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Potential existing-home sales decreased to a 5.8 million seasonally adjusted, annualized rate (SAAR). This represents a 92.5 percent increase from the market potential low point reached in December 2008. In December, the market potential for existing-home sales grew by 2.9 percent compared with a year ago, an increase of 164,000 (SAAR) sales.
First American: Mortgage rates champion growth in potential existing home sales Alcynna Lloyd is a reporter at HousingWire. Lloyd has a degree in broadcast journalism from the University of North.
Fannie Mae unveils new forbearance program for unemployed Mortgages that have been pooled into mortgage-backed securities are a special case in the Forbearance Relief program of Fannie Mae and Freddie Mac. Homeowners whose mortgages have been included in MBS may qualify for up to six months of forbearance, but only if the pools were issued from June 1, 2007 to December 1, 2008.
Mortgage. on changing rates (or anything else) today, but there’s always some curiosity surrounding their choice of words. Today’s announcement was right down the middle, and rates were.
Zillow launches new Premier Agent App for mobile devices Zillow launches free 3D home tours for all real estate listings. Robots take over real estate – now giving guided property tours. Zillow launches new Premier Agent App for mobile devices.
-Demand for existing homes is strong, but one can’t buy what’s not for sale. Declining mortgage rates could be the factor that moves the needle for those that still feel rate-locked in, says Chief Economist Mark Fleming- First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions.
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First American: Mortgage rates champion growth in potential existing home sales In April, potential existing-home sales increased 0.1% from the previous month, according to First American’s Potential Home Sales Model.
Existing-home sales were 6.5 percent below the market’s potential for existing-home sales, according to our Potential Home Sales Model," said Mark Fleming, chief economist at First American.
"It goes without saying that condominiums are often the most affordable option for first. existing home sales report, June condominium and co-op sales were recorded at a seasonally adjusted.
“Tepid home sales have. “Price growth continues to be faster for lower-priced homes, as first-time buyers and investors are both actively seeking entry-level homes,” Nothaft said. “With incomes up.
The company’s Potential Home Sales model for July showed the market for existing home sales continues to underperform its potential by 1.3 percent or an estimated 92,000 seasonally adjusted, annualized rate of sales, an improvement over last month’s revised under-performance gap of 1.8 percent, or 104,000 sales. First American said in July, the.
"The post-election ‘Trump Bump’ in long-term U.S. treasury yields that triggered mortgage rates to rise above 4 percent, as well as the increase in the Federal Funds rate last week, will likely have a modest cooling impact on potential home sales heading into 2017.