DSNews BY: Scott Morgan February 15, 2016 Not everyone thinks the economy is as bad off as doomsayers have been saying lately. In fact, William Dudley, president and CEO of the Federal Reserve Bank of New York, says the expansion we’ve experienced for the past seven years has put American homeowners in a much better […]
Tag: Home Sales
Economist: TRID is Not Affecting Housing Market Potential
Economist: TRID is Not Affecting Housing Market Potential DSNews by: Brian Honea January 19, 2016 While November’s substantial decline in existing-home sales was largely attributed to the impact of the TRID, or “Know Before You Owe” mortgage rule, which went into effect on October 3, one economist said the CFPB’s controversial rule is […]
Ask the Economist: Why Raise Rates Now?
DSNews BY: Brian Honea December 14, 2015 Dr. Frank Nothaft joined CoreLogic in January 2015 as SVP and chief economist. Prior to joining CoreLogic, Nothaft worked at Freddie Mac, where he was chief economist and a prominent housing and mortgage market expert for more than 25 years. He frequently appears on radio and television […]
Housing Outlook for 2016: Higher Home Sales and Prices, Falling Refi Volumes
DSNews By: Kerri Panchuk December 7, 2015 The year 2016 is expected to usher in the creation of 1.25 million new households, higher rental demand, increased home sales, and a rise in home purchase loan originations even as refinancing volume plummets, CoreLogic’s Chief Economist predicted Monday. Dr. Frank Nothaft, senior vice president and chief economist […]
Why Are Discounted Distressed Sales Not Pulling Down Non-Distressed Home Prices?
DSNews BY: Brian Honea December 3, 2015 Why Are Discounted Distressed Sales Not Pulling Down Non-Distressed Home Prices? When distressed properties account for a large share of all residential home sales, it tends to pull down the prices of non-distressed homes, since foreclosed and REO properties typically sell at a discount to non-distressed […]
Presidential Candidates Urged to Address Housing Crisis on Campaign Trail
DSNews By: Brian Honea June 15, 2015 A former U.S. Senator and a former U.S. Department of Housing and Urban Development Secretary combined to urge 2016 presidential candidates to address the issues of a lingering American housing crisis. In a piece published as a Fox News Opinion earlier this week, Scott Brown, a […]
Pending Home Sales Rise to Highest Level in Nine Years
DSNews by: Xhevrije West The National Association of Realtors (NAR) recently reported in their Pending Home Sales Index (PHSI) that, pending home sales increased in April for the fourth consecutive month and reached their highest peak in nine years. All four major regions saw growth in April, led by the Northeast and Midwest. “The steady […]
REO Share Still Way Above ‘Normal’ Levels in Many Metros
The Daily News by: Brian HoneaThe national percentage of residential single-family properties that were REO was 10 percent as of February 2015, which is five times its pre-crisis share (2 percent), meaning that in many metro areas the REO share is still way above pre-crisis levels, according to CoreLogic Senior Economist Molly Boesel.In CoreLogic’s May […]
Survey: Investors Preferred Flipping to Renting in Q4
Lisa has an excellent investor rehab program. Please contact A & A Mortgage for more information. DSNews: Author: Brian Honea January 21, 2015 A nationwide survey of real estate investors bidding on properties offered for auction during the fourth quarter of 2014 revealed that flipping was the preferred investing strategy over renting, according to Auction.com‘s Q4 […]
Fueled by Lower Gas Prices, Consumer Sentiment Reaches Highest Level in a Decade
DSNews: Author: Tory Barringer January 16, 2015 American consumers are heading into 2015 feeling good about their economic prospects, according to a preliminary confidence measure. A first-look reading of the University of Michigan/Thomson Reuters consumer confidence index shows the measure climbed to 98.2 as of mid-January, up nearly five points from a final December reading […]
