with a revised 1.303 million in February but an increase of 9.2% compared with 1.113 million in March 2016, according to [Read More]

Economists: Weak Jobs Report Not Likely To Impact Housing Market

Written by Patrick Barnard on April 12, 2017

A return of winter weather that affected the construction segment, plus sharp job losses in the retail sector, caused the March jobs report to come in much lower than expected.

Black Knight: Total ‘Tappable’ Equity Hit $4.7 Trillion In 2016

Posted by Patrick Barnard on April 03, 2017

Rising home prices significantly decreased the number of underwater borrowers and boosted the amount of “tappable” equity that they have in their homes in 2016, according to Black Knight Financial Services’ Mortgage Monitor report. As of the end of the [Read More]

Home Prices Increased Again In January; Rising Rates Yet To Slow Appreciation

Posted by Patrick Barnard on March 28, 2017

Home prices keep increasing, but at some point, rising interest rates will impact affordability and cause a leveling off.

S&P/Experian: Rising Interest Rates Not Causing Any Adverse Effects – Yet

Posted by Patrick Barnard on March 27, 2017

The default rate for first mortgages crept up slightly to 0.74% in February, rising from 0.72% in January, according to the S&P/Experian Consumer Credit Default Indices. Still, the default rate for first mortgages was down from 0.84% in February 2016. [Read More]

Mortech’s PPE Now Integrated With BeSmartee

Posted by Patrick Barnard on March 27, 2017

Mortech’s product and pricing engine (PPE) is now integrated with BeSmartee‘s mortgage process automation platform. That means lenders using BeSmartee to deliver online e-mortgage capabilities to their customers can now streamline their origination, rate pricing, underwriting and closing processes. With [Read More]

Black Knight: Home Prices Continued To Rise In January

Posted by Patrick Barnard on March 27, 2017

U.S. home prices increased 0.1% in January compared with December and increased 5.4% compared with January 2016, according to Black Knight Financial Services’ home price index report. It was the 57th consecutive month that home prices increased. The average home [Read More]

Will Economic Uncertainty Derail The Housing Recovery?

Written by Patrick Barnard on March 23, 2017

Uncertainty in connection with the Trump administration’s policies and proposals is yet to have an impact on consumers’ psyches.

NAR: Existing-Home Sales Dropped 3.7% In February

Posted by Patrick Barnard on March 22, 2017

Low supply in the affordable price range continues to be the “pest” that’s pushing home prices

Single-Family Housing Starts Jumped 6.5% In February

Posted by Patrick Barnard on March 17, 2017

Permit activity shows that the trend is likely to continue into spring.

Consumers’ View Of Housing Market More Favorable In February, Fannie Mae Says

Posted by Patrick Barnard on March 16, 2017

Consumer confidence in housing hit an all-time high in February, according to Fannie Mae’s most recent Home Purchase Sentiment Index (HPSI), part of its National Housing Survey. The index increased by 5.6 percentage points in February to a score of [Read More]

Home Flipping Increased 3.1% In 2016 To Reach Highest Level In A Decade

Posted by Patrick Barnard on March 13, 2017

About 193,000 single-family homes and condos were “flipped” in 2016, an increase of 3.1% compared with 2015 to reach the highest level since 2006, when about 276,000 were flipped, according to a recent report from ATTOM Data Solutions. The firm [Read More]

Freddie Mac: Mortgage Rates Saw Significant Jump

Posted by Patrick Barnard on March 09, 2017

Mortgage rates increased significantly during the week ended March 9, with the average rate for a 30-year, fixed-rate mortgage (FRM) at around 4.21%, up from 4.10% the previous week, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago [Read More]

CoreLogic: One Million Borrowers Regained Equity In 2016

Posted by Patrick Barnard on March 09, 2017

In the fourth quarter, there were about 3.17 million properties, or about 6.2% of all homes with a mortgage, with negative equity.

Is The Economic News Too Good For Mortgages?

Written by Peter G. Miller on March 08, 2017

The essential mortgage story in 2017 is likely to revolve around three issues: history, rates and uncertainty.

MBA: Despite Rising Rates, Mortgage Applications Increased

Posted by Patrick Barnard on March 08, 2017

It’s a somewhat rare event when mortgage application volume increases significantly even though rates increased, as well – but that’s exactly what happened last week, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Stranger still, perhaps, is [Read More]

CoreLogic: Home Prices Increased 0.7% In January

Posted by Patrick Barnard on March 07, 2017

U.S. home prices increased 0.7% in January compared with December and increased 6.9% compared with January 2016, according to CoreLogic’s home price index report. The report takes distressed sales into account. Currently, CoreLogic is forecasting that home prices will increase 0.1% [Read More]