The Week Ahead: Housing Policy and the State of the Union Address DSNews by: Brian Honea January 10, 2016 Here’s a look at the news and events that will shape housing and mortgage finance in the week ahead for DS News. On Tuesday, January 12, President Barack Obama will deliver his eighth and final […]
Category: Housing Market
Ask the Economist: Why Raise Rates Now?
DSNews BY: Brian Honea December 14, 2015 Dr. Frank Nothaft joined CoreLogic in January 2015 as SVP and chief economist. Prior to joining CoreLogic, Nothaft worked at Freddie Mac, where he was chief economist and a prominent housing and mortgage market expert for more than 25 years. He frequently appears on radio and television […]
Housing Outlook for 2016: Higher Home Sales and Prices, Falling Refi Volumes
DSNews By: Kerri Panchuk December 7, 2015 The year 2016 is expected to usher in the creation of 1.25 million new households, higher rental demand, increased home sales, and a rise in home purchase loan originations even as refinancing volume plummets, CoreLogic’s Chief Economist predicted Monday. Dr. Frank Nothaft, senior vice president and chief economist […]
Borrower Outreach Events Proving Successful at Preventing Foreclosures
DSNews BY: Brian Honea November 17, 2015 Foreclosures have been continually on the decline nationwide for a few years. While much of the decline can be attributed to a recovering economy, another driver of the drop in foreclosures is increased borrower outreach efforts from various organizations. Borrower outreach events include HUD-approved housing counselors and mortgage […]
Why Are Discounted Distressed Sales Not Pulling Down Non-Distressed Home Prices?
DSNews BY: Brian Honea December 3, 2015 Why Are Discounted Distressed Sales Not Pulling Down Non-Distressed Home Prices? When distressed properties account for a large share of all residential home sales, it tends to pull down the prices of non-distressed homes, since foreclosed and REO properties typically sell at a discount to non-distressed […]
Foreclosure Inventory Rate Drops to Below Pre-Recession Levels
DSNews By: Brian Honea With nearly a 30 percent year-over-year decline in June, the nation’s foreclosure inventory rate—the share of residential homes with a mortgage in some state of foreclosure—is at 1.2 percent, the lowest level since 2007, according to CoreLogic‘s June 2015 National Foreclosure Report released Tuesday. The foreclosure inventory rate has now declined year-over-year […]
Presidential Candidates Urged to Address Housing Crisis on Campaign Trail
DSNews By: Brian Honea June 15, 2015 A former U.S. Senator and a former U.S. Department of Housing and Urban Development Secretary combined to urge 2016 presidential candidates to address the issues of a lingering American housing crisis. In a piece published as a Fox News Opinion earlier this week, Scott Brown, a […]
Single-Family Rental Market Experiencing Shift Toward South and Midwest
DSNews By: Xhevrije West CoStar, a research organization, reported that single-family rental (SFR) property acquisition is geographically shifting as home prices stabilize and credit conditions ease. Institutional investors have also become more selective in which properties to buy and are more focused on managing their properties, collecting rents, and improving operations. Morgan Stanley, an investment […]
Pending Home Sales Rise to Highest Level in Nine Years
DSNews by: Xhevrije West The National Association of Realtors (NAR) recently reported in their Pending Home Sales Index (PHSI) that, pending home sales increased in April for the fourth consecutive month and reached their highest peak in nine years. All four major regions saw growth in April, led by the Northeast and Midwest. “The steady […]
Outlook for Housing and Economy Remain Positive Despite Q1 GDP Contraction
DSNews by: Brian Honea In its second of three estimates of real gross domestic product (GDP) growth for the first quarter released Friday, the U.S. Bureau of Economic Analysis (BEA) issued a downward revision of what analysts had already deemed “paltry” growth of 0.2 percent in the advance estimate for Q1 reported at the end of April. […]
