This week, the NAR released data showing that pending home sales fell 2.2% in December, the lowest point since 2014. The reasons for the housing slowdown are myriad, but affordability concerns – especially among millennials – are playing a prominent role, with mortgage rates shooting up in 2018 amid a long-running ascent in home prices.
revise the hiring total for both June and July up to 245,000. The U-6 rate recording “total” unemployment fell to 10.3% (down 1.7% in the past 12 months and underneath its 20-year average of 10.7%) while the basic U-3 unemployment rate declined to 4,65.1%. On the factory front, orders for durable goods fell 2.0% in August after a 1.9% rise in
The National Association of Realtors (NAR) Pending Home Sales. of affordable single-family homes up for sale, which would be great news, particularly for first-time buyers,” he said. “Furthermore,
Review finds FHA mortgage insurance fund short $13.5 billion About this Channel : Pipeline Press is an informational forum focused on the interpretation and discussion of industry specific news, intelligence, investor bulletins, lender releases.
From the NAR: Existing-Home Sales See 6.4 Percent Drop in December. current sales pace, down from 3.9 last month and up from 3.2 months a year ago.. from last month, and were 10.3% below the December 2017 rate.
Brock & Scott expands default law practice In good faith: questioning religion and Atheism by Scott A. Shay expands on the examination of America’s need for a just and moral people, in and out of government. Shay explains idolatry is.
“Pending home sales slipped in July from last month and from one year ago, signifying continued weakness on the horizon for home sales,” says Danielle Hale, chief economist at realtor.com.
The National Association of Realtors’ (NAR) Pending Home sales index (phsi) rose by 1.5 percent to 110.2 in June from an upwardly revised 108.6 in May. On a year-over-year basis, the PHSI was up by.
EXCLUSIVE: Freddie Mac settles with David J. Stern law firm Fitch Warns on Option ARMs; High Defaults Await Mortgage industry raises concerns about new HMDA rules The consumer financial protection Bureau finalized a rule to improve information reported about the residential mortgage market, and a lot of people in the mortgage finance and housing industry.CoreLogic: 10.4 million mortgages still in negative equity Consumption falls as consumers break free of mortgage debt · The second major category of mortgage frauds targets consumers. Foremost among these are foreclosure rescue and mortgage debt relief scams. These scams seek to take advantage of homeowners who are falling behind on their mortgages or property taxes and are afraid of.Aug. 16, 2007: fitch downgrades countrywide, which immediately draws its entire available credit line of $11.5 billion. The Dow closes at 12,845.78, down 0.1%. Aug. 17, 2007: The Federal Reserve warns.RadarLogic home prices hit lowest level since 2003 Valuation Partners adds Denise Neely as vice president Vice President – Northeast Region at Valuation Partners . On April 1, Valuation Partners launched PropertyRx, a new approach to real estate valuations that. jason kitch liked this. Welcome to the team katherine! jason kitch liked this.Florida settles with Fort Lauderdale firm over foreclosures. – Half of the $2 million settlement will go to the Attorney General’s office.. the law offices of David J. Stern in Plantation and. mortgage guarantor freddie mac removed its files from the.
April’s growth rate was revised up to 0.5% from. likely fall below last year’s total." Here’s more from Yun: "The flourishing stock market the last few years has propelled sales in the higher price.
NAR’s Pending Home Sales Index. after a 10-month downward trend. Pending sales have declined month-to-month since peaking at a more than nine-year high last April, with the slump broken only by.
NAR’s Pending Home Sales Index was 106.0 for the. did see minor gains in contract signings last month, activity is falling further behind last year’s pace because new listings aren’t keeping up.
Redefaults a Problem, OCC’s Dugan Says NEW YORK (CNNMoney.com) — It may seem obvious: Increasing how much troubled borrowers pay on their mortgage leads to redefaults. But that didn’t stop America’s banks. Until the end of last year.
Down 10.3% from last year 31st consecutive year over year decline Median time on the market typically 40 days in December -Down from 52 days last year 44% of December sales on market less than a month First-time buyers represented 32% of sales in December Up from 29% in November Annual share of first-time buyers was 34%
Statebridge secures FrontRange Capital Partners investment Parsonex Capital Partners is a private fund sponsor that aims to bring intelligent investment strategies to sophisticated investors. Parsonex Capital Advisors is an asset management firm with a focus on real estate and business development in Qualified Opportunity Zones.Richard Cimino named SVP at LRES Nameless, formless crisis enveloping nation’s home price indices In January 2013 the value of homes in the pending supply was $350 billion, representing an annual decrease of $50 billion from January 2012 and a six-month decrease of $31 billion. Prices on the rise Banks trimmed 1.2 million troubled mortgages or foreclosed homes out of the massive shadow inventory hanging over the housing market in the first half of 2012, according to JPMorgan Chase research.Richard Cimino named SVP at LRES 2017 HW Tech100 Winner: Global DMS Finance Archives – Mass Media Content – SALT LAKE CITY, Utah, May 3, 2019 (SEND2PRESS NEWSWIRE) – TRK Connection (TRK), a leading provider of mortgage quality control (QC) and origination management solutions, announced today that it has added 4506-T Income.