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Trulia: Markets Where Obama Won in 2012 Have Lowest Housing Affordability

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The expression “limousine liberal” might have new degree of resonance based on the 2012 election. According to a study by Trulia that rated the housing affordability levels in the nation’s 100 largest metro markets based on their 2012 presidential vote, markets that brought President Obama back for a second term have the lowest level of affordable housing in the nation.Click to continue

FHFA's August House Price Index Up 0.5 Percent in August

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U.S. house prices rose in August, up 0.5 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). The previously reported 0.1 percent increase in July was revised to reflect a 0.2 percent increase.Click to continue

Home-Value Growth Peaks in Q3

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Appreciation in home values is slowing definitively after nearly two years of accelerating year-over-year growth, according to the third quarter Zillow Real Estate Market Reports. Homebuyers who have been priced out of hot markets will welcome the cooling off, and the most recent data should further combat worry about another housing bubble.Click to continue

Mississippi Lags Far Behind in Housing Recovery

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The official nickname for Mississippi is “The Magnolia State.” In view of recently compiled data, it could also be called “The State That the Housing Recovery Forgot.”Click to continue

New-Home Sales Rise Slightly in September Over August

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Sales of newly built, single-family homes inched up 0.2 percent in September to a seasonally adjusted annual rate of 467,000 units, the highest level in six years, according to newly released data by the U.S. Department of Housing & Urban Development (HUD) and the U.S. Census Bureau. Sales numbers for August were revised down from 504,000 to 466,000.Click to continue

Fixed-Rates Drop to 18-Month Low

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Freddie Mac has released the results of its weekly Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates hitting fresh lows for the year for the second consecutive week amid declining bond yields. The 30-year fixed-rate mortgage (FRM) averaged 3.92 percent with an average 0.5 point for the week ending Oct. 23, 2014, down from last week when it averaged 3.97 percent. A year ago at this time, the 30-year FRM averaged 4.13 percent.Click to continue

MBA Forecasts $1.19 Trillion in Originations in 2015

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The Mortgage Bankers Association (MBA) has announced that it expects to see $1.19 trillion in mortgage originations during 2015, a seven percent increase from 2014. While MBA anticipates purchase originations will increase 15 percent, it expects refinance originations to decrease three percent.Click to continue

Velocify Announces New CRM Tool

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Velocify, a provider of cloud-based intelligent sales automation software, has announced it is now offering to mortgage lenders Velocify for Salesforce, a unique application that integrates high-velocity sales tools into the market-leading CRM technology.Click to continue

Refi Apps Begin to Gain Steam

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Mortgage applications increased 11.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Oct. 17, 2014. This week’s results did not include an adjustment for the Columbus Day holiday.Click to continue