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Sales

Vacation Homes Sizzle as Investment Homes Fizzle

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If the National Association of Realtors (NAR) 2014 Investment and Vacation Home Buyers Survey is any indication, the expression “Selling like hotcakes” could easily be replaced with “Selling like vacation homes.” According to NAR, vacation home sales jumped 29.7 percent to an estimated 717,000 last year, up from 553,000 in 2012.Click to continue

Washington is Also the Capital of Expensive Housing

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Economists in Washington, D.C. have determined that the most expensive housing market in the U.S. can be found in, of all places, right outside of their offices.Click to continue

NMP's Economic Commentary: Historical Perspective on Mortgage Rates

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Rates on home loans have risen during the past year. Yet, every time this trend is reported in the media, we also hear that rates are historically low. So, what does “historically low” actually mean? Does it mean that we are a little under the norm, or way under for the historic average?Click to continue

Creating a Balanced Attack: How Good Defense Helps Fuel Mortgage Sales

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There’s a saying in most major professional sports: “Defense wins championships.” It’s safe to assume that the team that reaches football’s Super Bowl, or basketball’s World Series, hockey’s Stanley Cup or basketball’s Finals knows how to score and put a lot of “points on the board.” But it’s the team that is better able to stop the other team from scoring that takes home the trophy. In other words, your defense better be good.Click to continue

Three Very Different Approaches to Affordable Housing

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Affordable housing—or, more accurately, the lack thereof—has been a critical problem facing the U.S. residential market. Three new developments on this front—a new securitization endeavor, a newly announced privately funding effort and a controversy over a New York City development—show a housing segment that is a state of tumult and flux.Click to continue

Veros Study Finds Nearly 85 Percent of U.S. Homes Appreciating in Value

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Veros Real Estate Solutions has found that the percentage of markets expected to increase in value has remained constant, growing to 83 percent from last quarter’s 80 Click to continue

Fixed-Rate Mortgages Dip Back Down to 2014 Lows

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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates falling back near their lows for 2014, as the 30-year fixed-rate mortgage (FRM) averaged 4.12 percent with an average 0.5 point for the week ending Oct. 9, 2014, down from last week when it averaged 4.19 percent. A year ago at this time, the 30-year FRM averaged 4.23 percent.Click to continue

Applications for September New Home Purchases Level Off

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The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for September 2014 shows mortgage applications for new home purchases remained unchanged relative to the previous month. The MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 425,000 units in September 2014, based on data from the BAS.Click to continue