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 […]
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 […]
The typical price increase for homes that sold above the listed price was 3.1 percent By Jeff Sorg, OnlineEd Blog (January 12, 2018) (SEATTLE, Jan. 11, 2018 /PRNewswire/) — Buyers paid more than the asking price in nearly one quarter (24 percent) of U.S. home sales in 2017, netting sellers an additional $7,000 each. Five years ago, 17.8 percent of […]
Median Sale Price Hits $377,100 By Jeff Sorg, OnlineEd Blog (December 22, 2017) (WASHINGTON, D.C. – HUD) Sales of new single-family houses in November 2017 were at a seasonally adjusted annual rate of 733,000. This is 17.5 percent (±10.4 percent) above the revised October rate of 624,000 and is 26.6 percent (±16.6 percent) above the November 2016 […]
There were 58,000 families with children experiencing homelessness on a single night in 2017 By Jeff Sorg, OnlineEd Blog (December 7, 2017) WASHINGTON – There is a great deal of variation in the data in different parts of the country, however, and many places continue to see reductions in homelessness. Thirty (30) states and the District […]
U.S. National Home Price NSA Index reported a 6.1% annual gain in August, up from 5.9% in the previous month By Jeff Sorg, OnlineEd Blog (November 1, 2017) (NEW YORK, OCTOBER 31, 2017) – S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released […]
Portland and Seattle have declared states of emergency in response to the number of people experiencing homelessness By Jeff Sorg, OnlineEd Blog (PORTLAND, Aug. 3, 2017/Zillow®/) Rising rents urban areas are creating crisis levels of homelessness that will continue or accelerate as rents rise, Zillow® research has found. The connection between homelessness and increasing rents is especially strong […]
In their first year of ownership, new home buyers spend about $10,601 By Jeff Sorg, OnlineEd Blog (July 14, 2017) A new consumer spending analysis from the National Association of Home Builders (NAHB) highlights another reason why home building helps drive a healthy economy: In their first year of ownership, new home buyers spend about $10,601 […]
Fewer than five percent of homes for sale in Portland, Los Angeles, and Denver were affordable on median African-American and Hispanic incomes in 2016 By Jeff Sorg, OnlineEd Blog (June 30, 2017) In 2016, just 18 percent of homes for sale in the 30 largest U.S. metros were affordable for middle-class Hispanic families and 14 […]
Home sales to first-time homebuyers up 11% during First Quarter 2017 By Jeff Sorg, OnlineEd Blog (June 12, 2017) RICHMOND, VA., June 8, 2017 – Over the past 10 years, three million first-time homebuyers have been kept out of the home purchase market, according to Genworth Mortgage Insurance, an operating segment of Genworth Financial, Inc. […]