Thursday , 26 November 2015
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Market Analysis

New Study: Great Credit Makes for a Great Rate


    A new study by researchers at Northern Kentucky University to be published next month in the Journal of Housing Economics found that for every 10 point increase in credit scores, borrowers receive a lower mortgage premium above default and interest rate risk ranging from one to five basis points, depending on the loan to value ratio. For every ... Read More »

Confidence in Recouping Purchase Price Soars


  Over the past two years, homeowners’ confidence in recouping the price they paid for their homes has risen 29 percent.  A biennial opinion survey on housing issued conducted by the National Associate of Realtors shows that fears of selling have abated dramatically since the housing recover hit high gear two years ago. Nearly three quarters of owners (71%) disagreed ... Read More »

Rural Communities Attract More Buyers


  Purchase mortgages grew at a faster rate in rural communities than in the rest of the nation last year and rural borrowers paid significantly higher rates of interest than urban or suburban home buyers in 2014, according to an analysis of recently released data from the Home Mortgage Disclosure Act (HMDA) by Keith Wiley, senior research associate at the ... Read More »

TRID and Title: Is Shopping Really an Option?


In 2005 five companies controlled about 92 percent of the national market for title insurance.  Ten years later, only four title insurers now control 86.9 percent of the title insurance business.  In all but five states, only five companies account for 80 percent of more of premiums paid. Despite the introduction of online insurerers a federal policies encouraging consumers to ... Read More »

Student Debt Is a Bigger Barrier to Homeownership than ever


Student loan debt continues to grow as an obstacle in a consumer’s ability to buy a home, as 57 percent of 2015 respondents who acknowledge having student loans said this debt was either “very much” or “somewhat” of an obstacle, compared to 49 percent of 2014 respondents, according to the third annual America at Home survey from NeighborWorks America. The survey ... Read More »

Forecasted Values in 17 Top Markets on Weiss Maps


Want to know what home values in your market will probably look like next July? Here are 17 digital maps from the 100 million house database created by Allan Weiss, former CEO of Case Shiller Weiss.  Each house is a repeat sales index, which enables each index to anticipate values accurately up to 12 months in the future. The colors ... Read More »

Home Prices: The Tilting of America


  The chart below from Case-Shiller’s release today of its July data says it all.  Prices now are shifting a lot on a monthly basis.  The range between appreciating and depreciating markets seems to be growing and no longer do the “sand” states, judicial foreclosure states or foreclosure states or cities with the best economies and most jobs. Rather, with ... Read More »

Boomers Creating Massive Boom in Retrofitting Homes


With 78 million baby boomers entering or on the verge of retirement, a concerted national effort is required to adapt homes and communities for the 73 percent of seniors who prefer to age in place, according to a new report released yesterday by the Bipartisan Policy Center (BPC). The preference to grow older in one’s own home and community stems ... Read More »

Move up Buyers Move the Housing Markets


Purchases by current homeowners helped bolster home prices in August, according to results from the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. “Current homeowner purchases are supporting the housing market,” said Tom Popik, research director for Campbell Surveys. “Metrics such as the sales-to-list price ratio show a strong housing market, particularly in western states. Nonetheless, forward-looking commentary from real estate ... Read More »

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