Continuing Gains in Home Price Indices
Multiple home price indices indicate that monthly values continued to rise in October. The strongest increases are no longer limited to the West. But one estimate has a decline for November.
Decade-High Existing Home Sales, Record Low Supply
Last month's rate of pre-owned home sales climbed to the highest level in more than a decade, with the Midwest leading the month-over-month gain. The supply of homes fell to a record low.
Mortgage Brokers Operated AMC to Influence Values
The owners of a Chicago-area mortgage brokerage are accused of operating an appraisal management company in order to influence appraised values on fraudulent loans.
Appraisal Industry Innovations
Recent innovations in the home valuation industry include improvements to the appraisal review process, appraiser performance measurement and enhanced desktop appraisals.
Home Price Gains Begin to Slow
Home price indices continued to rise during the most-recent month. But one HPI indicated the rate of increase is slowing, while a forecast has a month-over-month dip ahead.
Existing Home Sales Up, Northeast Jumps
A burst of activity in the Northeast was out front of a month-over-month escalation in existing home sales. Still, there was a year-over-year decline.
Home Price Appreciation Likely to Moderate
National home prices continued to make gains, but the pace of appreciation is likely to moderate. While the biggest gains had been concentrated in the Northwest, other high-growth areas are emerging.
West Leads Modest Rise in Existing Home Sales
The first increase in existing home sales during the last four months was led by sales in the West. Hurricanes likely restrained activity in the South.
Freddie Updates Appraisal Requirements
Updates are being made to the Federal Home Loan Mortgage Corp.'s appraisal policies. The change is being made to streamline requirements.
Bank Regulators Waive Appraisals in Hurricane Areas
In an effort to help the recovery of areas impacted by the recent hurricanes, federal banking regulators have temporarily waived the requirement for an appraisal.