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Sales

Nationwide Foreclosure Totals Continue to Plummet in February

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The data & analytics division of Black Knight Financial Services (formerly the LPS Data & Analytics division) reports the following "first look" at February 2014 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market. The total U.S.Click to continue

Weather and Lower Inventory Impact IL February Home Sales

Home Equity/Credit: Comstock

Illinois home sales decreased 6.2 percent over previous-year levels in February while median prices increased 6.9 percent, according to the Illinois Association of REALTORS (IAR). Statewide home sales (including single-family homes and condominiums) in February 2014 totaled 7,868 homes sold, down from 8,388 in February 2013. The number of houses on the market in February was down 19.2 percent compared to a year earlier, dropping from 70,053 homes for sale in February 2013 to 56,620 this year.Click to continue

Harsh Winter Slows NY February Home Sales

For Sale Sign in the Snow

Housing sales in New York State slowed during February, with closed transactions falling by 5.9 percent compared to February 2013, according to the housing market report released today by the New York State Association of REALTORS (NYSAR). The statewide median sales price continued its growth trend, increasing by nearly seven percent compared to last February.Click to continue

Study Finds Housing Recovery Fully Taken Hold Nationwide

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RealtyTrac has released an analysis of housing market health in 410 U.S. counties in two-year increments over the past eight years, finding that 96 percent of county housing markets are better off than they were four years ago when foreclosures peaked in 2010, but only eight percent of county housing markets are better off than they were eight years ago in 2006 before the housing price bubble burst.Click to continue

Southern California Home Sales Dip to Six-Year Low in February

House For Sale/Credit: Jupiterimages

Southern California home sales dropped to the lowest level for a February in six years as many would-be buyers struggled with inventory constraints, credit hurdles and reduced affordability. The median price paid for a home edged up slightly from January and remained nearly 20 percent higher than a year earlier, according to San Diego-based DataQuick. A total of 14,027 new and resale houses and condos sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month.Click to continue

Fixed-Rates Drop Slightly to 4.32 Percent

Home Equity/Credit: Comstock

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed-rate mortgages (FRMs) moving down slightly after last week's uptick, and remaining within range of average fixed rates for the first quarter of 2014. The 30-year FRM averaged 4.32 percent with an average 0.6 point for the week ending March 20, 2014, down from last week when it averaged 4.37 percent. A year ago at this time, the 30-year FRM averaged 3.54 percent.Click to continue

Existing Home Sales Slip Slightly in February

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Home prices continued to show solid growth in most of the country due to limited inventory conditions, but rising prices and severe winter weather caused existing-home sales to slip in February, according to the National Association of Realtors (NAR).Click to continue

HSH.com: Mortgage Rates Ease Slightly for the Week

Home for Sale Credit: Jupiterimages

Rates on the most popular types of mortgages eased slightly according to HSH.com's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages fell by two basis points (0.02 percent) to 4.41 percent. Conforming 5/1 Hybrid ARM rates decreased by three basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.11 percent.Click to continue

Western U.S. Shaping Up for Strong Spring Sellers Market

For Sale Sign/Copyright: Getty Images/Credit: Hemera Technologies

As the spring home shopping season heats up, buyers and sellers nationwide can expect very different experiences when it comes to negotiating power. According to the latest Zillow analysis of national buyers' and sellers' markets, sellers in the West will likely have the upper hand in negotiations when selling their home, while buyers in Midwestern and East Coast metros will likely face less competition and have more room for bargaining on prices.Click to continue

Mortgage Apps Down 1.2 Percent Week-Over-Week

House for Sale/Credit: Creatas

Mortgage applications decreased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 14, 2014.  The Market Composite Index, a measure of mortgage loan application volume, decreased 1.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased one percent compared with the previous week. The Refinance Index decreased one percent from the previous week.Click to continue