Tag Archives: MBA mortgage activity

Pending Home Sales, Mortgage Applications Soar

The Mortgage Corner Pending home sales continued to rise in May and are now at their highest level in over nine years, according to the National Association of Realtors. Gains in the Northeast and West were offset by small decreases … Continue reading

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January Housing Prices, Mortgages, Surging

The Mortgage Corner CoreLogic reported that home prices nationwide, including distressed sales, increased on a year-over-year basis by 9.7 percent in January 2013 compared to January 2012. This change represents the biggest increase since April 2006 and the 11th consecutive … Continue reading

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2013 Year of Housing Recovery

The Mortgage Corner Wall Street is jumping on the real estate band wagon. Not only are hedge funds now buying foreclosed homes in bulk, reducing the ‘shadow inventory’ of homes with delinquent mortgages, but the record low interest rates are … Continue reading

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Foreclosures Down, Mortgage Activity Surging

The Mortgage Corner The Mortgage Bankers Association reported that its Refinance Index increased 20 percent from the previous week. This was the highest Refinance Index recorded in the survey since April of 2009. The seasonally adjusted Purchase Index increased 4 … Continue reading

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Housing Values Jump in Q2 2012

The Mortgage Corner Consumers, perk up, as I said last week. Housing values are finally rising nationally. In fact, housing prices in all 20 city-metro areas in the Case-Shiller Home Price Index rose for the first time in years, before … Continue reading

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Housing Recovery Has Begun

The Mortgage Corner This may be the brashest of predictions. Can residential real estate prices actually be recovering? Yes, as housing inventories decline. The National Association of Realtors just reported on the national level, inventory of for-sale single family homes, … Continue reading

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Home Prices Finally Rising!

The Mortgage Corner Even the S&P Case-Shiller Home Price Index, a 3-month average of all existing-home prices that lags all other indexes—such as FHFA and CoreLogic—says home prices are finally showing signs of life. Why? Inventories are declining as investors … Continue reading

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Builder Confidence Rises Five Points in May

The Mortgage Corner It may not seem like much in such a depressed real estate market, but builder confidence in the market for newly built, single-family homes gained five points in May from a downwardly revised reading in the previous … Continue reading

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Where is the Housing Bottom?

The Mortgage Corner The housing bottom is really a function of incomes, jobs, and inventory of houses for sale. All three indicators are favorable for housing sales to pick up this year. But prices have to bottom first. The main … Continue reading

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