Home buyers seeking assistance paying their down payments are better off in Southern real estate markets than elsewhere, according to a new survey and analysis by Down Payment Resource (DPR). The DPR’s June Homeownership Program Index analyzed 1,654 programs available nationwide. Across Down Payment Resource’s databank, nationally, 90 percent of programs are funded with the greatest number of programs available … Read More »
While nearly half of Americans move for housing-related reasons (48 percent), the percentage has fallen from its peak of 52.8 percent in 2004. Both job-related (19.4 percent) and family-related (30.3 percent) reasons have been on the rise over the past 15 years according to a report released today by the Census Bureau. Among the 36 million people 1 year … Read More »
In the first quarter, Texas had the highest percentage of mortgaged residential properties in an equity position at 96.7 percent, followed by Montana (96.3 percent), Alaska (95.7 percent), North Dakota (95.7 percent) and Hawaii (95.6 percent) according to the latest report from CoreLogic. CoreLogic said more than 300,000 homes returned to positive equity in the first quarter of 2014, bringing … Read More »
Home prices are projected to increase 1.0 percent every month from until May 2014, reaching an 6.3 percent year-over-year increase (+/- 1.5 percent) from April 2014 to April 2015, according to the latest forecast by the CoreLogic Home Price Index. excluding distressed sales like foreclosures and short sales, prices are expected to rise between 0.8 percent month over month and … Read More »
With expectations high heading into spring, it’s been a decidedly underwhelming season. May marks the fifth consecutive month national yearly home price growth has softened. By year’s end, home prices are expected to normalize in the sub 5% annual growth range according to Clear Capital’s latest forecast in July’s HDI Market Report. Despite a lethargic spring buying season, the range … Read More »
Housing markets overall are largely flat compared to a month ago and especially since last year at this time. Of those markets that are improving or experiencing a stable range of housing activity, most are benefiting from the energy boom taking place along the country’s mid-section. Freddie Mac’s Multi-Indicator Market Index (MiMi) reports that: The national MiMi value stands at … Read More »
Prices have sagged in South Carolina for several years, making markets like Myrtle Beach and Charleston popular sites for dozens of best bargain lists. The latest quarterly report from the government’s FHFA House Price Index (HPI) reports the Charleston market led the nation in price increases during the first quarter. As measured with purchase-only indexes for the 100 most populated … Read More »
Sales rose in April by 1.3 percent over March, a weak tick upward at the height of the traditional sales season. Sales reached an annual rate of 4.65 million units, marking only the second increase in sales in nine months, short by 6.8 percent from a year ago. The April sales disappointed economists who had expected 4.68 million sales. Sales … Read More »
April sales were 10.9% better than they were in a rather dismal March, but they were still slower than they were a year ago by 7.8%, according to RE/MAX’s monthly market report. In March, all 52 surveyed metro areas reported monthly sales increases, a trend continued in April with 50 of the 52 metros experiencing sales increases from the previous … Read More »
Despite a decrease in overall foreclosure activity, bank repossessions in April increased 4 percent from the previous month, although they were still down 14 percent from a year ago. There were a total of 30,056 bank repossessions nationwide in April. Bank repossessions increased from the previous month in 26 states and were up from a year ago in 16 states, … Read More »
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