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Business Outlook Archive


Low Down Payment Drop: Share of Buyers Lands at 11-Year Low

Those using low down payment plans dropped last year, according to recently released news from RealtyTrac, who analyzed the size of down payments on nearly 20 million purchase loans for single family homes and condos nationwide from 2004 through 2014. ...


Mortgage Applications Dip 13.2 Percent

Mortgage applications decreased 13.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 13, 2015. ...


National Housing Report: Home Sales Start at a Slower Pace

Like last year, 2015 home sales are starting the year at a slower pace. January home sales were 3.9 percent lower than sales in January 2014, according to the January RE/MAX National Housing Report. Last year, sales improved dramatically during the spring ...


Mortgage Rates Move Higher on Strong Jobs Report

Average fixed mortgage rates are moving higher amid a strong employment report, according to the results of Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). Regardless, fixed-rate mortgage rates still remain near their May 23, 2013 lows. ...


Factors for Improving Home Sales

Nearly every factor generally associated with home sales has been turning for the better. We have more jobs, a growing population, rising rents, additional inventory choices, record-high household net worth, and exceptionally low mortgage rates. On top of these trends, ...


Quicken Loans Study Shows Appraiser and Homeowner Opinions in January Nearly Equal

Detroit-based Quicken Loans, the nation’s second largest retail mortgage lender, this week reported its Home Price Perception Index (HPPI) narrowed in January, showing that appraisers’ opinions of home values were only 0.18 percent higher than homeowners’ estimates, according to the index’s national composite. ...


Study: More People Drawn to Bright Lights, Big Cities

According to a report recently published by a new think tank, City Laboratory, more young professionals are opting for the cities over the suburbs. This has historically been the trend, but new data shows that this desire for urban real estate has skyrocketed ...


Nearly Half of Young Millennials Boomerang

Recent analysis of a survey of a segment of millennials, those born between 1980 and 1984, found that 90 percent moved out of their parents’ household by age 27. Of those moving out, however, over 50 percent returned. This return is sometimes referred ...


Facing the Future of the Internet Together

A Greek philosopher famously insisted that nothing is permanent except change. That statement couldn’t be truer today, especially in the real estate industry. Change is a double-edged sword: It creates new opportunities, but also introduces new challenges. ...


Builders Remain Confident in the 55+ Housing Market

NAHB’s 55+ Housing Market Index (HMI) shows that builders continue to feel positive about the market. The sentiment indices were higher year-over-year for all segments of the 55+market—single-family homes, condominiums and multifamily rental. The single-family index increased six points from the fourth quarter of 2013, to 54—the highest fourth-quarter reading ...


One in Four U.S. Foreclosures Are ‘Zombies’ Vacated by Homeowner

RealtyTrac® recently released its Q1 2015 Zombie Foreclosure Report, which found that as of the end of January 2015, 142,462 homes actively in the foreclosure process had been vacated by the homeowners prior to the bank repossessing the property, representing 25 percent of ...


New Study Finds Price Premium for Solar Homes

A study conducted by a team of researchers,  led by the U.S. Department of Energy’s Berkeley Laboratory, found that homebuyers are willing to pay more for homes that have installed solar photovoltaic (PV) energy systems. The research (Selling into the Sun: ...


Effective Rate on New Home Loans Continues Downward Drift

On average, the contract rate on conventional mortgages used to purchase newly-built homes, remained a constant 4.03 percent in December, according to data released yesterday by the Federal Housing Finance Agency (FHFA). However, initial ...


Ranked: Best U.S. Markets for Buying Residential Rental Property

RealtyTrac® recently released its Q1 2015 Residential Property Rental Report, which ranks the best markets for buying residential rental properties in the first quarter of 2015. The report also looks at which markets are seeing the biggest increases in rental rates in 2015 ...


Mortgage Rates Make First Weekly Gain of 2015

(TNS)—Fixed mortgage rates this week rose for the first time in 2015, with Freddie Mac’s widely watched survey pegging the 30-year conventional rate at 3.66 percent, up from 3.63 percent last week. ...


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