Home prices edged up again in November as markets across the nation climbed a little closer to their pre-crash peaks--and others pushed up past them. The latest Home Price Index (HPI) report from Black Knight Financial Services (BKFS) shows prices rising in November to a national index value of $232,000, up 0.3 percent from October. Coming out strong were Texas and Colorado, which climbed to $186,000 and $257,000, respectively--well above the levels they experienced during last decade's bubble.
Read More »Inclement Weather, Higher Prices Weigh Down New Sales
New home sales softened for the second straight month in December, falling well short of expectations as harsh weather and declining affordability turned potential buyers off.
Read More »LRES Announces New VP of Sales
Sixteen-year mortgage industry veteran John Coughlin has joined LRES as its new VP of sales, the asset management and valuations company announced.
Read More »Oklahoma Bank Closes Doors in Second Collapse of 2014
FDIC announced the closure of an Oklahoma bank over the weekend, marking the first insured collapse in the Sooner State in more than a year and a half.
Read More »Analyst: Homebuilders to Become More Active in Hard-Hit Markets
Ever since home prices bottomed out, increases in Nevada, Arizona, California, and Florida have outpaced the country. At the same time, however, homebuilding has remained "very subdued."
Read More »Freezing Conditions Keep Competition Down in December
According to Redfin's most recent Real-Time Bidding Wars report, 52.0 percent of offers made by the company's agents faced competition last month, down from 52.8 percent in November and 62.4 percent a year earlier. Competition plummeted in the Northeast, which experienced "[p]articularly frosty weather" in the year's final month. Instances of competing offers dropped most in Boston and Baltimore, falling 19.7 and 13.5 percentage points, respectively.
Read More »Tight Inventory, Steep Price Gains Begin to Wane
Last year's housing market was defined by two distinguishing factors: low inventory and rising prices; but both trends began to ease at the end of the year.
Read More »Michigan Brokerage Joins Berkshire Hathaway Network
Prudential Snyder & Co., Realtors is now operating in the Berkshire Hathaway HomeServices network, the company announced.
Read More »Secondary Business Increases at Freddie Mac
Freddie Mac's mortgage business grew--albeit slowly--in December, capping the year with an overall negative growth rate.
Read More »ALAW Appoints VP, New Partners
ALAW, a legal services provider for the mortgage banking industry, named Clay A. Cornett VP of sales for the firm and its related technology entities. Cornett has also been named a partner along with Christina Liepold and Michael Barron.
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