Entries by jhreinvest

Inventory Drought Pushes New-Home Sales to 9-Month Low

August 24, 2018 The shortage of homes for-sale continues to depress sales. Sales of newly built, single-family homes dropped last month and are now at the lowest level since last October, the Commerce Department reported Thursday. This follows on the heels of the National Association of REALTORS®’ report earlier this week that showed existing-home sales […]

Drop in Rates Still Doesn’t Budge Loan Demand

DAILY REAL ESTATE NEWS | WEDNESDAY, MAY 30, 2018 Mortgage rates eased last week following recent increases, but would-be home buyers or refinancers didn’t bite. Total mortgage application volume, which reflects for refinancings and home buying, dropped 2.9 percent last week on a seasonally adjusted basis, the Mortgage Bankers Association reported Wednesday. This marked the […]

Homeowner Equity Is Hitting a Record High

DAILY REAL ESTATE NEWS | TUESDAY, APRIL 03, 2018 Homeowners are getting richer, thanks to rising home values. The amount of equity that homeowners can tap into is now at the highest level on record, according to Black Knight Financial Services, a mortgage and finance industry solution provider. The amount a borrower can take out […]

Banks Help Qualify Self-Employed Buyers

DAILY REAL ESTATE NEWS | TUESDAY, APRIL 03, 2018 Self-employed borrowers have struggled to qualify for mortgages with tightened lending rules over the last few years. This has made a lot of people unable to qualify. As lenders face an overall decrease in refinancing originations due to higher interest rates, they are looking to make […]

Home Sales Rebound in Kickoff to Spring

DAILY REAL ESTATE NEWS | WEDNESDAY, MARCH 21, 2018 Low inventory levels and accelerating home prices couldn’t put a lid on existing-home sales in February. Following two consecutive months of declines, existing-home sales rebounded 3 percent in February month over month and reached a seasonally adjusted annual rate of 5.54 million, the National Association of […]

Report: 1 in 4 Homes Now Equity Rich

DAILY REAL ESTATE NEWS | THURSDAY, AUGUST 17, 2017 Homeowners should be feeling richer. At the end of the second quarter, more than 14 million U.S. properties were considered equity rich. (That means the combined loan amount secured by the property was 50 percent or less of the estimated market value of the property.) Nearly […]

Spread the Message: Equity Is Growing

DAILY REAL ESTATE NEWS | TUESDAY, OCTOBER 11, 2016 Home owners, on average, saw a gain in equity of $11,000 last year, according to data from CoreLogic. In states like California, Oregon, and Washington, home owners have seen average increases of nearly $30,000 per person. Read more: 47.2M Homes Nationwide Now Have Equity Since 2011, […]

Sales Contracts Surge to Highest Rate in 10 Years

DAILY REAL ESTATE NEWS | WEDNESDAY, AUGUST 31, 2016 Pending home sales were up in most areas of the country in July, reaching the second highest reading in more than a decade, according to the National Association of REALTORS®’ Pending Home Sales Index. Last month the Midwest was the only region of the U.S. to […]

FHA Condo Relief Coming: President Signs Bill

DAILY REAL ESTATE NEWS | MONDAY, AUGUST 01, 2016 President Obama has signed H.R. 3700 – the “Housing Opportunity Through Modernization Act” into law. The National Association of REALTORS® hailed the development as a “significant step” in eliminating barriers to safe, affordable mortgage credit for condos. The bill was approved unanimously by the U.S. House […]

More Renters Express Doubt About Owning

Daily Real Estate News | Wednesday, July 13, 2016 Renters are taking a dimmer view of home ownership as concerns over housing affordability and student debt have a larger influence on their attitudes, according to the National Association of REALTORS®. NAR’s latest Housing Opportunities and Market Experience (HOME) survey found a growing disconnect in the […]