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56% of Lenders Worried New Bubble is Inflating

As home prices continue to rise—albeit slower than last year—many commentators online casino insist that fears of a new bubble in the making are overblown. However, a new survey released Tuesday suggests lenders aren't buying it.  Read More
 

Zombie Properties Continue to Linger Nationwide

Zombie properties serve as a lingering reminder of a housing market still in the midst of self-correction. They serve as a legacy of the recent housing crisis, a byproduct of lengthy foreclosure timelines and mercurial state foreclosure statutes. RealtyTrac recently released a nationwide analysis of zombie properties, examining both states and institutions that have the most zombie properties.  Read More
 

Inventory Levels Continue to Improve in Florida

Florida's housing market had more new listings, an increase in median prices, and an uptick in inventory in May, according to Florida Realtors. Completed sales of single-family homes totaled 23,013 across the state, an increase of 3.6 percent over the May 2013 figure.  Read More
 

Freddie Mac Scales Back Expectations for 2014

Despite a disappointing first quarter and a mediocre second quarter, Freddie Mac still expects the economy to improve throughout the second half of 2014. The company is, however, tempering its New Year's optimism. In its June U.S. Economic and Housing Market Outlook, Freddie offers a mid-year assessment that sees Each study participant underwent medical detoxification for between 3and 10 days, depending on need, and after detox each was assigned to one ofthree groups: After 30 days:Commenting on the findings, lead researcher Michelle Tutensaid, providing recovery housing to opioid dependent people, with or withoutadditional formalized treatment, results in much higher abstinence rates thandetoxification alone. more humble growth in gross domestic product that mirrors the 2 to 2.5 percent growth that the economy has seen the past few years.  Read More
 

Will Aging Baby Boomers Downsize from Single-Family Homes?

Baby Boomers, as a focus of study for their effect on the housing market, have been an underserved population, according to a blog post written by Trulia's Jed Kolko. He investigated whether baby boomer downsizing—selling a single-family home in order to move into a multi-family unit—could be a future trend in the housing market.  Read More
 

Survey: Economists Trim Forecast for Housing Starts

Economists are lowering their expectations for housing starts in 2014, according to a survey performed by the Wall Street Journal. The Journal notes their diminishing optimism is among the most noticeable trend in monthly surveys of economic forecasters in the first half of 2014.  Read More
 

Is Unemployment Stifling the Housing Market?

The unemployment rate was unchanged in May, staying put at 6.3 percent with 9.8 million Americans unemployed. Unemployment is the lowest it has been since September 2008. However, RealtyTrac's Octavio Nuiry makes the case that there is more to unemployment than percentages, and that a hidden actor is depressing housing market growth—and could cause more problems in the future. Read More
 

Is there a Housing Bubble Ready to Burst?

While many analysts are celebrating the slow and steady recovery of the housing market, an article by the borrower advice website LoanLove offers a different view of the current state of the United States housing market. The article cites economists who believe the current housing market recovery stretching back 18 months is not a true sign of the market's economic outlook. Rather, the recovery is built on shaky ground that could collapse.  Read More.
 

 

Florida Shows Positive Housing Gains in Q1 2014

Florida's housing market showed signs of improvement in the first quarter of 2014, notching gains in median prices, new listings, and inventory while homes spent fewer days on the market. According to the latest data released by Florida Realtors, completed sales of single-family homes totaled roughly 50,000 for the quarter, up 2.3 percent over the previous year's quarter.  Read More
 

FHFA Announces Future Plans for Fannie Mae and Freddie Mac

The Federal Housing Finance Agency (FHFA) released its strategic plan for the conservatorships of Fannie Mae and Freddie Mac. In its report, the FHFA focused on three tenets going forward for the GSEs: maintain foreclosure prevention activities, reduce taxpayer risk, and build a new, single-family securitization infrastructure.  Read More
 

Older Americans Carrying More Mortgage Debt

While the homeownership rate among Americans age 65 and older has remained at a constant 80 percent for the past decade, the percent of older Americans with outstanding mortgage debt has increased since the start of the housing crisis, according to a report released Wednesday by the Consumer Financial Protection Bureau (CFPB).  Read More
 

Consumer Confidence Slips in Florida

The Wells Fargo Economics Group released a recent report outlining consumer confidence in the Sunshine State. The data from April suggests consumer sentiment slipped in Florida one point to 79 for the month, largely due to increased concerns about current economic conditions.  Read More
 

Potential Mortgage Default Risk Remains High

The American Enterprise Institute's (AEI) International Center on Housing Risk released this week its latest National Mortgage Risk Index (NMRI), a measure of likely loan default rates in the event of another economic crisis. For its March data, the group calculated that under stress, 11.5 percent of recent home purchase mortgages would default, just down from 11.6 percent in February.  Read More
 

U.S. Home Flipping Drops to 3.7 Percent of All Sales

RealtyTrac released its U.S. Home Flipping Report for Q1 2014, reporting that 3.7 percent of all U.S. single-family home sales were flips. Home flipping over all is down, dropping 4.1 percent from the fourth quarter in 2013, as well as declining 6.5 percent from the previous year’s first quarter.  Read More
 

Fannie and Freddie Stress Test Results ‘Not Surprising’

Worst-case scenario: In the event of repeat of the 2008 economic downturn, the federal government’s main mortgage buyers, Fannie Mae and Freddie Mac may need another online slots $190 billion bailout to keep them solvent. So say the results of the inaugural Dodd-Frank Act Stress Test, released by the Federal Housing Finance Agency Wednesday.  Read More
 

Federal Reserve Continues Taper; Reduces Purchases by $10 Billion

The Board of Governors of the Federal Reserve System issued their Federal Open Market Committee statement, commenting that growth in economic activity has picked up recently despite a sluggish first quarter, due in part to adverse weather conditions. The Fed noted that recovery in the housing sector remained slow.  Read More
 

48,000 Foreclosures Completed in March

CoreLogic's latest National Foreclosure Report, utilizing data through March 2014, found that foreclosure inventory is down 5.1 percent from February. The percentage of homes seriously delinquent on their mortgages fell as well to 4.7 percent, the first time the seriously delinquent rate has been this low since October 2008.  Read More
 

Spring Recovery: Dead on Arrival?

Market analysts are dialing back on their expectations for the housing sector this year following reports of continued sluggishness in what should have been the start of a busier season. Sales of both new and existing homes in March fell short of expectations, dashing optimistic projections of a rebound following the end of an unusually harsh winter.  Read More
 

Oil and Gas Industry Help Fuel Loan Growth in South

The Office of the Comptroller of the Currency (OCC) found in a new study that the average loan growth rate has doubled among banks and federal savings associations (FSAs) in the nine states that make up the OCC’s Southern District. The OCC’s findings were from loan growth in 2012 to 2013, and reached 4 percent in 2013.  Read More
 

Mortgage Rates Increase Slightly to 4.33%

The average 30-year fixed mortgage rate came up to 4.33 percent (0.6 point) for the week ending April 24, up from 4.27 percent in the previous week, according to Freddie Mac’s latest Primary Mortgage Market Survey. Last year, the 30-year fixed-rate mortgage (FRM) averaged 3.40 percent, almost a full point lower. The 15-year FRM this week averaged 3.39 percent (0.6 point), moving up from 3.33 percent.  Read More
 

Florida’s Housing Market Is On the Rise

More good news has surfaced in the housing market, this time in Florida. According to Florida Realtors, the housing market reported higher median prices, more new When I pay the cashier with money, we have extinguished our free-credits-report.com /debt relationship. listings, and a stable level of inventory in March. Closed sales of single-family homes statewide totaled 20,081 last month, up 2.8 percent from March last year.  Read More
 

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