Loans refinanced through the Home Affordable Refinance Program held steady for the second quarter of 2015. According to the Federal Housing Finance Agency's Refinance Report, the total number of loans refinanced through HARP in the second quarter was nearly the same as the number recorded in first quarter.
Read More »Pending Home Sales Rise Moderately In July
Pending home sales increased slightly in July for the sixth time in seven months, according to the National Association of Realtors. The Pending Home Sales Index increased 0.5 percent to 110.9 in July from an upwardly revised 110.4 in June.
Read More »Texas Leads Healthiest Housing Markets
Although the housing market was one of the main drivers of the crisis on the U.S. economy, the housing sector has made significant recovery and cities are beginning to find their footing in the market again.
Read More »Affordability Remains Unshaken By Home Price Increases
Despite home price increases over the last three years, homes are still affordable by historical standards, according to the Urban Institute's Monthly Chartbook: Housing Finance At A Glance.
Read More »Housing Market Strong Enough to Bear Fed Rate Hike, Poll Suggests
As the housing market strengthens, many economists believe that it could withstand an interest rate hike by the Federal Reserve this year, pending stabilization among home prices.
Read More »June Housing Market Indicators Highest Since 2008
Multiple market indicators show solid strong stabilization within housing in June, mostly due to employment and current mortgages, according to Freddie Mac's Multi-Indicator Market Index. Housing markets are the strongest they have been since 2008, with the national MiMi surpassing 80 in June. Freddie Mac attributes most of this positive growth to a surge in jobs and mortgages that are kept current in nearly all metros.
Read More »Housing Demand Lowers Amid Buyer Disinterest & Price Limitations
As buyers reach their price limits and show less interest in homes, housing demand lowered for the fourth consecutive month. According to Redfin's Housing Demand Index, homebuyer activity fell 5 percentage points from 113 in June to 108 in July.
Read More »Single-Family Renters May Be More Motivated to Become Homeowners Than Those in Apartments
Fannie Mae's new research released Tuesday indicates that people living in single-family rental properties (a house, townhouse, or condo) may be more likely to buy a home than those living in apartments.
Read More »Home Prices Rise in Q2, While July Home Values Decline
Home prices in the U.S. rose 1.2 percent in the second quarter of 2015 for the 16th consecutive month, while home values lowered in July for the first time in four years.
Read More »Fed Rate Increase Questionable Among Recent Stock Market Losses
Monday's stock market performance brought about some anxiety among big U.S. businesses and other stakeholders while the Dow Jones dropped by 1,000 points and spent the rest of the day fighting its way back toward the break-even point.
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