FHA is instructing lenders to provide a second independent property appraisal in cases where FHA determines there may be inflated property valuations.
Existing-home sales fell in July 2018 to their slowest pace since February 2016, according to a report by the National Association of Realtors®(NAR).
Home value growth is slowing in almost half of the 35 largest U.S. metros By Jeff Sorg, OnlineEd Blog (August 16, 2018) (SEATTLE) Zillow®/PRNewswire – The share of home listings with a price cut is greater now than a year ago in two-thirds of the nation’s largest housing markets, according to a new Zillow® analysis. The share of listings […]
Waterfront home price premium drops 18% since 2012 By Jeff Sorg, OnlineEd Blog (July 20, 2018) (SEATTLE) PRNewswire- The premium for living on the water isn’t as high it used to be. Homes along the water sold for a 36 percent premium in the first quarter of 2018, according to a new Zillow® analysis. The extra cost for […]
Housing Starts Collapse in June By Jeff Sorg, OnlineEd Blog (July 18, 2018) (Washington, D.C.) US Department of HUD – The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for June 2018. Here’s how they stack up: Building Permits Privately-owned housing units authorized by building permits […]
A single homebuyer would need to save for nearly 11 years to reach a 20 percent down payment on the typical U.S. home By Jeff Sorg, OnlineEd Blog (February 17, 2018) SEATTLE /PRNewswire/ — In today’s highly competitive housing market, finding an affordable home can feel increasingly out of reach, especially for singles. A single homebuyer would […]
Share of consumers say it’s a good time to sell – buyer sentiment weakens By Jeff Sorg, OnlineEd Blog (January 9, 2018) (WASHINGTON, DC) Fannie Mae – The Fannie Mae Home Purchase Sentiment Index® (HPSI) rose 3.7 points in January to 89.5, reversing the decrease seen last month and reaching a new all-time survey high. The increase can be attributed […]
Disaster recovery funds to help repair damaged housing and businesses By Jeff Sorg, OnlineEd Blog (February 2, 2018) Washington, D.C. (HUD) – The U.S. Department of Housing and Urban Development (HUD) announced that it has granted more than $1.5 billion to help Puerto Rico to recover from Hurricanes Irma and Maria. HUD’s Deputy Secretary Pamela Hughes Patenaude announced the […]
NAR implements new internal organizational structure and changes to senior management to effectively and efficiently serve its members. By Jeff Sorg, OnlineEd Blog (January 19, 2018) (CHICAGO) NAR – The National Association of Realtors® has announced a new internal organizational structure and changes to its senior management team to more effectively and efficiently serve its 1.3 million […]
Closing rates increased across the board with closing rates on all loans increasing from 70.9 percent to 71.2 percent By Jeff Sorg, OnlineEd Blog (January 18, 2018) (PLEASANTON, Calif.) Ellie Mae – The percentage of refinances rose to 40 percent of all closed loans, up 1 percent from the month prior according to the December Origination Insight Report from Ellie […]