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Despite Political Uncertainty, U.S. Mortgage Rates Stay Low

Despite Political Uncertainty, U.S. Mortgage Rates Stay Low

According to Freddie Mac's latest Primary Mortgage Market Survey for June 2017, the average U.S. mortgage rate continuing to hold at year-to-date lows amidst ongoing economic uncertainty. Read More »


Miami Home Sales Enjoy Best May in History

Miami Home Sales Enjoy Best May in History

According to the Miami Association of Realtors, May 2017 saw 1,344 single-family home sales in the greater Miami area, the most in any May in Miami real estate history, and a 9.9 percent jump from the 1,223 homes sold a year ago. Read More »

Mortgage Applications Increase in U.S. in June

Mortgage Applications Increase in U.S. in June

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending June 16, 2017, mortgage applications in the U.S. increased 0.6 percent from one week earlier. Read More »

Mortgage Credit Risk in U.S. Upticks in 2017

Mortgage Credit Risk in U.S. Upticks in 2017

CoreLogic's Q1 2017 CoreLogic Housing Credit Index is now reporting a relative increase in credit risk for new home loan originations in the U.S. compared to prior periods. Read More »


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Global Property Spotlight

Central Florida Executive Resort-Style Residence Available

Central Florida Executive Resort-Style Residence Available

Expertly designed from the inside-out with a brilliant use of space and attention to detail in that each room shares many common features. Read More »

Last Updated June 23, 2017 8:00 AM ET

North America Residential News Property News

According to the Mortgage Bankers Association, U.S. mortgage credit availability decreased in May 2017. The Mortgage Credit Availability Index (MCAI) decreased 1.1 percent to 181.0 in May.

Led by a decline in multifamily production, nationwide housing starts fell 5.5 percent in May to a seasonally adjusted annual rate of 1.09 million units. Multifamily starts fell 9.7 percent to a seasonally adjusted annual rate of 289,000 units.

Mortgage applications for new home purchases increased 15 percent compared to May 2016. Compared to April 2017, applications increased by 4 percent relative to the previous month.

U.S. Homeownership rate is stuck near a 50-year low because of a perverse mix of affordability challenges, student loan debt, tight credit conditions and housing supply shortages.

Nationally, 4.4 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in March 2017.

The Greater Las Vegas Association of Realtors (GLVAR) reported this week that despite a shrinking housing supply, local home prices and sales continued to rise in May 2017.

According to Zillow analysis, buying the typical U.S. home listed for sale in more than half of the nation's 35 largest markets will require a greater share of income than the median-valued home required historically.

U.S. homeowners with mortgages (roughly 63 percent of all homeowners) have seen their equity increase by a total of $766.4 billion since Q1 2016, an increase of 11.2 percent.

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed mortgage rate dropped for the fourth consecutive week and hitting its lowest level in nearly seven months.

Home flips in Q1 2017 accounted for 6.7 percent of all single family home and condo sales during the quarter, up from 5.8 percent in the previous quarter and unchanged from a year ago.

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $224 on each loan they originated in the first quarter of 2017, down from a reported gain of $575 per loan in the fourth quarter of 2016.

Nearly 6.9 million U.S. homes along the Atlantic and Gulf coasts are at potential risk of damage from hurricane storm surge inundation in 2017 with a total reconstruction cost value (RCV) of more than $1.5 trillion.

U.S. pending home sales in April 2017 slumped for the second consecutive month and were down year-over-year nationally and in all four major regions. Only the West saw an increase in contract signings last month.

In 2016 just 18 percent of homes for sale in the 30 largest U.S. metros were affordable for middle-class Hispanic families and 14 percent were affordable for African-American families.

According to Freddie Mac's latest May 2017 Primary Mortgage Market Survey, the 30-year fixed mortgage rate inched lower for the third consecutive week and setting a new low for the year.

international buyers of residential real estate in the U.S. don't have a significant impact on the overall housing market.

According to a new Walk Score report by Redfin, the Top 10 most walkable U.S. cities with a population over 300,000 were revealed this week. New York, San Francisco and Boston remain the top three most walkable cities in the nation, while Miami leapfrogged Philadelphia.

National U.S. home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade. The median home value in the U.S. is now $198,000, 1 percent higher than peak value hit in 2007.


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