Foreclosures Drop Nationally, Some States Can’t Keep Up by DS News

Atom's Data Sources show recent foreclosure study shows foreclosures are at an 11-year low in ATTOM’s February 2017 Foreclosure Activity, the lowest since 2005. Additionally, foreclosure activity has decreased on a year-over-year basis for the 17th consecutive month. Though foreclosures are dropping nationally, 10 states and the District of Columbia experienced increases in foreclosure activity. D.C. has … Continue reading Foreclosures Drop Nationally, Some States Can’t Keep Up by DS News

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MBA: Mortgage applications rise three-weeks straight Market gears up for spring home-buying season by Brena Swanson

Mortgage applications increased three-weeks straight as the market gears up for spring home-buying season. The latest update from the Mortgage Bankers Association Weekly Mortgage Applications Survey for the week ending March 10 found that applications increased 3.1%  from one week earlier. This is similar to the previous week’s 3.3% increase in applications. Both refinance and purchase … Continue reading MBA: Mortgage applications rise three-weeks straight Market gears up for spring home-buying season by Brena Swanson

How Much Of My Monthly Income Should I Spend On A Mortgage? from Trulia

According to the latest data from Trulia, the median selling price for a home is $192,000. That's far more than most of us could afford to pay in cash, and why most of us take out a mortgage. But don't rely on a lender to tell you how much monthly income you can comfortably spend … Continue reading How Much Of My Monthly Income Should I Spend On A Mortgage? from Trulia

Appraisers Need to Unite to Mitigate Industry’s Risk by Rachel Williams DS NEWS

Whether it’s a single-family home or a high-rise in the heart of downtown, the real estate market hinges on the appraisal. Big data, training new talent, and the uncertain future of the Dodd-Frank Act are all posing challenges to the appraisal industry. Couple that with a concern over new talent acquisition, and we have a … Continue reading Appraisers Need to Unite to Mitigate Industry’s Risk by Rachel Williams DS NEWS

Home Sales Increase as Buyers Avoid Rising Rents by Sandra Lane for DS News

As rents in some areas continue to rise, people are beginning to realize that home ownership might be a better choice. Three Florida economists say this truly is a good time to buy a home in most U.S. cities. Research on this issue was performed by Ken Johnson, Ph.D., Florida Atlantic University; William G. Hardin … Continue reading Home Sales Increase as Buyers Avoid Rising Rents by Sandra Lane for DS News

Freddie Mac: Mortgage rates follow Treasury yield for first time in 2017 Show substantial increase from last week by K. Ramirez HousingWire

Mortgage rates followed the 10-year Treasury yield for the first time in 2017 with a substantial increase from last week. “The 10-year Treasury yield rose about 10 basis points this week,” Freddie Mac Chief Economist Sean Becketti said. “For the first time in weeks, the 30-year mortgage rate moved with treasury yields and jumped 11 … Continue reading Freddie Mac: Mortgage rates follow Treasury yield for first time in 2017 Show substantial increase from last week by K. Ramirez HousingWire