Housing Affairs Letter

Housing Market Notes

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A Summary of Industry Activities

Foreclosures were down 8% in 2018 compared to 2017 and were down 78% from a peak of nearly 2.9 million in 2010 to the lowest level since 2005 according to ATTOM Data Solution’s Year-End 2018 U.S. Foreclosure Market Report.

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A Summary of Industry Activities

Plunging mortgage interest rates have prospective homebuyers flocking to lenders to lock in more favorable interest rates. At the same time, homeowners surge to lenders seeking mortgage refinancing to lower their mortgage premiums through loan refinancing. The Mortgage

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A Summary of Industry Activities

Prospective homebuyers receive a New Year’s bonus in the lowest interest rate since September and many are expected to take advantage of the low to lock in a choice rate before the rate climb is expected to resume. Housing economists expect the rate to reach 5.25% by

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A Summary of Industry Activities

While the costs of building materials are on the rise, it’s the increasing cost of labor that is stymieing the availability of new housing. That is the finding by BuildZoom economist Issi Romem in his new analysis of the reason for stratifying construction costs across the country. In

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A Summary of Industry Activities

Mortgage interest rates drop to their lowest point in three months, but the drop isn’t translating into more homes sales. While the Mortgage Bankers Association reports mortgage applications are up (see separate story this issue), prospective homebuyers are likely trying to lock in a

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A Summary of Industry Activities

Stock market volatility and investor retreat into the safety of long-term Treasury bonds force mortgage interest rates into drop for the third consecutive week, taking them to a two-month low. Mortgage rates track the benchmark 10-year Treasury note, and yields on those bonds

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A Summary of Industry Activities

Rising mortgage interest rates and increasing home prices will make it more difficult to buy or sell a home in 2019 according to the National Assoication of Realtors 2019 housing forecast. The outlook posted at Realtor.com shows the housing market posting modest inventory gains.

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A Summary of Industry Activities

Interest rates on home mortgage loans hold steady this week only days after soaring to nudge the 5% mark. Investors have turned to the safety net of Treasury bonds as concerns about the Chinese economy and other economic and political hotspots take their toll on the stock market.

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A Summary of Industry Activities

Rates for home loans soared this week as the rates push the 5% mark for the first time since January 2010. The surge sets up a new hurdle for an already choked housing market. Coupled with increasing home prices, lack of options, soaring cost of building materials and

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A Summary of Industry Activities

Following months of meteoric price rises sending the housing market out of kilter, price gains continued to cool in August according to the latest S&P CoreLogic Case-Shiller survey. The data show home-price gains in 20 U.S. cities cooled to the slowest pace since 2016. The

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