The numbers: Home price inflation slowed further in May as the S&P CoreLogic Case-Shiller 20-city index rose 0.1% in May compared with April on a seasonally adjusted basis. On an annual basis.
National home prices increased by 5% annually in May, the same as the previous month, however the 10-City and 20-City Composite both slipped in annual increases, according to the S&P CoreLogic.
CoreLogic: Completed foreclosures fall by 30% Completed foreclosures fell in 2016.. according to new data from CoreLogic. There were 21,000 completed foreclosures in December, according to CoreLogic.. Foreclosure inventory down by 30%Fed needs to go back to the drawing board HomeBridge completes purchase of operating assets of prospect mortgage homebridge announces completed purchase of the Operating Prnewswire.com In connection with the asset purchase approximately 500 mortgage loan originators from Prospect responsible for $8.4 billion in loan production in 2016 are now HomeBridge mortgage loan originators.Gilbert, Arizona, tops the list of America’s booming neighborhoods The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of American City Business Journals. · It may just be time to go back to the drawing board.After dropping two games stra North Carolina Needs to Go Back to the Drawing Board – Upstate Sports Zone North Carolina has gotten off to a shaky start to kick off the new campaign dropping 2 games in their first 8 games.
According to the National Association of REALTORS, pending home sales dropped by 1.10 percent in June. The S&P Case-Shiller Home Price Index reports for May noted that home prices are growing at a slower rate of 9.30 percent year-over-year than April’s year-over-year growth rate of 10.80 percent. Construction spending was also lower in June.
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New data from S&P Dow Jones Indices and CoreLogic suggests that may just be the case. The latest Case-Shiller. home prices grow at the slowest rate for a calendar year since 2014,” McLaughlin said..
Home price gains dip in May but rise 3.4% annually: Case-Shiller The ‘broad-based moderation’ of home prices continues, according to S&P Dow Jones Indices’ Philip Murphy by Patrick Kearns Staff Writer
Home Price Appreciation Highest in 30 Months -Case-Shiller. Since 1975, the average pace is 1.3 percent; about two-thirds of the time, the rate is between -4 percent and +7 percent. Home prices are rising, but the speed is not alarming.
But the annual rate of decline in home prices showed modest improvement from January, hinting that prices may be. shown by Case-Shiller — which he says actually reflect prices in the fall of 2011.
The Fed has not raised rates yet, but may do so in October. Mortgage rates are expected to rise when the Fed raises its target federal funds rate, which is currently set at 0.00 to 0.25percent. Western Cities Lead Home Price Growth. Case-Shiller reported that as of July, the West continues to see the highest rates of home price growth.
Appraisal volume shows weakened spring housing market Ninth Circuit reverses Wells Fargo hamp dismissal class action HAMP. On August 8, the U.S. Court of Appeals for the Ninth Circuit held that hamp trial period plans (tpps) create a contractual obligation that the servicer offer a permanent modification to borrowers who complete the TPP. Corvello v. Wells Fargo Bank, N.A., Nos. 11-16234, 11-16242, 2013 WL 4017279 (9th Cir. Aug. 8, 2013).
U.S. home prices rose in July at the slowest pace in 10 months as climbing mortgage rates become a more significant factor for a growing number of prospective buyers. The S&P CoreLogic Case-Shiller 20.
Review finds FHA mortgage insurance fund short $13.5 billion We continued to expand customer relationships, reflected by legacy loan growth in our Alabama, Texas and Tennessee markets, in addition to growth in our mortgage and insurance businesses. for.
The Case-Shiller U.S. national home price index reported a 6.2 percent annual gain in June, a healthy but sustainable rate of appreciation. 1 In its latest Outlook Report, Freddie Mac forecasts continued growth in the housing market due to a strong economy and low unemployment rate, which dropped to 3.9 percent in July. 2