---------------------------------------------
As a whole, the national composite posted 1.02% in June: the lowest default rate in over 10 years of history. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/30656-mortgage-default-rate-continues-downward-trajectory
---------------------------------------------
Shared and taken by Xalima Miriel, Church Courtyard, Javier Castle. XI century.
---------------------------------------------
HELOC originations peaked in 2005 and most of those second liens aredue to reset in 2015. The peak year for first-lien modifications was in 2010 and most of those proprietary and government-sponsored modifications are also due to reset in 2015. -- Brian Collins in National Mortgage News http://www.nationalmortgagenews.com/news/servicing/double-whammy-coming-when-helocs-loan-mods-reset-in-2015-1042147-1.html?
---------------------------------------------
The National Association of Home Builders, an industry trade group, said Thursday that its housing-market index increased three points to 59 in August, though the July figure was revised down by one point.
This level is the highest since November 2005, marking a rapid climb in recent years. Two years ago the index stood at 15. Readings above 50 indicate that more builders view conditions as good than poor. -- Erick Morath and Jonathan House in Wall Street Journal http://online.wsj.com/news/articles/SB10001424127887323639704579014592671569958
---------------------------------------------Shared and taken by Dominic Dubied, The dark side of Venice
---------------------------------------------
The dip in mortgage activity was mainly attributed to an 8% decline in purchase applications. These applications, where the average loan size sought was $268,500, plunged to their lowest level since February, the Washington-based trade group said on Wednesday. - Evan Nemeroff in Origination News http://www.nationalmortgagenews.com/news/origination/mortgage-applications-dip-again-purchase-loan-requests-slide-8-1042149-1.html
---------------------------------------------
Roughly 7 percent of over-65 households move each year, and as people get older, their likelihood of moving from owning to renting gets higher and higher (it’s about 79 percent for households over 85). By 2020, there were will be around 35 million over-65 households in the U.S. That year, Nelson calculates, seniors who would like to become renters will be trying to sell about 200,000 more owner-occupied homes than there will be new households entering the market to buy them. By 2030, that figure could rise to half a million housing units a year. -- Emily Badger in CityLab http://www.citylab.com/housing/2013/03/aging-baby-boomers-and-next-housing-crisis/4863/
---------------------------------------------
Shared and taken by Dieter Birr, Besigheim/Germany
---------------------------------------------
BUILDING PERMITS
Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 963,000. This is 4.2 percent (±1.5%) below the revised May rate of 1,005,000, but is 2.7 percent (±1.8%) above the June 2013 estimate of 938,000 -- U.S. Census Bureau News
---------------------------------------------
HOUSING STARTS
Privately-owned housing starts in June were at a seasonally adjusted annual rate of 893,000. This is 9.3 percent (±10.3%)* below the revised May estimate of 985,000, but is 7.5 percent (±14.4%)* above the June 2013 rate of 831,000. Single-family housing starts in June were at a rate of 575,000; this is 9.0 percent (±10.1%)* below the revised May figure of 632,000. -- U.S. Census Bureau News
---------------------------------------------
Shared and taken by M. Freidrich, Düsseldorf'Mediahafen
---------------------------------------------
WASHINGTON – Beginning home construction unexpectedly declined in June to a nine-month low as a record plunge in the South swamped gains in the rest of the U.S. -- Victoria Stillwell in Bloomberg News http://pbn.com/Construction-of-new-US-homes-declines-on-plunge-in-South,98566
---------------------------------------------
Nat'l Real Estate Post:
Private banks, Chase being the first, are starting to NOT loan on mortgages to buyers with credit issues. http://thenationalrealestatepost.com/chase-calls-it-quits/?
---------------------------------------------
Shared by Rajman Abdullah, originally shared by Amusing Feed, Eiffel Tower Struck by Lightning
---------------------------------------------
"Average wages per worker rose less than 1% in 2013 in all but one of the 10 metros with the largest price increases," says Jed Kolko, chief economist at Trulia(TRLA). "Nationally, asking prices (year over year in June 2014) rose faster than wages per worker (year-over-year in 2013) in 95 of the 100 largest metros." -- Trey Garrison in HousingWire http://www.housingwire.com/articles/30704-charts-show-the-problem-wages-cant-keep-up-with-home-prices
---------------------------------------------
“It is well known that higher-end home sales activity has been strong over the last two years, however, recently there’s been a shift, from both directions. Not only have higher-end home sales themselves started to weaken over the last few months, but the weakness in the lower-end segment is expanding into the upper-middle segments of the price distribution,” Khater said. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/30685-home-price-stall-out-spreads-from-lower-priced-homes-to-higher-end
---------------------------------------------
Shared and taken by Darja Vizjak, Ljubljana Parliament, Slovenia
No comments:
Post a Comment