Residential Real Estate
Despite some recent bumps, the U.S. housing market remains on track to exceed last year’s best-in-a-decade levels for housing starts and home sales, according to a Freddie Mac June outlook report released last week.
The three largest credit-reporting agencies will begin cleaning up credit reports in July, which could help lift the credit scores of about 12 million consumers.
Total mortgage applications increased 0.6 percent during the week ending June 16 from the previous week, according to the Mortgage Bankers Association.
Wilton police arrested Ridgefield Realtor Barbara Morris on June 15 for attempting to commit first degree larceny, a felony, according to court records.
Mortgage Rates Inch Up After Extended Decline
Do we always need an appraiser to tell us what a house is worth? The two biggest sources of mortgage financing in the country – Freddie Mac and Fannie Mae – think not.
The current economic expansion, now entering its ninth year, is forecast to continue with full-year growth at 2 percent for 2017, according to the Fannie Mae Economic & Strategic Research (ESR) Group’s June 2017 Economic and Housing Outlook.
Realtor Clodagh Mccoole has joined the Darien office of Berkshire Hathaway HomeServices New England Properties.
Berkshire Hathaway HomeServices New England Properties announced the top sales executives in the Glastonbury office for the month of May.
Mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 9, 2017.
The 30-year mortgage rate rose 2 basis points over the week to 3.91 percent.
Federal Housing Finance Administration (FHFA) Director Melvin L. Watts told the U.S. Senate Committee on Banking, Housing and Urban Affairs last month that “Congress urgently needs to act on housing finance reform” and bring Fannie Mae and Freddie Mac out of conservatorship after almost nine years.
They were all the rage – then the scourge – of the housing boom and bust. Now they’re back, big time: home mortgages that require tiny or zero-down payments from buyers.
U.S. homeowners with mortgages (roughly 63 percent of all homeowners) have seen their equity increase by a total of $766.4 billion in the year since the first quarter of 2016, an increase of 11.2 percent. Additionally, the average American homeowner gained about $13,400 in equity between Q1 2016 and Q1 2017.
The Greater Hartford Association of Realtors (GHAR) recently moved its headquarters to 430 New Park Ave. in Hartford.
The number of total programs decreased to 2,454 in the first quarter of 2017, down nine programs from the previous quarter, according to the First Quarter 2017 Homeownership Program Index report from Down Payment Resource (DPR).
In March 2017, 4.4 percent of mortgages were delinquent by at least 30 days or more including those in foreclosure, down 0.8 percent from March 2016, according to a report released from CoreLogic, a property information firm.
The share of Americans who think now is a good time to buy fell 8 percent to a record low 27 percent last month, according to the Fannie Mae Home Purchase Sentiment Index for May. The percentage of those who say now is a good time to sell increased 6 percent to 32 percent, a record high.
Mortgage applications increased 7.1 percent last week from the previous week, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 2, 2017. The week’s results included an adjustment for the Memorial Day holiday.
BHHS New England Properties announced the top sales executives in the Rowayton and Norwalk offices.
Residential Real Estate Top Block
- Hartford Attorney Sent To Prison For 3 Years For Pump And Dump Scheme
- Fast Casual Italian Joint Set To Open Late Summer
- Former Bankruptcy Attorney Admits To Stealing Millions From Clients
- Glastonbury Construction Employee Pleads Guilty To Kickback Scheme
- Bridgeport Attorney Charged With Real Estate-Related Wire Fraud