News

News

22 March 2019

Cost vs. Value: The Home Improvement Projects With the Highest ROI in 2019

Inman News Remodelers across the country took a hit last summer as the cost of building materials spiked dramatically, and the picture for 2019 isn’t much rosier. The percentage of return on investment (ROI) is projected to trend downward for all the replacement projects listed in Remodeling magazine’s newly-released Cost vs. Value Report. Larger indoor remodel projects took a hit […]

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21 March 2019

Mortgage Rates Move Lower

Freddie Mac Freddie Mac today released the results of its Primary Mortgage Market Survey®, showing that mortgage rates dropped with the beginning of spring homebuying season. Sam Khater, Freddie Mac’s chief economist, says, “Mortgage rates have dipped quite dramatically since the start of the year and house prices continue to moderate, which should help on the […]

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21 March 2019

Federal Reserve Keeps Rates Static, Foresees No Interest Rate Hikes In 2019

Inman News Static rates could lead to steady or declining mortgage rates, economists say. The Federal Reserve, in their FOMC statement of March 20th, held interest rates steady at 2.25 to 2.50 percent on Wednesday as was widely expected. The board also signaled it expects no increases in 2019 – after four in 2018 – which could […]

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19 March 2019

In January, Single-Family Rent Rose Fastest Since 2016

Inman News CoreLogic: Rent grew by 3.2% year-over-year to an average or $1,420. The cost of renting a single-family home has grown at its fastest pace since 2016, according to new CoreLogic data released Tuesday. Nationwide, monthly rent for a single-family home grew by 3.2 percent to an average of $1,420 in January, up from one year ago when rent […]

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19 March 2019

CoreLogic: Budding Equity for Homeowners, Foreclosures Nonexistent

Inman News Equity is expanding, and foreclosures are shrinking. From the fourth quarter of 2017 to the fourth quarter of 2018, borrower equity grew by 8.1 percent, or a collective $678.4 billion, while delinquencies fell to their lowest in nearly 20 years, according to CoreLogic’s home equity and loan performance reports. From Dec. 2017 to Dec. 2018, delinquencies dipped […]

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18 March 2019

Builder Confidence Holds Steady

Inman News Homes at lower price points are selling well, according to National Association of Home Builders’ chief economist. Builder confidence remained steady in March with the Housing Market Index (HMI) at 62, on a 0-100 scale, after climbing the past two months, according to the National Association of Home Builders (NAHB) and Wells Fargo. HMI is a weighted average of […]

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15 March 2019

New-Home Sales Dropped 6.9% In January

Inman News The median sale price of new homes was $373,100. Sales of new, single-family homes dropped 6.9 percent from December to January and were down 4.1 percent year-over-year to a seasonally adjusted rate of 607,000, according to the latest data from the U.S. Census Bureau and Housing and Urban Development. “Although existing home buyers are capitalizing on the […]

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14 March 2019

Mortgage Rates Drop

Freddie Mac Freddie Mac today released the results of its Primary Mortgage Market Survey®, showing that the 30-year fixed-rate mortgage dropped 10 basis points to 4.31 percent. Sam Khater, Freddie Mac’s chief economist, says, “Mortgage rates declined decisively this week amid various market reports, a strong bond auction and further uncertainty around the Brexit deal, which all […]

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12 March 2019

Delinquency Rates Fall To Pre-Housing Crisis Levels: CoreLogic

Inman News Only 0.4% of Americans experienced foreclosure in December. The number of homeowners failing to make mortgage payments has dipped to levels unseen since before the 2008 housing crisis. Nationwide, only 4.1 percent of homeowners were delinquent on their mortgage in December, according to CoreLogic’s latest Loan Performance Insights report released Tuesday. Down from 5.3 percent in […]

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8 March 2019

Housing Starts Rebound From December, Still Down Annually

Inman News Housing completions are up month-over-month and year-over-year, according to the latest data from the Census Bureau and HUD. Privately owned housing starts increased 18.6 percent from December 2018 to January 2019, but were still 7.8 percent lower than January 2018, according to the most recent statistics from the U.S. Census Bureau and the U.S. Department […]

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