Trends

For the first time in nearly six years, the Multifamily Production Index (MPI) released by the National Association of Home Builders (NAHB) fell below the 50-mark
For the first time in nearly six years, the Multifamily Production Index (MPI) released by the National Association of Home Builders (NAHB) fell below the 50-mark.   In the first quarter, the MPI took a seven-point fall to 48. The last time the MPI went below 50 was in the fourth quarter of 2011.... Keep Reading....
Two new data reports offer strikingly different geographical points of interests for first-time homebuyers and recent college graduates seeking their first rental residences.   Zillow reports that two Florida markets, Orlando and Tampa, are the best markets for first-time buyers due to the... more
Mortgage rates were on the rise in Freddie Mac’s latest Primary Mortgage Market Survey (PMMS)
Mortgage rates were on the rise in Freddie Mac’s latest Primary Mortgage Market Survey (PMMS), which covered the week ending May 11.   The 30-year fixed-rate mortgage (FRM) averaged 4.05 percent, up from last week when it averaged 4.02 percent. The 15-year FRM this week averaged 3.29 percent, up... more
Residential foreclosure activity last month dropped to its lowest level since November 2005
Residential foreclosure activity last month dropped to its lowest level since November 2005, according to new statistics released by ATTOM Data Solutions.   There were 77,049 foreclosure filings—including default notices, scheduled auctions and bank repossessions—reported in April, a seven percent... more
Dart Appraisal has teamed up with Operation Care Package of Michigan (OCPMI) to supply overseas troops with care packages throughout National Military Appreciation Month. OCPMI is a non-profit, volunteer-based organization that sends care packages overseas.   “We want to show our gratitude to our... more