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Tag Archives: Lenders & Servicers

Homebuyer Demand Plummets in December

Homebuyer demand experienced a sharp downturn as the book closed on 2013, according to Redfin's numbers. The company's statistics show the number of customers requesting tours falling 14.8 percent month-over-month in December--more than double the 7.1 percent drop recorded at the same time last year. Meanwhile, the number of Redfin customers making offers on homes fell 20.2 percent, a steeper decline than last year's 16.7 percent drop.

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November Home Prices Up 11.8% Annually

CoreLogic's Home Price Index (HPI) improved year-on-year for the 21st straight month in November, setting 2013 up to be the best year for home price gains since before the crash. According to the company's index, home prices nationwide (including distressed sales) increased 11.8 percent in November compared to the year prior. On a monthly basis, prices moved more or less sideways, coming up an estimated 0.1 percent from October's revised numbers.

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Mortgage Credit Accessibility Increases in December

Mortgage credit became a little more accessible in December, according to the monthly Mortgage Credit Availability Index from the Mortgage Bankers Association (MBA). The index score for December is 110.9, up 0.6 percent from a reading of 110.2 in November. The index has been hovering around the 110 mark for the past several months, fluctuating slightly with a decrease in November after an increase in October and two straight months of declines in August and September.

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