Friday, June 2, 2017

Movement Mortgage premieres zero down mortgages for first-time homebuyers

Movement Mortgage premieres zero down mortgages for first-time homebuyers: Movement Mortgage announced a new down payment assistance program for first-time homebuyers that allows borrowers to put nothing down on a home. In order make this happen, the lender said it will provide grants up to 3% of a home's sales price, thus creating 97% conventional financing.

Tuesday, May 30, 2017

Home prices jump nearly 6% in March

Case-Shiller shows home prices jump nearly 6% in March: Home prices increased once again in March, hitting the highest pace in almost three years. Experts point out that while prices cannot rise indefinitely, there is no way to tell when rising prices and mortgage rates will force a slowdown in housing.

Thursday, April 27, 2017

Lack of housing supply slows pending home sales in March

Lack of housing supply slows pending home sales in March: Pending home sales dipped slightly in March as low levels of housing inventory created a strain on the market. Low inventory levels are not only holding back home prices, but also creating more competition and increasing home prices. The National Association of Realtors forecasts the rate of home sales for 2017.

Friday, April 14, 2017

Here’s what these companies are doing to increase Hispanic homeownership

Here’s what these companies are doing to increase Hispanic homeownership: Hispanic homeownership continues to fuel the growth of the U.S. housing market, and now several companies have joined the Hispanic Wealth Project with the goal of tripling Hispanic household wealth by 2024. Here is what several companies pledged to do in 2017 to meet that goal.

Wednesday, April 12, 2017

MBA: Despite flat mortgage apps, purchase loan size reaches new high

MBA: Despite flat mortgage apps, purchase loan size reaches new high: Despite another quiet week for mortgage applications overall, average purchase application loan size managed to post a new high, continuing recent trends. As a whole, mortgage applications increased 1.5% from one week earlier. Here’s how the rest of the data came in.

Monday, March 27, 2017

Trulia: Housing inventory tumbles to all-new low

Trulia: Housing inventory tumbles to all-new low: Housing inventory decreased in the first quarter of 2017, hitting an all-new low. But while inventory for starter and trade-up homes is shrinking, premium home inventory is increasing. Trulia explains the reasons for the dwindling inventory, and the new threat rising home prices impose.

Wednesday, March 22, 2017

Experts: Don’t read too deep into February’s existing home sales drop

Experts: Don’t read too deep into February’s existing home sales drop: Existing home sales came in lowest in February, however experts caution against determining a new trend based on just one month. In fact, they continue to predict a strong home-buying season this spring despite rising home prices, higher interest rates and decreasing inventory.

Monday, March 6, 2017

Homeowners tell all – bigger isn’t always better

Homeowners tell all – bigger isn’t always better: Homeowners aren’t satisfied with the size of their home, as bigger isn’t always better. Trulia’s new survey shows that the larger the homebuyer’s current home, the more likely they are to want to downsize. However, this varies widely between generations.

Tuesday, February 28, 2017

Case-Shiller: Home prices set 30-month high in December

Case-Shiller: Home prices set 30-month high in December: Home prices rose to their 30-month high in December and at their fastest pace in over 2.5 years, according to the latest Case-Shiller results. The Indices’ chairman explains why rates are rising so rapidly and if the speed of increase is a reason for alarm.

Friday, February 24, 2017

New home sales are up, but pace disappoints

New home sales are up, but pace disappoints: New home sales increased in December, but industry experts are not impressed. Given the unusually high temperatures throughout the winter and the high demand for housing, experts expected new home sales to come out with much stronger numbers.

Tuesday, May 10, 2016

Foreclosures, seriously delinquent mortgages fall to lowest level since 2007

Foreclosures, seriously delinquent mortgages fall to lowest level since 2007: The number of homes in some stage of foreclosure and the number of seriously delinquent mortgages are now at levels not seen since late 2007, according to a new report from CoreLogic. What's behind the drop? Read on to find out.

Tuesday, April 19, 2016

Lack of inventory hindering housing recovery

Lack of inventory hindering housing recovery: While the housing market continues to make steady gains, the lack of inventory keeps it from a full recovery. And to make it more difficult, the lack of construction workers isn't helping either.