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Results: 1114 Articles found.

March 2015

Report: Multifamily Sales Volume Achieves New High

Multifamily sales volume reached a new high in 2014, and debt and equity markets remained strong, according to real estate firms JLL and Marcus & Millichap, MBA NewsLink reported Jan. 29. The multifamily sector saw $100 billion in fourth quarter transactions, up 32 percent from the same point a year ago.   Read more about the state of the multifamily market .

 

March 2015

Appraisals Blamed for Slow Closings on Auctioned Homes

A home auction program launched last May in Detroit met its goal of auctioning nearly 400 abandoned homes, but only one-third of the sales actually closed — a snag that’s being partly blamed on appraisals and the comparisons being used, The Detroit News reported Jan. 23.    Read more about Detroit’s home auction program .

 

March 2015

CFPB Proposes Expanded Rural Financing

The Consumer Financial Protection Bureau on Jan. 29 proposed several changes to its mortgage rules to expand lending in rural and other underserved areas. If finalized, the proposal would increase the number of financial institutions allowed to offer loans in those areas.   Read more about CFPB’s proposed changes .

 
March 2015

Court Rules Fannie, Freddie Lawsuits Can Proceed

The U.S. Court of Federal Claims on Jan. 28 rejected a bid by the federal government to delay a series of lawsuits filed by investors challenging the U.S. Department of the Treasury’s decision to take profits from now-profitable Fannie Mae and Freddie Mac, Bloomberg reported.   Read about the court’s decision . 

 
March 2015

Report: Homeownership at 20-year Low

The U.S. Department of Commerce announced Jan. 29 that the nation’s homeownership rate dropped to 63.9 percent in the fourth quarter — a 20-year low, Reuters reported. However, household formation more than quadrupled during the fourth quarter 2014 to 1.7 million, which is expected to help spark home sales.   Read more about the direction of the U.S. housing market . 

 

February 2015

Homebuyers Willing to Pay More for Solar; AI Aids in Research

Homebuyers are willing to pay more for homes with host-owned solar photovoltaic energy systems, according to a report released Jan. 13 by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory. Two Appraisal Institute professionals contributed to the landmark study as part of a multi-institutional research team. Read more about the solar study and AI’s contribution to it .

 

February 2015

Report: Home Affordability Bigger Concern than Availability

Potential buyers said they are more concerned with home affordability in their desired markets than with home availability — the first time in three years that buyers rated affordability as their biggest concern, real estate analytics firm Redfin reported in its Real-time Buyer Survey released Dec. 29.       See Redfin’s Real-time Buyer Survey results.

 
February 2015

RealtyTrac: Where Wall Street is Most Likely to Be a Landlord

The number of single-family homes purchased by institutional investors from January 2012 through October 2014 totaled 460,840, accounting for 4.92 percent of single-family sales during that period, analytics firm RealtyTrac reported Jan. 8. Counties with the most institutional investor purchases were Maricopa County (Arizona), Harris County (Texas), Mecklenburg County (North Carolina) and Tarrant County (Texas).  Read more of RealtyTrac’s report on institutional [...]

 

February 2015

FHA to Reduce Annual Insurance Premiums

The U.S. Department of Housing and Urban Development on Jan. 8 said that the Federal Housing Administration will lower by a half-percent the annual premiums borrowers will pay. This action is projected to save more than two million FHA homeowners an average $900 annually and spur 250,000 homebuyers to purchase a home over the next three years. Read about HUD’s plans to reduce FHA premiums .

 

February 2015

Bill to Tweak QM Rule Has Chance in New Congress

Mortgage lenders hope the new Republican Congress will be open to making changes to the qualified mortgage rule that took effect January 2014, National Mortgage News reported Jan. 5. The QM rule requires loans to be insured by the Federal Housing Administration or the U.S. Department of Housing and Urban Development and have limits on points and fees. Read more on the chance for QM change .

 
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