With fluctuations in rental and owner markets over the past few years, it can be difficult to determine whether one is better off renting or owning. In Manhattan, renting is currently the more financially viable option, according to a new study by the Federal Reserve Bank of New York.
Read More »Redfin: More Buyers Expect Price Gains, Few Concerned over Fiscal Cliff
The number of homebuyers who think the price recovery will continue through 2013 has more than doubled throughout 2012.
Read More »Prices Continue to Climb in October, Denver Shows Biggest Improvement
The latest Residential Price Index (RPI) report from FNC, Inc., shows property values continued to improve in October on the national level. Home prices were up 0.4 percent in October, marking the eighth consecutive month of price increases. Year-to-date, prices have appreciated at a rate of 5.1 percent. According to FNC, October's price gains falls "in line with indications of continued expansion in economic activity and better employment rates in recent months."
Read More »FDIC Reports 51st Bank Failure of 2012
Sunset Beach, Missouri, was the site of this year's 51st bank collapse as the Missouri Division of Finance shut down the Community Bank of the Ozarks. According to a release from the FDIC, Community Bank of the Ozarks had approximately $42.8 million in total assets and about $41.9 million in deposits as of September 30. The Bank of Sullivan (Sullivan, Missouri) will be picking up all of the deposits and will purchase essentially all of the assets.
Read More »California Home Sales Drop, Median Price Improves
Home sales in California displayed a typical seasonal decline in November and fell month-over-month, but the median price posted both monthly and yearly gains, San Diego-based DataQuick reported. About 37,481 new and existing homes were sold in November, representing a 4.5 percent decline from October, but a 14.7 percent increase from November 2011, according to DataQuick.
Read More »FHFA Deputy Director to Retire from Agency in 2013
Federal Housing Finance Agency (FHFA) deputy director Stephen Cross will retire from his post in March 2013, according to an announcement from acting director Edward DeMarco. Cross has served as FHFA's deputy director of the Division of Federal Home Loan Bank Regulation since the agency's creation in 2008.
Read More »Capsilon Brings on New Executive to Expand Sales Efforts
Capsilon, a San Francisco-headquartered provider of cloud-based document sharing, imaging, and collaboration solutions for lenders, announced David Hanafee has joined its executive team as VP of worldwide sales.
Read More »FHA Announces 2013 Loan Limits
The Federal Housing Administration (FHA) has released its mortgage loan limits for 2013.
Read More »Trulia: 31% of Renters Plan to Purchase in Next 2 Years
The desire for homeownership is still strong in young renters, according to a survey released by Trulia.
Read More »Independent Mortgage Bankers See Increased Volume, Profits
Independent mortgage bankers are seeing increasing origination volumes and profits, according to a report by the Mortgage Bankers Association (MBA).
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