· Despite the lackluster economic growth experienced in the first half this year. 4.9 percent from one year ago, extending their streak of annual declines.. building starts has trended up.
· Foreclosure starts rose seasonally month-over-month (8.42%) but were down more than 19% year-over-year. The number of loans in active foreclosure continued.
The delinquency + foreclosure rate was 63% back to normal in February 2014, up from 42% one year. New construction starts are just 44% of the way back to normal, down from 45% back to normal one.
Freddie Mac: Mortgage rates remain steady WASHINGTON (AP) – U.S. long-term mortgage rates barely budged this week after marking the biggest drop in nearly four years a week earlier. home borrowing rates remain much higher than they were a year ago. Mortgage giant Freddie Mac said Thursday the average rate on the benchmark 30-year, fixed-rate mortgage held steady at 4.81 percent this week.
The trade associationÃ¢â¬â¢s estimates are closely in line with figures released earlier this week by Lender Processing Services (LPS), which. quarter. A year ago, prime fixed and FHA loans made.
Pending home sales hit two-year high: NAR Ep 75: NAR REach & BoxBrownie.com. Have you heard of NAR's reeach program?. 2019 REALTOR of the year nomination form. Ep 57: Hitting Your (Trade)mark on Social Media. era of super-low mortgage rates is over and consumers will face higher interest rates over the next two years.Bank of America now offering $0 origination fee on certain mortgages Bank of America now offering $0 origination fee on certain. – Bank of America is looking to make its home loans cheaper for borrowers. The bank is now offering mortgages with $0 origination fees in a bid to win the business of borrowers who don’t have a ton of money squirreled away in savings to cover the myriad costs associated with buying a home.
Property Foreclosure Events in Maryland FIRST QUARTER 2017. decreased by 17.9 percent from one year ago.. (the initial document filed by the lender to start the foreclosure process, also called pre-.
· According to Lender Processing Services, the number of newly initiated foreclosures fell in February from January and from one year ago by around 15%. In fact, this marks the 11th straight month in which the level of foreclosure “starts” has fallen, month over month. Is this a sign of recovery?
2012 Calendar Year. Florida had highest Foreclosure Rate in the US for the first time since the housing crisis began. (3.11% of housing units received at least 1 filing) November 2012, compared to US: Florida foreclosure starts in creased 20% from one year ago. 2nd Highest State for # of Filings Highest State for Foreclosure Rate
I’ll be using 250k/5% rate as my baseline housing price throughout this post. Putting 5% down costs you 12,500. Putting 20% down costs you 50,000. If you’re buying in the 250k range there’s a good chance that 37.5k could take another 2 years to save up for. At average growth rates in an average state, you’re paying another 20k for that home in.
· Purchases of new homes surged by 18.6 percent in May. New-home sales rebounded to a seasonally adjusted annual rate (SAAR) of 504,000 in May, following sales of 425,000 in April, and were up 16.9 percent from one year ago. Purchases of new homes rose in May by the biggest monthly gain in 22 years (since January 1992) and to the highest level.