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Tag Archives: Housing Market

Home Prices Up 4 Percent from Last Year

U.S. home prices for February were up by 4.6 percent year-over-year and 0.7 percent for the month, according to a home price index (HPI) report released by Black Knight Financial Services this morning. This is the largest monthly gain in home prices since June of last year.

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Economists Expect Housing to Move Steadily in 2015, Pick Up Pace Next Year

The housing market will move steadily in 2015 driven by solid labor market improvements, low mortgage rates, an economy that is growing, and pent-up demand–but the pace should really pick up next year, according to economists who attended the National Association of Home Builders (NAHB) 2015 Spring Construction Forecast Webinar earlier this week.

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Freddie Mac: Index Shows Most Metro Housing Markets Are Improving

bubble

The most improved states in the last three months were Oregon, Michigan, Florida, California and Kentucky, with Oregon jumping more than 2 percent. And on a year-over-year basis, Nevada, Colorado, Florida, Oregon and Rhode Island saw the biggest increases. In fact, since this time last year, MiMi values for Nevada have improved more than 11 percent.

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Study Finds Population Growth Influences Home Values

The three fastest-growing areas of the country were largely immune from the effects of the housing crisis, leading Massachusetts-based Pro Teck Valuation Services to conclude that population growth is a strong indicator of home values, according to a report the company released Wednesday.

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Return Buyers Are Expected to Give Housing Market a Boost

Approximately 350,000 borrowers eligible for re-purchase are currently unable to do so due to tight financial markets, and as many as 260,000 borrowers may never return to homeownership at all, the report says, because their former loans were backed by loose lenders.

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Slow Q1 Does Not Change Fannie Mae’s 2015 Forecast for Economic Growth

Purchase mortgage applications rebounded sharply in April from a recent slowdown, reaching their highest level in almost two years, marking the second monthly surge in purchase apps this year. Combined with continued low mortgage rates, the rise in purchase apps could indicate a strong homebuying season in the spring and summer.

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Housing Market ‘Steady to Improving’ Across Most Fed Districts in Beige Book

Fed

Most Fed districts reported improvement in residential real estate, namely Cleveland, Richmond, Chicago, Minneapolis, Kansas City, Dallas, and San Francisco. The remaining districts reported steady residential real estate activity, except for New York, which said conditions were softening. Construction activity slowed in Philadelphia, Cleveland, Atlanta, and Dallas due to harsh winter weather conditions.

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