The Wholesale Lending Division of Carrington Mortgage Services, LLC announced the appointment of industry veteran Rey Maninang to SVP and national sales director for the company's wholesale channel.
Read More »Builders Continue to Gain Confidence in 55+ Market
NAHB's 55+ Housing Market Index (HMI)--a measure of builder confidence in that particular market sector--increased 24 points over the same period last year.
Read More »Warren Group Adds to Offerings with Building Permit Database
The Warren Group, a collector of public record data on real estate sales, financing, and ownership, has added a new building permit database to its data suite.
Read More »Second Quarter Sees Prices Rising in 87% of Metros
The national median home price showed its strongest year-over-year gain in more than seven years last quarter, according to the latest quarterly report from the National Association of Realtors (NAR). NAR's data shows the median price of an existing single-family home increased 12.2 percent year-over-year to $203,500--the largest improvement since Q4 2005. Prices were boosted by shrinking market share of lower-priced homes and distressed sales (which accounted for 17 percent of last quarter's sales).
Read More »New Home Purchase Applications Up in July
According to a recent survey conducted by the Mortgage Bankers Association (MBA), applications for new home sales are on the rise.
Read More »FHFA Seeks Input on Reducing GSE Multifamily Presence
The Federal Housing Finance Agency (FHFA) put out a release asking for public input on strategies for scaling back the GSEs' presence in the multifamily housing finance market in 2014.
Read More »Economists Revise Home Value Forecasts
Home values are on track to reach more than $167,000 by the end of 2013, according to economists and real estate experts surveyed by Zillow and Pulsenomics. According to Zillow, respondents predicted median home values will rise to $167,490 by the end of this year, a gain of 6.7 percent over 2012. The forecast is a significant jump from the 5.4 percent annual increase expected in the last quarterly survey. Based on current expectations, panelists on average predicted home values could approach new record highs by 2017.
Read More »Commentary: Solving the Wrong Problem
"GSE reform," according to White House propaganda, will end "an era of housing bubble and taxpayer bailouts." Obama's about the bubbles and bailouts, but wrong to blame Fannie and Freddie.
Read More »Former PNC Mortgage President Elected to Freddie Mac Board
Saiyid T. Naqvi, former PNC Mortgage president and CEO, has been elected as a director on Freddie Mac's board, the company announced.
Read More »Freddie Mac Maintains Positive Outlook for Multifamily Market
In its mid-year multifamily outlook for 2013, Freddie Mac notes that multifamily market fundamentals such as rents and vacancies continue to improve, with New York, San Francisco, Denver, Seattle, and Los Angeles all seeing marked growth. At the same time, supply presents a problem, the analysts said. While starts have seen growth over the last several years, completions are still lagging, and the gap between the two measures continues to grow wider.
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