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Estimated Annual Pace Down Three Percent For Condos, Apartments and Single Family


RealtyTrac released its July 2014 U.S Residential & Foreclosure Sales Report, which shows that U.S. residential properties, including single family homes, condominiums and townhomes, sold at an estimated annual pace of 4,634,513 in July, down three percent from the previous month and down 12 percent from a year ago — the third consecutive month where annualized sales volume has decreased on a year-over-year basis.Click to continue

Making Lemonade From a Lemon-Level Rate Picture


The latest mortgage rate data from Freddie Mac is anything but sweet. And while there is little evidence that the picture will substantially improve in the immediate future, there is some movement across the industry to find other ways to successfully expand bottom lines.Click to continue

Title Insurance Volume Down Over 16 Percent, According to ALTA


The American Land Title Association (ALTA) reported title insurance premium volume declined 16.6 percent during the second quarter of 2014 when compared to the same period a year ago.

The title insurance industry generated $2.7 billion in title insurance premiums during the second quarter of 2014 compared to $3.3 billion during the second quarter of 2013 according to ALTA’s 2014 Second-Quarter Market Share Analysis.Click to continue

July Home Sales Indicate Rebound According to NAR

NAR Home Sales Rise Pic

Pending home sales rebounded in July and have now risen in four of the last five months, according to the National Association of Realtors. All major regions experienced healthy gains except for the Midwest, which saw a slight decline.Click to continue

Multifamily Production Index Gains Five Points

Apartment Pic/Credit: Stockbyte

The Multifamily Production Index (MPI) recently released by the National Association of Home Builders (NAHB), posted a gain of five points to a reading of 58 for the second quarter. It is the 10th straight quarter with a reading of 50 or above.Click to continue

One in Six Homeowners Are Still Underwater, According to Zillow


One in six (17 percent) U.S. homeowners with mortgages – or 8.7 million – were still underwater on their mortgage in the second quarter of 2014, despite rising home values, according to the Zillow Negative Equity Report. This is down from 18.8 percent in the first quarter of 2014, and down from 23.8 percent from last year (Q2 2013).Click to continue

Rates Begin to Level on Zillow Marketplace

House_Sale/Copyright: Getty Images/Credit: Jupiterimages

The 30-year fixed mortgage rate on Zillow Mortgages is currently 4.08 percent, up two basis points from this time last week. The 30-year fixed mortgage rate rose early last week, peaking at 4.23 percent on Wednesday before falling to the current rate on Tuesday.Click to continue Mortgage Rates Level Off

Stats/Copyright: Getty Images/Credit: Hemera Technologies

Rates on the most popular types of mortgages held nearly still according to's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages rose by a single basis point (0.01 percent) to 4.19 percent. Conforming 5/1 Hybrid ARM rates remained unchanged for the week, holding at an average of 3.14 percent for the period.Click to continue