June 23, 2011 (Jeff Alan) The Federal Housing Finance Agency (FHFA) reports that home prices rose 0.8 percent from March to April according to the agency’s June House Price Index (HPI). Since the market’s peak in April 2007, the HPI has dropped 19.3 percent leaving prices at roughly January 2004 levels. […]
June 23, 2011 (Shirley Allen) The Department of Housing and Urban Development (HUD) has announced they will speed disaster relief assistance to the state of Montana, providing support to homeowners and low-income renters who have been forced from their homes due to the recent severe weather and flooding that swept through the state in late [...]
June 23, 2011 (Chris Moore) The current residential shadow inventory declined to 1.7 millions units in April 2011 from 1.9 million units reported in April 2010 according to real estate information provider CoreLogic. The decline was attributed to fewer new delinquencies and a higher level of distressed property sales. […]
June 22, 2011 (Shirley Allen) According to the data collected on June 21, 2011, for LendingTree’s Weekly Mortgage Rate Pulse, average home loan rates offered by network lenders was 4.70 percent (4.92% APR) for 30-year fixed mortgages, which is up from 4.67 percent reported the previous week, 3.95 percent (4.30% APR) for 15-year fixed mortgages, [...]
June 22, 2011(Chris Moore) The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 17, 2011. The Market Composite Index, a measure of mortgage loan application volume, decreased 5.9 percent from the previous week as a rise in interest rates causes mortgage applications to lose steam. […]
June 22, 2011 (Jeff Alan) Bay Area home sales and prices posted modest gains in May compared to April, but were sharply below the levels experienced in May 2010, which were inflated due to the surge in sales caused by the end of the first-time homebuyers tax credit, according to information collected by DataQuick. [...]
June 22, 2011 (Shirley Allen) Mortgage delinquency rates and foreclosure inventories continued to show signs of stabilization in May as both categories experienced slight declines from April to May according to the latest “First Look” Mortgage Report released by Lender Processing Service (LPS), which is derived from its loan-level database of nearly 40 million loans. [...]
June 22, 2011 (Shirley Allen) The Department of Housing and Urban Development (HUD) has announced they will speed disaster relief assistance to eight counties in Vermont, providing support to homeowners and low-income renters who have been forced from their homes due to the recent severe weather and flooding that swept through the area in late [...]
June 21, 2011 (Chris Moore) Existing home sales declined in May according to the latest report released by the National Association of Realtors (NAR). Completed transactions that include single-family homes, townhomes, condominiums, and co-ops declined 3.8 percent from April to May 2011. […]
