Home >> News >> Data (page 554)

Data

Report Finds that Seven Housing Markets are Overvalued and Four are in Texas

Although home prices have continued to rise at a slow pace for most markets, they are still at normal price levels or undervalued, according to the CoreLogic Market Condition Indicators. However, Mark Liu, principal economist at CoreLogic identified that seven of the top 100 metropolitan markets—four in Texas alone—have been identified as being overvalued, an increase from four markets in October 2014.

Read More »

Millennials Favor Single-Family Homes when Establishing Households

Millennials are leaning toward single-family homes when browsing the housing market. A recent analysis from Fannie Mae titled “Rent or Own, Young Adults Still Prefer Single-Family Homes” determined that householders aged 25-34 were more likely to occupy a single-family home in 2013 than in 2006, during the peak of the last housing cycle.

Read More »

Residential Construction Spending Reaches $359.5 Billion for May

More money is being put into construction to meet constant demand from consumers. The U.S Census Bureau of the Department of Commerce announced today that construction spending for May reached an estimated amount of $1,035.8 billion, 0.8 percent increase from the revised April figure of $1,027 billion. Residential construction was at a seasonally adjusted annual rate of $359.5 billion in May, 0.3 percent above the revised April estimate of $358.5 billion.

Read More »

Research Shows That Borrowers are Seriously Undereducated in Homebuying

Many borrowers are unaware of their homebuying power and are underestimating their mortgage eligibility, according to a recent study by Genworth Mortgage Insurance, a unit of Genworth Financial, Inc. The results showed that 66 percent of the 113 lending executives surveyed feel that many borrowers who are eligible for mortgages do not feel that they can realistically purchase a home.

Read More »

Index Finds that Nine Cities Report Faster Home Price Increase for April

Home prices have continued to rise across the country in April 2015 and for the last 12 months at a moderate pace, according to the results from the S&P/Case-Shiller Home Price Indices released today. The Case Shiller Index, which covers all nine U.S. census divisions, posted a 4.2 percent annual increase in April 2015, compared to a slightly higher 4.3 percent increase in March 2015.

Read More »

Data Reveals Stabilization Among Mortgage Fraud Risk

Interthinx, Inc., a subsidiary of First American Financial Corporation and a leading provider of comprehensive risk mitigation solutions for the financial services industry, has released its annual interactive Mortgage Fraud Risk Report, which includes data collected in 2014 from loan applications processed by the Interthinx FraudGUARD system. The report found that the 2014 Annual Mortgage Fraud Risk Index value decreased by 4 percent from 2013 to 100.

Read More »

Washington Leads Home Prices Gains, While Arkansas has Lowest Gains

Black Knight Financial Services, a provider of integrated technology, data, and analytics solutions that facilitate and automate many of the business processes across the mortgage life cycle Data & Analytics division released its Home Price Index (HPI) today finding that U.S. home prices were up 1 percent for the month of April, rising 4.9 percent on a year-over-year basis.

Read More »

Mortgage Originations Climb for First Quarter of 2015

Mortgage originations have seen tremendous growth this year, according to Equifax's National Consumer Credit Trends Report. The report found that mortgage origination balances reached $466 billion in the first quarter, a 74.4 percent increase from the same time a year ago. First mortgages increased 79.9 percent compared to the first quarter of 2014 to $430 billion, leading this growth spurt. Meanwhile, originations of home equity lines of credit (HELOCs) increased 30 percent to $30.9 billion and new home equity installment loans climbed 13.6 percent to $5 billion.

Read More »

Report Finds Supply & Demand Growth is Driving Housing Market to New Highs

price

Healthy demand and 4 percent month-over-month growth in supply are pushing housing markets to their best position since 2006, maintaining their springtime momentum and increasing sales in June 2015, according to Realtor.com’s ‘Advance Read on June Trends’ released today. Realtor.com also listed markets that receive double or triple the amount of views per listing on the site compared to national average.

Read More »