Fewer than 1 in 5 Homes Now Underwater

June 12, 2013

Over three-quarters of a million homeowners emerged from being underwater on their mortgages during the first quarter of 2013 and 39 million households now have positive equity in their homes. However, millions of those homeowners are only narrowly in that position. CoreLogic reported Wednesday that 850,000 more homes returned to a state of positive equity […]

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Inflation at 53-Year Low

Consumer prices climbed 1.1 percent in the 12 months through April, according to a measure watched by the Fed that excludes food and fuel — matching the smallest increase since records began in 1960. That’s down from 1.9 percent in the year ended April 2012.

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Homeowner Equity Grows $815 Billion in Q1

The U.S. Department of Housing & Urban Development (HUD) and the U.S. Department of the Treasury have released the May edition of the Obama Administration’s Housing Scorecard—a comprehensive report on the nation’s housing market. Data continue to show important progress across many key indicators—as the annual home price increase is the highest since the housing […]

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Pending Home Sales Rise Slightly in April

June 1, 2013

Pending home sales improved slightly in April and continue to be well above a year ago, according to the National Association of Realtors (NAR). Gains in the Northeast and Midwest were offset largely by declines in the West and South.

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Fixed Rate Mortgages Spike to 3.810%

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing fixed mortgage rates following long-term government bond yields higher, as the average 30-year fixed-rate mortgage (FRM) moved up nearly half a percentage point since the beginning of May when it averaged 3.35 percent, hitting 3.81 percent for the week ending May […]

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REO Sales at 5 Year Low

May 30, 2013

Foreclosure-related home sales retreated to a 21 percent share of all homes sales in the country during the first quarter of 2013. RealtyTrac reported that a total of 190,121 houses that were bank-owned (REO) or in some stage of foreclosure sold during the quarter, down 18 percent from the number of such sales in the […]

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Home Prices Are Booming

May 28, 2013

Standard & Poor’s/Case-Shiller Home Price Indices, a leading measure of U.S. home prices, showed that all 20 cities measured posted boom-time gains in March. Home prices in March rose 10.9 percent from the same month last year, the greatest year-over-year gain in almost seven years.

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