October 26, 2011 (Shirley Allen) Monthly home prices fell for the first time in four months in August according to the Federal Housing Finance Agency’s monthly House Price Index (HPI), declining by 0.1 percent from July. Home prices were four percent lower than in August 2010. […]
October 25, 2011 (Chris Moore) Home prices in August showed modest improvement as index levels for both the 10- and 20-City Composites increased by 0.2 percent from July to August, the fifth consecutive month of increases according to the latest S&P/Case-Shiller Home Price Indices. […]
October 25, 2011 (Jeff Alan) Significant delays in mortgage approvals are causing a backlog in home purchase closings with approval times that are normally around 30 days being stretched to 45 to 60 days according to the latest Campbell/Inside Mortgage Finance HousingPulse survey. […]
October 25, 2011 (Chris Moore) Weekly home sales volume remained flat from last week while home prices fell for the second straight week according to the National Home Sales Snapshot released by DataQuick. […]
October 24, 2011 (Chris Moore) The Senate voted 60 to 38 to add an amendment to an existing spending bill that would restore the higher conforming loan limits that had expired on September 30th. The housing industry has been pushing for a restoration of the loan limits claiming the new lower limits could weaken an [...]
October 24, 2011 (Shirley Allen) Monthly mortgage delinquency rates declined by 0.5 percent in September but the number of homes advancing into foreclosure increased according to the latest “First Look” Mortgage Report released by Lender Processing Services (LPS), which is derived from its loan-level database of nearly 40 million loans. […]
October 24, 2011 (Shirley Allen) Monthly mortgage loan applications to the Federal Housing Administration (FHA) declined 9.6 percent last month while refinance activity continues to be sharply less than a year ago according to the agency’s Single-Family Outlook report for September. […]
October 21, 2011 (Jeff Alan) Radar Logic’s RPX Composite Price Index (CPI) for August declined 0.8 percent from July, reflecting the largest decline for this time of the year since 2008. A study in this months report also found that the new lower conforming loan limits should have a minimal impact on home prices. [...]
October 21, 2011 (Shirley Allen) After a promising second quarter in which foreclosure activity in California reached a four year low, default notices in the third quarter of 2011 bounced back to the previous levels seen at the beginning of the year and at the end last year according to real estate information provider DataQuick. [...]
