West Leads Gain in Home Prices
Residential real estate prices moved higher last month, and it was house prices in the West that experienced some of the strongest gains.
Pending Home Sales Slip, Except in West
The latest report on home sales activity is in, and the results are somewhat disappointing. Activity in the West, however, was one bright spot.
Buyers Step Up New Home Purchases, NE Leads Again
Monthly sales of new residential properties saw a more than one-fifth gain from a year earlier. The Northeast again led a month-over-month rise.
Mortgage Bankers Lift Q4 Refi Forecast
The nation's mortgage bankers have grown more optimistic about the volume of refinance originations expected during the final three months of this year.
West Leads Drop in Existing Home Sales
The pace of existing home sales slowed last month, and it was activity in the West that saw the biggest decline. Meanwhile, the share of distressed sales is at a nearly seven-year low.
Mortgage Credit Standards Ease, Demand Strengthens
Credit standards at home lenders have eased recently, with larger lenders reporting more loosening than smaller ones. While demand has recently improved, fewer lenders are optimistic that demand will increase in the near future.
Building Permits, New Home Inventory Increase
Building permits and the inventory of new homes for sale increased last month. But construction was started and completed on fewer homes.
Average LTVs, Negative Equity Decline
As home lenders and residential loan borrowers continued to improve their equity positions, more borrowers have found themselves above water.
Walter Investment Settles False Claim Allegations
Walter Investment Management Corp. has agreed to settle a whistleblower lawsuit filed by a former executive of its reverse mortgage business.
Gain in Pending Home Sales Restrained by Supply
Pending home sales managed to eke out another gain and would have been even stronger if not for supply constraints.