November - 2016

Foreclosure Activity Follows Recovery Track

RISMEDIA, Thursday, November 10, 2016— Foreclosure activity continues to follow a recovery track, with completions and inventory down in September, CoreLogic® reports. According to its September 2016 National Foreclosure Report, completions declined 7.0 percent in September to 36,000, and inventory, which included approximately 340,000 of all homes with a mortgage, declined 31.1 percent. “Completed foreclosures have fallen by a total of more than 100,000 homes during the 1

Fannie Index: Housing Hangs on in Declining Outlook

RISMEDIA, Thursday, November 10, 2016— More consumers believe now is a good time to buy or sell a home, though in the face of other indicators to the contrary, signaling a sliver of favor for housing. The recently released Fannie Mae Home Purchase Sentiment Index® (HPSI) continued its decline 1.1 points to 81.7 last month, driven by four of the six indicators in the Index. In October: Consumers reporting higher income dropped eight percentage points. Consumers reporting hi

Election Outcome Calls Rate Hike into Question

RISMEDIA, Thursday, November 10, 2016— The outcome of the presidential election has called into question prior indicators of an interest rate rise in December, with analysts now expecting the Federal Reserve to keep the key rate unchanged as markets respond to the result. Housing, currently, is projected to maintain relatively status quo. “The lead-up to the election had no impact on home sales or demand; pent-up demand, historically low mortgage rates, relatively strong j

Buying a Home? How Technology Can Help

Technology touches every part of our lives, and buying a home is no exception. With an abundance of websites and apps at the homebuyer’s disposal, how do you know what’s worth your time and what isn’t? And what about a real estate agent? Where do they fit in? Here’s a game plan for using technology to your advantage when searching for your home-to-be. Get prequalified. Before you even begin your home search, find out how much house you can really afford by using an online

Fall into Home Maintenance

As the days get shorter and the nights get cooler, the urge to lounge on the couch by the fireplace becomes powerful. But before you start your winter hibernation, it’s imperative to take care of certain fall maintenance projects around your home. Start by checking the outside of your home for peeling or blistering paint, which can be a sign that the existing paint film is failing and can no longer protect the siding, says Carl Minchew of Benjamin Moore Paints. Take care o

Rents Level Off as Inventory Moves to Meet Demand

Taken from RISMEDIA, Tuesday, October 25, 2016— Rents are leveling off as inventory moves toward meeting ever-strong demand and apartment markets soften, according to the National Multifamily Housing Council’s (NMHC) October 2016 Quarterly Survey of Apartment Market Conditions. “The growing supply of new apartments, primarily in the Class A space, appears to have finally reached a level to slow the historically high rent growth,” said NMHC Chief Economist Mark Obrinsky in

Millions of First-Time Buyers in Motion as Trended Data Expands Opportunity

Taken from RISMEDIA, Tuesday, October 25, 2016— First-time homebuyers are expected to enter the housing market by the tens of millions within the next five years, with nearly three million projected to join in 2017, according to a recently released study by TransUnion. The study approximates between 13.8 to 17.1 million first-time homebuyers will enter the market over the next five-year period. The findings were determined based on mortgage purchase market growth projectio

Millennials Make Compromises Now, but Eye Homeownership in the Future

Taken from RISMEDIA, Tuesday, October 25, 2016— A majority of millennials are making compromises to secure affordable housing, including renting and staying at home longer, a recent survey by The NHP Foundation reveals. More than three-quarters (76 percent) of millennials have compromised for affordable housing, according to the survey’s findings, with 46 percent of respondents living at home with family, 43 percent putting off saving for the future, 41 percent living with

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