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Author Archives: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.

High Hopes for New Homes in 2015

Looking at the year ahead, Fitch predicts a bounce in both supply and demand for homes as the economy continues to steadily expand and both employment measures and consumer confidence see improvement. With housing starts and new home sales expected to advance, Fitch sees a possibility of higher revenues for homebuilders.

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Economists: Housing Biggest Disappointment of 2014

In a survey of 45 economists conducted by the Wall Street Journal, the panel largely agreed that throughout all of 2014, housing proved to be the weakest link in the economic chain, with weak household formations weighing down on demand and production.

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DocMagic Acquires Doc-Tech Corp.

California's DocMagic, a provider of compliant loan document preparation services, has acquired the assets of Doc-Tech Corporation, according to a company announcement.

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Mortgage Rates Get Slight Boost on Employment Numbers

The average interest rate for a 30-year fixed-rate mortgage (FRM) product was 3.93 percent (0.5 point) for the week ending December 11, Freddie Mac reported Thursday in its Primary Mortgage Market Survey. The average 30-year fixed rate was 3.89 percent a week ago and 4.42 percent this time last year.

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New Home Purchase Applications Plummet

The Mortgage Bankers Association (MBA) monthly survey of loan application volumes at home builders shows new home purchase activity was down 22 percent month-over-month in November, the group said Thursday. Looking at all indicators, MBA estimates new single-family home sales ran at a seasonally adjusted annual rate of 401,000 units last month, a 13 percent drop from the association's October estimate.

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Connecticut Home Sales Up as Prices Keep Falling

Statewide, sales of single-family homes increased 7.0 percent annually in October to a total of 2,379, the Warren Group reported this week. It was the best October sales figure since 2007, when transactions totaled 2,605. The year-to-date sales total came closer to catching up to last year, coming to 21,546—a decline of less than 1 percent.

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Report: Home Price Gains Slower in Millennial Markets

Asking prices on for-sale homes jumped 1.5 percent month-over-month in November, outpacing a pre-revised increase of 1.0 percent in October, according to property data firm Trulia. Examining local market data, Trulia found increases were largely split along age lines, with asking prices rising faster in metros predominantly populated by Gen X, baby boomers, and senior Americans compared to those occupied by more millennials.

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Realtors Urge Lawmakers to Think of First-Time Homebuyers

In a testimony before the Senate Banking Committee's subcommittee on housing, Mabel Guzman, 2014 chair of the National Association of Realtors' (NAR) Conventional Finance and Lending Committee, highlighted some of the biggest challenges constraining homeownership.

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