Archive for home sales

Why Repealing Dodd-Frank Will Fail

Written by Peter G. Miller on June 08, 2017

The last time the Financial CHOICE Act was up before Congress, the bill went nowhere.

NAR: Pending Home Sales Fell 1.3% In April, Due Mainly To Weak Supply

Posted by Patrick Barnard on May 31, 2017

Pending home sales decreased 1.3% in April compared with March and decreased 3.3% compared with April 2016, according to the National Association of Realtors’ (NAR) Pending Home Sales Index. It was the second consecutive month that pending home sales decreased, year [Read More]

MBA: Applications For Refinances Jumped 11% On Slightly Lower Mortgage Rates

Posted by Patrick Barnard on May 24, 2017

Mortgage application volume jumped 4.4% during the week ended May 19, with most of the increase stemming from an 11% week-over-week spike in applications for refinances, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. It was the [Read More]

NAR: Existing-Home Sales ‘Stymied’ By Low Inventory In April

Posted by Patrick Barnard on May 24, 2017

Existing-home sales were at a seasonally adjusted annual rate of about 5.57 million in April – down 2.3% from a downwardly revised estimate of 5.70 million in March, according to the National Association of Realtors (NAR). Despite the month-over-month decrease, [Read More]

Michael Wojcik: Appraisers Concerned About Growing Use Of Data And Analytics

Written by Patrick Barnard on May 23, 2017

Appraisers are concerned about the technology movement, including the use of big data and analytics, and how that might impact their careers in the future.

New Home Sales Dropped 11.4% In April

Posted by Patrick Barnard on May 23, 2017

As of the end of April, there were about 268,000 new homes available for sale nationwide – about a 5.7-month supply at the current sales rate.

NAR: 2017 Will Be Best Year For Existing-Home Sales In A Decade

Posted by Patrick Barnard on May 18, 2017

During the Realtors Legislative Meetings & Trade Expo, Lawrence Yun, chief economist for the National Association of Realtors (NAR), predicted that existing-home sales would reach an annual pace of 5.64 million by the end of this year – an increase [Read More]

Castle & Cooke Mortgage Opens New Branch In Danielson, Conn.

Posted by Patrick Barnard on May 17, 2017

Castle & Cooke Mortgage reports that it has opened a new location in Danielson, Conn. The new location expands the company’s footprint in the state and will complement its sister branch in Columbia. The new branch is managed by Todd [Read More]

Housing Starts Fell Again In April

Posted by Patrick Barnard on May 16, 2017

And, yes, labor shortages are part of the cause…

Optimal Blue Partnering With Media Center CRM To Develop New Prospecting Tool

Posted by Patrick Barnard on May 12, 2017

Optimal Blue recently announced that it is partnering with Media Center CRM to offer a new prospecting tool that can be used by both mortgage professionals and their Realtor partners. This integration enables mortgage professionals to deliver real-time loan pricing [Read More]

‘Seriously Underwater’ Rate Increased In Q1

Posted by Patrick Barnard on May 05, 2017

Despite the fact that the average U.S. home price increased during the first quarter, the number of homeowners who were “seriously underwater” on their mortgages jumped, due mainly to the many depressed pockets across the country where home appreciation has [Read More]

NAR: Pending Home Sales Dipped 0.8% In March

Posted by Patrick Barnard on April 28, 2017

After jumping 5.5% in February, pending home sales dipped 0.8% in March, according to the National Association of Realtors (NAR). Still, pending home sales were up 0.8% compared with March 2016. The month-over-month dip in March was not due to [Read More]

Trump Taps Pam Patenaude To Become Next HUD Deputy Secretary

Posted by Patrick Barnard on April 28, 2017

“Pam is an exceptional choice for the position,” says David H. Stevens, president and CEO of the Mortgage Bankers Association

Freddie Mac: Mortgage Rates Back On The Rise

Posted by Patrick Barnard on April 27, 2017

After hitting a low for the year, mortgage rates were back on the rise this week, with the average rate for a 30-year, fixed-rate mortgage (FRM) rising to 4.03%, up from 3.97% the previous week, according to Freddie Mac’s Primary [Read More]

New Home Sales Took Nice Jump In March

Posted by Patrick Barnard on April 27, 2017

New home sales in March were at a seasonally adjusted annual rate of about 621,000, an increase of 5.8% compared with a revised rate of about 587,000 in February and an increase of 15.6% compared with about 537,000 in March [Read More]

Primary Residential Mortgage Opens New Location In Miami

Posted by Patrick Barnard on April 26, 2017

Primary Residential Mortgage Inc. (PRMI) reports that it has opened a new brick-and-mortar location in Miami. The new location at The Crossings is under the management of Cary Roque-Valdovinos. The team at the new branch has a combined 35 years [Read More]

MBA: Falling Mortgage Rates Caused Surge In Applications For Refinances

Posted by Patrick Barnard on April 26, 2017

A surge in applications for refinances linked to a recent drop in mortgage interest rates caused mortgage application volume to increase 2.7% on an adjusted basis during the week ended April 21, according to the Mortgage Bankers Association’s (MBA) Weekly [Read More]

Optimal Blue Now Integrated With Total Expert’s Marketing/CRM Platform

Posted by Patrick Barnard on April 26, 2017

Optimal Blue, which offers a “digital marketplace” of loan data and analytics, as well as loan pricing and mortgage hedging software solutions, is now integrated with Total Expert Inc., a developer of marketing software for the mortgage and real estate [Read More]

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]

Alterra Home Loans Taps Gerry Fernandez As VP Of Sales

Posted by Patrick Barnard on April 24, 2017

Mortgage industry veteran Gerry Fernandez recently joined Alterra Home Loans, the second-largest Hispanic-owned mortgage company and one of the fastest-growing origination firms, as vice president of sales. Fernandez is a 20-year veteran of the loan origination business. Previously, he was [Read More]