Home >> Headlines (page 423)

Headlines

Half of Millennial Buyers Plan to Seek Help from Parents

According to a consumer survey conducted by Trulia, 60 percent of American adults age 18–34 say a lack of savings, poor credit, and severe debt stand between them and homeownership. As a result, 50 percent would have to ask for help from their parents or grandparents to put together enough money to clear the initial hurdle of making a down payment.

Read More »

Home Price Gains Slow to 14-Month Low

CoreLogic reported continued gains in its latest Home Price Index (HPI), though the latest growth was the lowest in the last 14 months. Including distressed sales, the company recorded a 10.5 percent year-over-year increase in its index, marking 26 consecutive months of yearly gains. Nationally, prices are expected to rise by 6.3 percent by next April, further slowing to what analysts say should be a more sustainable pace.

Read More »

Maryland Sees 9th Bank Collapse of 2014

Following a prior collapse in Ohio, FDIC announced over the weekend the closure of another bank: Slavie Federal Savings Bank of Bel Air, Maryland, has been closed. The agency entered into a purchase and assumption agreement with Bay Bank, FSB of Lutherville, Maryland, to assume all the deposits of the recently shuttered Slavie Federal Savings Bank.

Read More »

Economists Forecast Moderating Price Gains

In a survey of 31 economists, Reuters arrived at a median forecast of price growth of 7.5 percent this year, down significantly from the 13.4 percent improvement recorded in the S&P/Case-Shiller 20-city index last December. The survey also found that, despite concerns from some analysts of overheating as price gains far outpace the historical average, the median judgment of economists surveyed is that the housing market is situated right in the middle between extremely overvalued and extremely undervalued.

Read More »

Majority of Americans Believe Housing Crisis Isn’t Over

In its second annual survey of housing attitudes, the MacArthur Foundation found 51 percent of American consumers still believe the country is in the midst of its housing crisis, while another 19 percent believe the worst is yet to come. Only 25 percent said they believe "the housing crisis is pretty much over." At least part of that pessimism stems from challenges related to housing affordability in today's economy.

Read More »

18% of Americans Say Owning a Home Not Worth Risk

A poll conducted by the National Foundation for Credit Counseling (NFCC) shows 18 percent of respondents are not willing to assume the risks and obligations associated with taking out a mortgage loan. NFCC says the findings are consistent with the Census Bureau's latest household data showing a national homeownership rate of 64.8 percent in the first quarter—a 19-year low.

Read More »

Prices Fully Recovered in One-Third of Top U.S. Markets

Homes.com released its Local Market Index for March, recording year-over-year price gains in all 100 of the country's top markets and in each of the additional 200 midsize markets surveyed. The most recent increases brought another handful of markets up to a full recovery, with a total of 102—35 of the largest and 67 midsize—rebounding completely. Another 57 percent of surveyed markets have come back at least halfway from their lowest recessionary price.

Read More »

Bay State Home Sales Down in April

April sales of Massachusetts single-family homes dropped 2.3 percent compared with the same month last year, according to the latest from the Warren Group. Timothy M. Warren Jr., CEO of the Warren Group, said, "[I]t is a bit of a surprise that we are not seeing more forward momentum," but also noted while these sales might have "closed in April ... the buyers were shopping and negotiating back in February, the middle of a brutal winter."

Read More »

Fannie’s Book Shrinks for Fifth Straight Month

Fannie Mae's book of business shrank again in April, continuing an uninterrupted streak of declines that started at the end of 2013. According to the enterprise's volume summary report, the book's total value contracted in April at a compound negative growth rate of 2.7 percent. As of April 30, the book's value was an estimated $3.14 trillion.

Read More »

GET THE NEWS YOU NEED, WHEN YOU NEED IT.

With daily content from MReport, you’ll never miss another important headline in originations, lending, or servicing. Subscribe to MDaily to begin receiving a complimentary daily email containing the top mortgage news and market information.