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Sales

RealtyTrac Ranks Best Boomer and Millennial Markets for Buying Residential Rentals

For Rent House

RealtyTrac has released its second quarter 2014 Residential Property Rental Report, which ranks the best markets for buying residential rental properties along with the best markets for renting to baby boomers and the best markets for renting to millennials. For the report, RealtyTrac analyzed median sales prices for residential property and average fair market rents for three bedroom properties in 370 U.S. counties with a combined population of 186 million people—60 percent of the total U.S. population.Click to continue

Florida Locations Top Zillow's Best Places to Buy a Vacation Home List

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Zillow has introduced its new, semi-annual "Best Places to Buy a Vacation Home" list, ranking places within close proximity to popular summer and winter vacation destinations. For the summer edition, Zillow named the best places for golf, beach, outdoor and amusement park vacation homes. To be considered for each list, each area had to meet specific criteria.Click to continue

Total Balance of Home Finance Write-Offs Hits Seven-Year Low

Home Money/Credit: Comstock

According to the latest Equifax National Consumer Credit Trends Report, the total balance of home finance write-offs year-to-date in May is $43.5 billion, a seven-year low and a decrease of more than 37 percent from the same time period a year ago. Home finance includes first mortgage and home equity installment and revolving lines of credit.

Year-over-year changes in home financing total delinquencies (30 or more days past due), measured as a percentage of outstanding balances, include:Click to continue

Clear Capital Reports Only 0.9 Percent Growth in Home Prices Forecasted Through 2014

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Clear Capital released its Home Data Index (HDI) Market Report with data through June 2014. Using a broad array of public and proprietary data sources, the HDI Market Report publishes the most granular home data and analysis earlier than nearly any other index provider in the industry.Click to continue

HSH.com: Mortgage Rates Continue to Surprise the Markets

For Sale/Credit: Stockbyte

Rates on the most popular types of mortgages declined again, according to HSH.com's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages fell by five basis points (0.05 percent) to 4.17 percent. Conforming 5/1 Hybrid ARM rates also decreased by five basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at an average 3.11 percent.Click to continue

Zillow: Mortgage Rates Remain Flat Overall for the Week

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The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 3.98 percent, down five basis points from this time last week. The 30-year fixed mortgage rate hovered around four percent for the majority of the week, before dropping slightly to the current rate on Tuesday morning.Click to continue

Home Prices Rise 8.8 Percent Annually in May

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CoreLogic released its May CoreLogic Home Price Index (HPI) report. Home prices nationwide, including distressed sales, increased 8.8 percent in May 2014 compared to May 2013. This change represents 27 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, increased 1.4 percent in May 2014 compared to April 2014.Click to continue

Pending Home Sales Rise Over Six Percent in May

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Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of Realtors. All four regions of the country saw increases in pending sales, with the Northeast and West experiencing the largest gains. The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 6.1 percent to 103.9 in May from 97.9 in April, but still remains 5.2 percent below May 2013 (109.6).Click to continue

NMP's Mortgage Professional of the Month: Vladimir Bien-Aime, President and CEO of Global DMS

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National Mortgage Professional Magazine recently had the chance to speak with president and chief executive officer of Global DMS, Vladimir Bien-Aime. Vlad, as he is known to his friends and those who work with him, has built Global DMS into one of the leading appraisal management technology firms in the mortgage industry. Global DMS provides appraisal valuation management solutions to numerous lenders, appraisal management companies (AMCs) and other entities involved in the valuation process.Click to continue