Subscribe to the print edition of National Mortgage Professional MagazineSubscribe to our RSS feedFollow us on TwitterGet daily updates via emailJoin us on Facebook

Residential

Nearly Five Percent of Q2 Home Sales Were Flipped Properties

House_Flipping_06_27_14

RealtyTrac released its Q2 2014 U.S. Home Flipping Report, which shows that nearly 31,000 single family homes were flipped nationwide in the second quarter of 2014—where a home is purchased and subsequently sold again within 12 months—representing 4.6 percent of all U.S. single family home sales, down from 5.9 in the first quarter of 2014 and down from 6.2 percent in the second quarter of 2013.Click to continue

Existing Home Sales Hit High 2014 Mark in July

Housing_on_the_Rise

Existing-home sales increased in July to their highest annual pace of the year, and the ongoing decline in distressed sales reached an important milestone, according to the National Association of RealtorsTotal existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 2.4 percent to a seasonally adjusted annual rate of 5.15 million in July from a slight downwardly-revised 5.03 million in June.Click to continue

West Coast Housing Market Heating Up

Homes_on_Market

Pro Teck Valuation Services’ July Home Value Forecast (HVF) reports this month that many of the West Coast metro areas are toward the top of the market ranking while the East Coast is toward the bottom. The authors look at the top and bottom 10 rankings from 2011 to see if there are any major similarities or differences in the markets today. New top and bottom 10 market rankings are also updated for the month.Click to continue

Housing Takes a Wild Seesaw Ride

146877797.jpg

Three different data reports released this morning appeared to give the cumulative effect of a housing market that is aggressively seesawing to extremes: Rates hitting a new low, existing-home sales hitting a new high and rising fears that housing affordability might become an ephemeral commodity.Click to continue

HOPE NOW Reports 116,000-Plus Loan Mods Granted in Q2

Foreclosure Sign Pic

HOPE NOW has released data for the second quarter of 2014, which shows that approximately 421,000 homeowners received non-foreclosure solutions from mortgage servicers between the months of April and June. Permanent loan modifications totaled approximately 116,000 and short sales totaled 33,000.Click to continue

FHFA: Monthly Refi Volume Rises in June

House Cash/Copyright: Getty Images/Credit: Jupiterimages

The Federal Housing Finance Agency (FHFA) has reported that the total volume of mortgage refinances increased slightly in June as mortgage rates decreased from May, according to FHFA's Second Quarter 2014 Refinance Report. Total refinance volume for the second quarterClick to continue

Housing Starts Up Over 15 Percent in July

House Keys/Credit: Digital Vision

Fueled by strong single and multifamily growth, nationwide housing starts rose 15.7 percent to a seasonally adjusted annual rate of 1.093 million units in July, the highest level since November 2013, according to newly released figures from the U.S. Department of Housing & Urban Development (HUD) and the U.S. Census Bureau.Click to continue

Zillow: Mortgage Rates Remain Slightly Above Four Percent Mark

For Sale/Credit: Stockbyte

The 30-year fixed mortgage rate on Zillow Mortgages is currently 4.06 percent, down two basis points from this time last week. The 30-year fixed mortgage rate hovered around 4.08 percent for the majority of the week, falling to 3.97 percent on Friday before returning to the current rate.Click to continue

All-Cash Sales Down in Second Quarter

House Atop Money/Credit: Creatas

RealtyTrac has released its Q2 2014 U.S. Institutional Investor & Cash Sales Report, which shows all-cash sales accounted for 37.9 percent of all sales of single family homes and condos nationwide in the second quarter, down from a three-year high of 42 percent in the previous quarter but still up from 35.7 percent in a year ago.Click to continue