Quicken Loans, Inc. ranked the highest in terms of customer satisfaction among all primary mortgage servicers for the second consecutive year, according to the J.D. Power 2015 U.S. Primary Mortgage Servicer Satisfaction study released Thursday.
Read More »Homebuilders to Benefit From Looser Lending Standards
Loosening credit standards, demographics, pent-up demand, and attractive affordability and housing valuations are on track to promote a healthier housing market for the rest of 2015 in the homebuilding and construction sectors, according to an analysis from Fitch Ratings released Wednesday.
Read More »Boston Leads Healthiest Housing Markets; Las Vegas Among the Weakest
Many housing markets are still finding their footing following the unforgettable financial crisis and housing market collapse. Recent data from WalletHub found that the housing market is a major driver of economic growth within major cities.
Read More »Pending Home Sales Drop in June After Five Months of Increases
For the first time in 2015, pending home sales declined in June, slowing momentum in the height of the homebuying summer season.
Read More »Analysis Shows That Lenders Overly Restrict Credit
Recent survey data from Fannie Mae's Economic & Strategic Research group found that many mortgage lenders are still applying credit overlays that are stricter than what Freddie Mac, Fannie Mae, or Ginnie Mae require.
Read More »Homeownership Rate Hits Lowest Point Since 1967
According to a report released Tuesday by the Department of Commerce's Census Bureau, this quarter's homeownership rate is the lowest since 1967 and the rate has been on a steady downward fall since 2009 when the rate was 67.4 percent for the second quarter.
Read More »National HPI Increases 4.3 Percent, Showing Positive Housing Indicators
S&P Dow Jones Indices released the results for their S&P/Case-Shiller Home Price Indices on Tuesday, finding that U.S. home prices continued to increase across the country over the last year.
Read More »Cash Sales Share at Lowest Point Since 2008
The share of cash sales in the housing market have dropped to their lowest point since September 2008. According to the CoreLogic July 2015 MarketPulse report, cash sales made up 33.7 percent of total home sales in April 2015, a decrease from 37.4 percent in April 2014.
Read More »National HPI Inches Closer to June 2006 Peak
Black Knight Financial Services' Data and Analytics division released its May 2015 Home Price Index report. The report, which examines residential real estate transactions found that U.S. home prices were up 1.1 percent in May, increasing 5.1 percent on a year-over-year basis.
Read More »Home Prices Recover to Near Pre-Crisis Levels
The Federal Housing Finance Agency recently determined that the U.S. Purchase-only House Price Index has recovered to pre-crisis levels recorded in April 2006, leaving the national index of house prices just 1.8 percent below the peak level of May 2007.
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