November 21, 2011 (Jeff Alan) Home prices have declined 28.3 percent since the market peak in June 2006 according to Lender Processing Services (LPS) Home Price Index (HPI) for August with Pittsburgh being the only area that has seen its average home price rise since that time. […]
November 21, 2011 (Chris Moore) The inventory of available homes for sale in the United States continued to dwindle in October, falling for the fifth consecutive month, according to the latest data housing of 146 metro areas released by Realtor.com […]
November 21, 2011 (Shirley Allen) Proprietary loan modifications declined by almost 10 percent from August to September according to HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors. Meanwhile, loan modifications through the federal government’s HAMP program surged 58 percent. […]
November 21, 2011 (Shirley Allen) More Americans are paying their mortgages on time, but more of those who didn’t are finding their homes in foreclosure according to the latest “First Look” Mortgage Report released by Lender Processing Services (LPS). […]
November 18, 2011 (Jeff Alan) Closed transactions of home purchases fell 9.8 percent from September to October but were still 9.0 percent higher than in October 2010 according to RE/MAX’s National Housing Report (NHR). […]
November 18, 2011 (Chris Moore) Housing starts remained flat in October but building permits surged by almost 11 percent as permits for multi-family dwellings increased by 30 percent according to the latest data released by the Census Bureau. […]
November 18, 2011 (Shirley Allen) Monthly sales of new and existing homes, along with home prices, declined in California from September to October, but there is a silver lining – average mortgage payments are at an all-time low according to real estate information provider DataQuick. […]
November 17, 2011 (Shirley Allen) Average mortgage rates held steady for another week with both the 30-year and 15-year fixed rate mortgages only increasing by one basis point since last week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending November 17th. […]
November 17, 2011 (Jeff Alan) Monthly default rates on first mortgages rose for the second consecutive month in October according to the latest S&P/Experian Consumer Credit Default Indices, while the default rates on all other types of loans declined during the month. […]
