Fifteen years into an unplanned second career as a real-estate developer, Steve Nygren has timed his latest project perfectly. Nygren is the cofounder and developer of Serenbe, a visionary New Urbanist community in Chattahoochee Hills, outside Atlanta. Since breaking ground in 2004, Serenbe has grown to include two villages of about 500 residents.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 1.3 percent to 111.3 in July from a downwardly revised 109.9 in June and is now 1.4 percent higher than July 2015 (109.8). The index is now at its second highest reading this year after April (115.0).
According to the Mortgage Bankers Association’s Quarterly Mortgage Bankers Performance Report, independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,686 on each loan they originated in the second q
Each month the Black Knight HPI reports five price levels (quintiles), along with REO discount rates, for 18,000+ U.S. ZIP codes. Findings are available with or without seasonal adjustments, although all numbers that follow have not been seasonally adjusted.
On Friday morning, Metrostudy released its second quarter 2016 Home Building Outlook, which details housing construction trends nationwide. The Home Building Outlook is the platform for Metrostudy’s national and local forecasts, spotlighting the Top 100 Housing Markets across the United States.
Borrowers with a high loan-to-value ratio mortgage received some welcome news on Thursday morning when the Federal Housing Finance Agency announced that it plans to extend the Home Affordable Refinance Program into 2017 and unveiled a new refinance program that will take HARP’s place once it expires.
These programs apply to borrowers whose loans are owned by Fannie Mae and Freddie Mac, but what about struggling borrowers whose loans are insured by the Federal Housing Administration?
The Federal Housing Finance Agency announced it extended the Home Affordable Refinance Program until Sept. 30, 2017 in order to create a smoother transition period for a new refi product it is planning to launch toward the end of 2017.
According to the FHFA, Fannie Mae and Freddie Mac will implement a new refinance offering aimed at borrowers with high loan-to-value ratios.
“Mortgage originations rebounded last year,” writes Molly Boesel, senior economist for CoreLogic, in the report, which shows that refinances increased 29% compared with 2014 (dollar volume increased 44%), while purchases increased 13% (dollar volume increased 18%).
Statewide pending home sales rose in July on a seasonally adjusted annualized basis, with the Pending Home Sales Index (PHSI)* increasing 3.5 percent from 118.4 in July 2015 to 122.5 in July 2016, based on signed contracts. Pending sales have been on a rising trend for the
According to the latest estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, new home sales in July were at a seasonally adjusted annual rate of 654,000, which is up 31.3% from July 2015. This is also 12.4% above the revised June rate of 582,000.
One of the struggles that slows down my own reporting and analysis is understanding what type of chart to use -- and why. That's because choosing the wrong type of chart or simply defaulting to the most common type of visualization could cause confusion with the viewer or lead to mistaken data interpretation.
In a huge warehouse just outside downtown Los Angeles, a startup turns recycled shipping containers into vertical farms. A new digital tour shows what the farms, which are each equivalent in size to a four-acre outdoor field, look like inside.
It wasn’t too long before John figured out that Chris was trying to recruit him to his “camp” in internecine office politics and from that conversation on, John was on guard — not trusting some of his other new colleagues and being careful what he said about the loquacious veteran. In the end, John says, Chris “actually helped me avoid some landmines,” but it was a rattling start to the new position.
It might be difficult to imagine, nearly 50 years after the Beatles broke up, that there would be anything new to say about one of the most celebrated and documented bands of all time. But Ron Howard insists that there is.
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported an annual increase of 5.1% in June, unchanged from the month before. The 10-City Composite increased 4.3%, slightly less that May’s 4.4% increase. Similarly, the 20-City Composite increased 5.1% annually, down from May’s increase of 5.3%.
Clareity Security, a leading provider of cutting edge software for real estate organizations, is pleased to announce that Greg Manship has joined the company as Senior Vice President of Operations. In his new position, Greg will lead product development and the implementation and support of all Clareity products including the newly launched Broker Dashboards.
Borrowers who use the U.S. Department of Agriculture’s Rural Housing Service to get a mortgage could soon pay significantly less for their loan, as the USDA announced that it is about to cut its loan fees for lenders who use the USDA’s Single Family Housing Loan Guarantee Program.
In an announcement sent to lenders this week, the USDA said that it plans to cut the fees it charges lenders both its upfront guarantee fee and its annual fee beginning on Oct. 1, 2016, the first day of fiscal year 2017.
On first blush, it may be hard to believe that after four years of growth, the market is still not back to pre-recession highs. But that kind of hot-take reaction ignores both the length and depth of the housing recession, and the strength of the boom that preceded it. Between April 1997 and August 2008, home values grew year-over-year for 125 consecutive months, more than a decade of continuous growth. And between September 2007 and July 2012, home values fell year-over-year for 59 straight months – almost five straight years of declines.
Total existing-home sales 1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 3.2 percent to a seasonally adjusted annual rate of 5.39 million in July from 5.57 million in June. For only the second time in the last 21 months 2, sales are now below (1.6 percent) a year ago (5.48 million).
In Google Search, our goal is to help users quickly find the best answers to their questions, regardless of the device they’re using. Today, we’re announcing two upcoming changes to mobile search results that make finding content easier for users
"Although final implementation of the new loan application is still more than a year away, and the application must still undergo "safe-harbor" review by the Consumer Financial Protection Bureau, we anticipate that publication of the redesigned form now will give the industry ample time to analyze and prepare for its use in 2018,” Watt said.
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