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Tag Archives: Investors

Pace of New Home Sales Climbs to Five-Year High

The seasonally adjusted annual rate of sales welled 8.3 percent in June to 497,000, according to a report from the Census Bureau and HUD. Economists surveyed by Bloomberg expected June sales to increase to 484,000 from May's originally reported 476,000. The median price of a new home fell 5.0 percent in June to $249,700, the third time the median price has dropped in the last four months. At the same time, May's median price was revised down to $262,800 from the originally reported $263,900.

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Investor Activity Down as Current Homeowners Step Up

Among three buyer types--current homeowner, first-time homebuyer, and investor--current homeowners were the only group to see activity rise in June, according to data from the latest Campbell/Inside Mortgage Finance HousingPulse Tracking survey. As rising home prices discourage investment activity, HousePulse found home purchases from investors slipped to 19.7 percent, down significantly from 23.1 percent from February. June was the fourth straight month to see investor traffic decline.

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U.S. Home Value Appreciation Picks Up Speed in Q2

According to Zillow's second-quarter Real Estate Market Reports, the U.S. Zillow Home Value Index (HVI) rose to $161,100 as of the end of June--up 2.4 percent quarter-over-quarter and 5.8 percent year-over-year. The second quarter's increase was the largest annual gain since August 2006 and the largest quarterly gain since the fourth quarter of 2005--as well as the second-largest quarterly gain since 2004. Over the next 12 months, Zillow forecasts an additional 5 percent increase in home values.

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DocuTech, LendingQB Form Strategic Alliance

LendingQB, a provider of end-to-end loan origination software (LOS), and DocuTech, a provider of enterprise-class compliant document preparation software, announces a partnership to integrate their platforms.

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FHFA Reports 0.7% Price Appreciation in May

The Federal Housing Finance Agency (FHFA) reported 0.7 percent monthly price growth (seasonally adjusted) in May, according to its latest report. May's Home Price Index (HPI) was the 16th consecutive index to see monthly gains, according to the agency. For the nine census divisions, monthly price changes in May ranged from a low of -1.5 percent in the East South Central division to +1.8 percent in the South Atlantic division. On a year-over-year basis, the Pacific division took the top spot with a 15.8 percent price increase.

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