Foreclosure inventory declines another 30%

Foreclosure inventory declines another 30%

Through November 2016 there was an average of $12,500 in home-equity wealth per homeowner. Foreclosure inventory declined 30% putting it slightly above pre-crisis levels. This foreclosure inventory included 325,000 homes with a mortgage. The mortgages 90 days or more...
HUD’s reducing Mortgage Insurance on FHA Mortgages

HUD’s reducing Mortgage Insurance on FHA Mortgages

If you have or are planning to get an FHA mortgage this offers interesting and useful information about the rates being lowered. Everyone can always use a lower mortgage rate, especially in today’s economy. Hud information can sometimes be confusing but is...
Housing sentiment decreases for fifth straight month

Housing sentiment decreases for fifth straight month

You know the American dream use to involve having a house with a white picket fence, but most people settle for the apartment space instead. Owning a home has gotten more and more expensive thanks to mortgage rates, yet people are still hopeful things will look up...
Mortgage rates lower in 2017…so far…

Mortgage rates lower in 2017…so far…

  One of the most volatile markets in the world is the housing market. This can because of fluctuating prices and less demand are going to change the market. So far there is good news, and that is the mortgage rates are low so far. Only time will tell how low the...
MBA: Mortgage credit once again loosens in December

MBA: Mortgage credit once again loosens in December

Lately, there has been an upward trend in the amount of credit available to mortgage applicants. This is a continuation of the increase that has been seen throughout the year so far. Meanwhile, lending standards have seemed to have tightened. The increased...
Here’s how much rent went up across America in 2016

Here’s how much rent went up across America in 2016

Rent prices have been on the rise as seen from data from the past year. This is generally true for the entirety of America but there are some exceptions to this trend. An example is New Jersey whose average monthly cost dropped by 1.3%. The largest increase in monthly...
ATTOM: Foreclosure activity hits 10-year low

ATTOM: Foreclosure activity hits 10-year low

A dramatic drop in bank foreclosure activity in 2016 brought the national level of foreclosure filings down to a level unparalleled since 2006. According to ATTOM Data Solutions filings dropped month on month in 2016, despite the traditional push in the final quarter...