Today’s News Synopsis:

According to the latest report from Zillow, the Southern States are the places to go to find housing markets with the best appreciation.  The FHFA released their latest report showing a 1.5% increase in home prices in the fourth quarter.  Mortgage rates continue to remain steady due to uncertainty in the market with 30-year rates at 4.16% and 15-year rates at 3.37%.

In The News:

CoreLogic – “CoreLogic Reports Fourth Quarter And Full-Year 2016 Financial Results” (2-22-2017)

“Full-Year 2016 Revenues, Operating Income, Operating Cash Flow, and Free Cash Flow Up Double-Digits From Prior Year to Record Levels.”

Realtor.com – “America’s Hottest Real Estate Markets for February 2017” (2-23-2017)

“The tight just keep on getting tighter. In the last, briefest month of winter (yay!) supplies were scarcer than ever in the residential real estate market, according to a preliminary analysis of our data here at realtor.com.”

Realty Trac – “Analyzing the “Who” Behind Recent Real Estate Boom” (2-23-2017)

“ATTOM Data Solutions, curator of the nation’s largest fused property database, and Clear Capital (www.clearcapital.com),the leading provider of commercial and residential real estate valuations, data and analytics, quality assurance services, and technology solutions, today released a joint white paper titled “Landlord Land” that analyzes the “who” behind the recent real estate boom that has seen home prices reach near all-time highs nationwide even while the national homeownership rate remains near its 50-year low.”

Zillow – “Fastest Appreciating Housing Markets Are in the South” (2-23-2017)

“The nation’s fastest-growing home values have moved from the typical California markets to Southern markets in Florida, Texas and Tennessee, according to the January Zillow® Real Estate Market Reports.”

NAHB – “Apartment and Condominium Market Keeps Momentum Going in Fourth Quarter” (2-23-2017)

“The Multifamily Production Index (MPI), released today by the National Association of Home Builders (NAHB), posted a gain of two points to 55 in the fourth quarter. The MPI has been at 50 or above for five straight years.”

Bloomberg – “Landlords Are Taking Over the U.S. Housing Market” (2-23-2017)

“As rising home prices, slow new home construction, and demographic shifts push homeownership rates to 50-year lows, the U.S. is increasingly a country of renters—and landlords.”

Freddie Mac – “Continued Uncertainty Causes Mortgage Rates to Hold” (2-23-2017)

“Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS^®), showing average 30-year mortgage rates changing by two basis points or less for the fourth consecutive week.”

Federal Housing Finance Agency – “U.S. House Prices Rise 1.5 Percent in Fourth Quarter” (2-23-2017)

“U.S. house prices rose 1.5 percent in the fourth quarter of 2016 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).”