DSNews BY: Colin Robins April 24, 2014 According to the Fastest Markets Report issued by Redfin, homes are “flying off the market” in many places, such as San Francisco, California; Austin, Texas; and Washington, D.C. The report notes that although homes are selling faster, fewer total homes are selling. Inventory has risen in these metros, but […]
Fannie Mae’s Book of Business Declines in Q1
DSNews BY: Krista Franks Brock May 5, 2014 Fannie Mae’s book of business declined for the first three months of this year, ending the first quarter with a monthly compound annualized rate of -1.8 percent. Over the first quarter, the GSE’s book of business declined at a compound annualized rate of 2.2 percent. The last time […]
Have Lower Lending Standards Pushed Credit Scores Down?
DSNews BY: Tory Barringer May 5, 2014 It’s been one of the biggest stories to follow in mortgage lending: After years of too-loose and then too-tight credit access, average FICO scores are now slowly floating down, and the market looks a little more open for low-score borrowers. But do […]
Florida’s Housing Market Is On the Rise
DSNews BY: Paul Salfen April 23, 2014 More good news has surfaced in the housing market, this time in Florida. According to Florida Realtors, the housing market reported higher median prices, more new listings, and a stable level of inventory in March. Closed sales of single-family homes statewide totaled 20,081 last month, up 2.8 […]
Total Home Sales and Prices Tick Slightly Upward in March
DSNews BY: Colin Robins April 24, 2014 According to RealtyTrac’s latest Residential and Foreclosure Sales Report for March and Q1 2014, U.S. residential properties sold at an estimated annual pace of roughly 5.2 million homes in March, a .4 percent increase from February, and up 8 percent from the previous year. The median sales price for […]
Yearly Asking Price Gains Slow Despite Solid Monthly, Quarterly Gains
DSNews BY: Colin Robins May 9, 2014 Nationally, asking prices rose 0.8 percent month-over-month in March and 2.8 percent quarter-over-quarter in April. Yet asking prices rose a mere 9.0 percent year-over-year, the smallest gain in 11 months according to an analysis of data from Trulia’s Price Monitor and Rent Monitor. With monthly and quarterly increases holding steady, […]
U.S. Unemployment Drops to 6.3%; Adds 288,000 Jobs
DSNews BY: Tori Bariinger May 2, 2014 Employers across the country added 288,000 jobs to their payrolls in April, bringing the unemployment rate down to a new post-crash low. According to the latest report from the Labor Department, the rate of unemployment last month fell to 6.3 percent, down nearly half a percentage point after […]
Personal Income Strong in March
DSNews Colin Robins May 5, 2014 According to a new report by the Wells Fargo Economics Group, personal income was strong in March, jumping .5 percent. February’s growth received an upward revision to .4 percent. Personal consumption expenditures surpassed all expectations, posting a .9 percent increase. The group noted that […]
CFPB to Launch eClosing Pilot Program
DSNews BY: Colin Robins April 24, 2014 In an effort to create a more consumer-friendly environment, the Consumer Financial Protection Bureau(CFPB) has announced a new pilot program, centered specifically on gathering data from partners using electronic closings (eClosings) to complete mortgages. In a document outlining the program, the CFPB believes, “[T]here may be opportunities […]
Mortgage Delinquency Rate Continues to Drop
DSNews BY: Colin Robins May 7, 2014 The mortgage delinquency rate declined to 3.61 percent at the end of the first quarter of 2014, according toTransUnion’s latest mortgage report. Overall, the mortgage delinquency rate has dropped 24 percent in the last year, and has experienced nine consecutive quarters of decline. Currently, the rate is […]
