Residential Real Estate

Freddie Mac: Housing Market On Record-Setting Pace

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.

Time Is Ripe For GSE Reform

Time Is Ripe For GSE Reform

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.

Nationwide, Homeowners Gain Equity While Connecticut Lags Behind

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.

Mortgage Delinquencies Decline In March

Mortgage Delinquencies Decline In March

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.

Survey Says It’s A Sellers’ Market

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 Up Last Week, Rates Down

Mortgage Applications Up Last Week, Rates Down

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.