National News

Case-Shiller Data Shows Six Metropolitan Areas Report New Index Lows in Houston

S&P Case-Shiller data released yesterday demonstrates a monthly increase in home prices through April for the 10- and 20-city composites for the first time in eight months, but they are both at lower levels than the indices have seen

Freddie Mac Chief Economist Joins Discussion of Recovery-Placing Optimistic Bets

When will the economy recover? Answers have fallen in the 2011 to 2014 range, depending who you talk to. Housing Wire spoke with Freddie Mac Chief Economist Frank Nothaft, who optimistically anticipates that a better economy is right around

Mortgage Lenders Deny 23.5 Percent More Loans in 2010

In 2010, the nation’s 10 largest mortgage lenders denied 26.8 percent of loan applications, up an additional 23.5 percent from the amount denied in 2009, said the Wall Street

Monthly Data Expected to Track Increase in Pending Sales, but Nearby Recovery Still Unlikely

On Wednesday, NAR will report on pending home sales for May; data from housing economist, Thomas Lawler, shows that the increase in pending sales for May will probably create a double-digit gain from April, said the Wall Street Journal.

NAHB Poll Finds Hopeful Statistics – Many Still Value Owning a Home

A recent poll from NAHB has proved that, according to the 2,000 likely voters who were polled, one thing remains consistent in the housing market: owning a home is still

New Home Sales Fall for the First Time in Three Months

Fewer people bought new homes last month. New-home sales fell 2.1 percent in May to a seasonally adjusted annual rate of 319,000 homes, the Commerce Department said. That’s far below the 700,000 homes per year that economists say must

CoreLogic Shines Light on Shadow Inventory

All across the nation, people are affected by foreclosures. Now, with foreclosures declining, the number of bank-owned houses is,

Anticipated Impact of QRM Proposal Increasingly Glum

The proposal of a 20 percent down payment under the Dodd Frank Act has been regarded as potentially detrimental, with many lawmakers worrying that first-time homebuyers will be locked out from buying a home; new information, presented at Capitol

Real Estate Cycle Expected to Push Buyers Toward Renting

As buyers hesitate to invest in a time when loans are hard to obtain and many homeowners are finding themselves underwater, rentals are becoming a desirable

Emergency Homeowners’ Loan Program Offers Window of Opportunity for Unemployed

The Emergency Homeowners’ Loan Program (EHLP) is a new $1 billion Obama administration program which is estimated to assist 30,000 unemployed borrowers, who are otherwise straining to avoid foreclosure, reports the Wall Street

Panelists Work to Establish Future of Mortgage Market

Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo, which combined hold 70 percent of the private mortgage origination market, may soon fill the void Fannie Mae and Freddie Mac leave behind, said Housing

More Lawmakers Join Anti-QRM Proposal

A force of approximately 240 lawmakers have now joined the argument against the qualified residential mortgage (QRM) down payment, hoping to reduce the currently proposed rate of 20 percent, said Housing

Are Real Estate Videos Reaching the Right Market?

Web-savvy consumers may not typically desire commercial videos for brands, products, etc. while browsing the web, but data from comScore demonstrates that 83 percent of all Americans watched an online video in May, racking up over 5.6 billion viewing

Wells Fargo Announces Altered Responsibilities, Leaves Reverse Mortgage Market

Wells Fargo & Co. has confirmed that it is leaving the reverse mortgages sector, but it will continue to act as a servicer up until the departure date of June 30, according to National Mortgage

U.S. Market Expected to See Forty Percent Increase in Hispanic Homebuyers

Nearly 40 percent of all first-time homebuyers in the US are expected to be Hispanic, with some of these potential homebuyers being “affluent Mexican nationals fleeing cartel violence,” said the Houston

According to Macroeconomist, Over Six Million New Properties Needed to Repair Industry

According to Housing Wire, what the industry really needs is 6.5 million new homes within the next five years in order “to clear the excess housing inventory” of about 2.5 million

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