Market Analysis Blog

Distressed Sales Share Falls to Lowest Level in Eight Years

Distressed sales (short sales and REO properties property sales) accounted for just 12.7 percent of residential real estate transactions nationwide in 2014, the lowest share since 2007, according to Black Knight’s February 2015 Mortgage Monitor released today. The share of distressed sales for 2014 was down from 17 percent reported for 2013, according to Black […]

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FHA to lower cost of mortgage insurance

In an effort to make owning a home more affordable, the Federal Housing Administration will dramatically cut the costs associated with the mortgages it backs. Premiums for FHA mortgage insurance, which is designed to protect the agency in case a borrower defaults on a loan, will be cut from 1.35% of a loan’s value to […]

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Income, Inventory Increases Lift October Home Sales

Income growth and rising home inventory levels helped push house sales up in October compared to last year, marking the first major increase year-to-date, according to a report. Redfin reported a 2.2 percent increase in the number of homes sold in October compared to the same month last year, making it the first month to […]

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Freddie Mac: Mortgage Rates Stay Level

Author: Tory Barringer September 5, 2014 Mortgage interest rates stayed fairly level this week, settling in ahead of the Bureau of Labor Statistics August jobs report, which was released September 5. Freddie Mac released on September 4 the results of its latest Primary Mortgage Market Survey, showing the average 30-year fixed-rate mortgage (FRM) coming in at 4.10 percent (0.5 point) […]

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High Rents Prevent Potential Buyers From Owning Homes

The latest conundrum in the U.S. housing market is that while a large majority of the country’s top metro areas are more affordable than they’ve ever been, rental property prices are so high that renters in a large percent of those markets can’t afford to save up enough for a down payment to buy a […]

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Overall Economic Outlook Positive, But Housing Loses Momentum

A second quarter housing rebound combined with an upward movement in economic activity in the first quarter has seemingly given a boost to 2014 full-year economic expectations, according to the August 2014 Economic Outlook put together by Fannie Mae’s Economic and Strategic Research Group. The housing market lost momentum in this same time period, however, […]

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Economy Moving Closer to Norma

After half a year of failed predictions and slow starts, the U.S. economy actually appears to be closing in on normal, at least according to Freddie Mac. Freddie Mac’s latest Economic and Housing Market Outlook shows that the agency expects to see the U.S. housing market driven once again by fundamentals—jobs, household formations, and affordability—rather than economic upheaval. Freddie Mac […]

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In Union there is Strength – Dominic and Co Int’l Real Estate

Click HERE to see why YOU should use a Dominic and Co REALTOR for your Real Estate Needs

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Zillow Announces Acquisition of Trulia

   Combination of companies sets stage to offer more real estate tools and services that empower consumers and drive more business for real estate professionals. The Boards of Directors of both companies have approved the transaction, which is expected to close in 2015. The combined company will maintain both the Zillow and Trulia consumer brands, […]

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Could another Phoenix-area housing shortage be on the way?

The Phoenix area could soon see another shortage of homes for sale, like the one it endured from 2012 to 2013. According to a new report from the W. P. Carey School of Business at Arizona State University, very weak demand is masking the fact that relatively few homes are coming onto the market for […]

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