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Ruling Made By Ninth Circuit Court in Favor of Fannie Mae has been Overruled

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Today’s News Synopsis: The NAHB reported builder confidence continues to hold steady, having only decreased 2 points to 67.  The Mortgage Bankers Association reported a 0.8% increase in mortgage applications from last week.  A ruling made by the Ninth Circuit Court allowing Fannie Mae to bring state lawsuits directly to the Federal Court has been […]

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Memories of Financial Crisis Hindering Buying Despite Home Values Increasing

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Today’s News Synopsis: Despite the values of homes increasing, consumers are still hesitant to buy due to painful memories of the financial crisis.  Deutsche Bak reaches settlement of $7.2 billion with Justice Department for dishonest practices.  Real estate purchases in Brooklyn are exceeding those of Manhattan. In The News: CNBC – “Rising home values aren’t enough

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Profit and Mortgage Numbers Positive for 4 Large Banks

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Sources: Housing Sentiment Dampened by Rising Rates, Depsite Improved Economic Confidence Post-Election 55+ Housing Market Shows Continued Growth CoreLogic Reports 26,000 Completed Foreclosures in November 2016 Confidence in the Economy is Surging Mortgage Rates Lower Again Dubai’s Real Estate Markets Poised to Rebound in 2017 Housing Will Continue Gradual Climb to Higher Ground in 2017

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Foreclosure Filings Decreased to their Lowest in 10 Years Last Year

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Today’s News Synopsis: Foreclosure filings decreased to their lowest in 10 years last year according to the latest ATTOM Data Solutions report.  Mortgage rates decreased again for the second week in a row with 30-year rates at 4.12% and 15-year rates at 3.37%.  Dr. Ben Carson told the Senate Banking Committee his plans today for

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NAHB Stated Multifamily Market Continues To Remain Strong Despite Slight Slowdown

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Today’s News Synopsis: The NAHB gave an update on the multifamily housing market at their latest International Builders’ Show, saying it has slowed down a little but continues to remain strong.  On the same note, Freddie Mac was named the top lender for multifamily loans for the second consecutive year.  The latest Consumer Confidence Index

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Single-Family Production To Continue to See Growth in the Coming Year

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Today’s News Synopsis: The NAHB reported growth in the housing market for the 55 and up age group, growth they expect to see continue.  26,000 foreclosures were completed in November according to CoreLogic’s November foreclosure report.  The NAHB also reported single-family production will continue to grow in the coming year with the stronger economy, employment,

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Fannie Mae Reports Decrease in Housing Sentiment by 0.5 Points

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Today’s News Synopsis: According to the latest Home Purchase Sentiment Index from Fannie Mae, housing sentiment saw a decrease for the fifth month in a row, dropping 0.5 points to 80.7.  The latest Mortgage Monitor report released today by Black Knight Financial Services showed the delinquency rate is not decreasing but returning to normal levels.

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Zillow Releases Latest Report on the Hottest Housing Markets

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Sources: Mortgage Applications Decreased Over Two Week Period in Latest MBA Weekly Survey CoreLogic US Home Price Report Shows Prices Up 7.1 Percent in November 2016 Buying More Affordable than Renting in 66 Percent of U.S. Housing Markets And the Top-Ranked Metros Are… MiMi: Multi-Indicator Market Index Fed Officials See Gradual Rate Hikes as Upside

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T.J. Clark of TurnKey Joins Aaron Norris on the Real Estate Radio Show #520

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Aaron Norris is joined again this week by TJ Clark. T.J. is with TurnKey Rentals. Prior to co-founding them, he was the president and CEO of Limos.com, which expanded globally and launched partnerships with companies like Orbitz, Sabre, Concur, Delta Airlines, and OpenTable. Prior to that, T.J. was V.P of Operations at IAC/InterActiveCorp, which included

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Buying More Affordable Than Renting in 66% of U.S. Markets

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Today’s News Synopsis: The latest report from ATTOM Data Solutions shows 66% of markets in the U.S. believe it is more affordable to buy than to rent.  The Mortgage Bankers Association reported a 0.6% increase in mortgage credit availability last month.  Lending on commercial and multifamily properties is expected to be strong and healthy this

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