Trends

Where are the Millennials looking to buy a home
Where are the Millennials looking to buy a home? According to Realtor.com, the answer is a mix of the usual Millennial magnet cities and a few surprising markets.   In rank order, Realtor.com’s new list of the Top Cities for Millennials are Salt Lake City; Miami; Orlando; Seattle; Houston; Los... Keep Reading....
Attention, Janet Yellen: The nation’s prospective homebuyers are agitated over the prospect of rising interest rates in the near future.   According to a new survey by Zillow Group Mortgages, 53 percent of home shoppers consider rising interest rates to be among the top factors that will affect... more
The latest housing news is mostly positive, with a few surprises sprinkled into the new home price appreciation data.   Freddie Mac’s latest Primary Mortgage Market Survey (PMMS) found the 30-year fixed-rate mortgage (FRM) averaged 4.16 percent for the week ending Feb. 23, up from last week when it... more
The level of credit defaults on first and second mortgages saw mild increases last month, according to the latest S&P/Experian Consumer Credit Default Indices
The level of credit defaults on first and second mortgages saw mild increases last month, according to the latest S&P/Experian Consumer Credit Default Indices.   First mortgage credit defaults saw a slight uptick from 0.71 percent in December to 0.72 percent in January, while second mortgage... more
Potential existing-home sales decreased to a 5.5 million seasonally adjusted, annualized rate (SAAR), according to new data from First American Financial Corporation. This represents a 1.9 percent decline compared with a year ago, a decline of 107,000 (SAAR) sales.   First American also determined... more