fhfa: Case-Shiller, FHFA Report Slowing Growth in Home Prices - 10/09/14 02:57 AM
The Case-Shiller 10 and 20-City Home Price Indices for June reported year-over-year gains of 8.10 percent while the Case-Shiller National Home Price Index covers all nine census regions and reported a year-over-year gain of 6.20 percent.
Readings for all three indices worsened as compared to May readings, and all cities tracked showed slower growth in home prices. The National Home Price Index, which is now published monthly, rose by 0.90 percent from May's reading, and both the 10 and 20-City Index posted month-to-month gains of one percent.
Five cities including Detroit, Las Vegas, New York, Phoenix and San Diego posted larger … (0 comments)

fhfa: Case-Shiller: Home Price Growth Slows in April. - 07/30/14 06:28 AM
The S&P Case-Shiller Index for April shows that while home prices continue to grow, they are doing so at a slower pace as compared to April 2013. The Case-Shiller 20 city index reports that home prices expanded at a year-over-year annual rate of 10.80 percent as compared to 12.40 percent in April 2013.
Month-to-month data showed that home prices rose for the second consecutive month. The seasonally- adjusted month-to-month growth rate for the 20 city home price index was 0.20 percent against March's month-to-month home price growth rate of 1.20 percent.
Slower Home Price Growth: A Silver Lining?
According to the … (0 comments)

fhfa: Existing Home Sales Reach Highest Level In 7 Years - 01/28/14 03:47 AM
The NAR provided great year-end news as existing home sales in December pushed 2013 sales of existing homes to a 7 year high. December's reading of 4.86 sales of pre-owned homes came in at 4.87 million on a seasonally adjusted annual basis.
Although projections had been for 4.89 million sales, the December reading topped November's revised sales of 4.82 million pre-owned homes.
December's reading showed the first gain in existing home sales in three months. NAR reported that existing home sales for 2013 reached 5.09 million, which represented a 9.10 percent increase over 2012.
More Good News: Median Price Of Existing … (0 comments)

fhfa: Case Shiller Price Index Shows A Spike In Home Prices In The West - 12/03/13 03:53 AM
According to the S&P Case-Shiller 10-and 20-City Housing Market Indices for September, home prices grew at an average of 13.30 percent year-over-year and achieved the highest growth rate for home prices since February 2006.
On a month-to month basis, home prices are slowing in most areas with 19 cities included in the S&P 20-City Housing Market Index showing lower rates of growth in home prices. September's average month-to-month growth rate was 1.0 percent for the 20-City HMI as compared to 0.90 percent in August, and 1.90 percent posted earlier in 2013.
Home prices increased by 0.70 percent in September for the … (0 comments)

fhfa: Existing Home Sales Report Shows Highest New Home Inventory Since January 2012 - 08/28/13 09:52 AM
The National Association of REALTORS reported that existing home sales for July came in at 5.39 million on a seasonally adjusted annual basis. July's reading exceeded both expectations of 5.21 million existing homes sold and June's reading of 5.06 million homes sold.
This suggests good news for home buyers who've been constrained by limited supplies of homes for sale.
As home prices continue increasing in many areas, more homeowners are likely to list their homes for sale. Existing home sales for July rose by 6.80 percent year-over-year.
The Federal Housing Finance Agency Home Price Index reported a 7.70 percent year overyear … (0 comments)

fhfa: Existing Home Sales: Second Highest Level Since 2009 - 07/25/13 05:56 AM

According to the National Association of REALTORS®, national sales of existing homes in June came in at 5.08 million.
June's reading was reported to be the second highest since November of 2009; this should calm concerns about a lapsing recovery in housing markets.
Summer typically produces the highest prices for existing homes sold, as families seeking larger homes frequently move during summer months.
The June inventory of existing homes improved by 1.90 percent to 2.19 million homes or a 5.20 month supply. June's number of available homes was 7.60 percent lower than in June 2012.
The shortage of available homes … (0 comments)

fhfa: Home Prices Record Highest Monthly Gains Since Case Shiller Index Inception - 07/10/13 04:35 AM
The S&P Case-Shiller Home Price Indices for April indicate that the housing recovery gained ground.
In April 2013 average home prices tracked in the Case-Shiller 10 and 20-city Composites increased by 11.60 and 12.10 percent year-over-year. On a month-to-month basis, the Composites increased by 2.60 and 2.50 percent respectively.
According to David M. Blitzer, Chairman of the S&P Dow Jones Indices' Index Committee, the 10-and 20- City Composites experienced their largest month- to- month gains since their inception: "Thirteen cities posted month- to-month gains of two percent or more, with San Francisco leading with a month-to-month gain of 4.90 percent."
The … (0 comments)

fhfa: Simplified Home Loan Modification Program Recently Announced - 04/04/13 11:22 AM
The Federal Housing Finance Agency (FHFA) recently announced a new, streamlined home loan modification program to help Minneapolis home owners who are behind in their payments or own a home with a mortgage that is under water.
The purpose of the recently announced program continues to focus on helping troubled borrowers avoid foreclosure and stay in their homes.
Simplified Modification Criteria Creates More Opportunity For Home Owners
Beginning this summer, on July 1st to be exact, the new Streamlined Modification Initiative will be available to home owners that meet certain criteria.
Interestingly, this new program will require home loan servicers to … (2 comments)

fhfa: New, Mandatory Loan Fees For All Conforming Mortgages - 09/07/12 11:34 AM
Beginning as soon as next week, new, mandatory mortgage fees will push mortgage rates higher throughout Minneapolis and nationwide. Fannie Mae and Freddie Mac are raising their respective "guarantee fees".
Guarantee fees are fees that mortgage-backed securities providers charge to lenders for mortgage-related services including the bundling, selling and reporting of mortgage-backed bonds.
Guarantee fees are also used to insure providers against credit-related losses.
As announced by the Federal Housing Finance Agency, effective for all conforming loans delivered to Fannie Mae or Freddie Mac, beginning November 1, 2012, guarantee fees will be raised by an average of 10 basis … (2 comments)

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