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Home Prices Post Gains in February

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save April 1, 2014 685 Views Demand Propels Home Prices Upward 2 days ago Home Prices Post Gains in February Home / Daily Dose / Home Prices Post Gains in February CoreLogic Foreclosures Home Price Index Home Prices Market Projections 2014-04-01 Colin Robins About Author: Colin Robins The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago CoreLogic released its Home Price Index (HPI) for February, which found that home prices increased by 12.2 percent from the previous year. The CoreLogic figure includes home prices of distressed sales, and represents 24 months of consecutive year-over-year increases in home prices nationally.Home prices month-over-month also increased, posting a .8 percent gain compared to January, 2014. The monthly figure includes distressed sales.14 states showed double-digit year-over-year growth in February. Colorado, Nebraska, North Dakota, Texas, and the District of Columbia all reached new home price highs, with 22 states at or within 10 percent of their price peaks.”As the spring home-buying season kicks off, house price appreciation continues to be strong,” said Dr. Mark Fleming, chief economist for CoreLogic. “Although prices should remain strong in the near term due to a short supply of homes on the market, price increases should moderate over the next year as home equity releases pent-up supply.”Without distressed sales, which consist of REO properties and short sales, the HPI revealed slightly lower gains.Home prices excluding distressed sales increased 10.7 percent in February from the previous year, and .9 percent from the previous month. All 50 states and the District of Columbia showed year-over-year appreciation when excluding distressed sales, according to CoreLogic.”February marks two straight years of year-over-year gains in national prices across the United States,” said Anand Nallathambi, president and CEO of CoreLogic. “The consistent upward movement in home prices should ultimately prove to be an important stimulant for higher levels of sustained market activity and growth in the housing economy.”CoreLogic also announced a new forecast feature to its report, offering projections for upcoming months. The company projected prices to increase .5 percent in March.Additionally, the home prices with distressed sales are estimated to increase 10.5 percent year-over-year from March, 2013 to March, 2014.CoreLogic projects home prices excluding distressed sales will increase 9.3 percent in March year-over-year, and .4 percent month-over-month.Including distressed sales, the five states with the highest home price appreciation were California (+19.8 percent), Nevada (+18.5 percent), Georgia (+14.2 percent), Oregon (+13.8 percent) and Michigan (+13.5 percent).Excluding distressed sales, the five states with the highest home price appreciation were California (+15.9 percent), Nevada (+14.6 percent), Florida (+13.1 percent), Washington (+11.5 percent) and Hawaii (+11.5 percent). Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News’ sister site. Tagged with: CoreLogic Foreclosures Home Price Index Home Prices Market Projections Subscribecenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Headlines, Market Studies, News The Best Markets For Residential Property Investors 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Massachusetts Foreclosure Activity Decreases in February Next: Consumer Complaints to CFPB Nearly Double in 2013  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Existing-Home Sales Jump 4.9% in May

first_img Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Tagged with: Existing Home Sales Home Sales Inventory NAR Existing-Home Sales Jump 4.9% in May The Best Markets For Residential Property Investors 2 days ago Existing-home sales rose in May at their highest monthly growth rate in years as inventory continued to expand, the National Association of Realtors (NAR) reported.According to NAR, total existing-home sales—representing completed transactions of single-family homes, townhomes, condominiums, and co-ops—jumped 4.9 percent last month to a seasonally adjusted annual rate of 4.89 million. It was the biggest month-over-month boost since August 2011, when sales picked up 5.5 percent, the group reported.Isolating just single-family transactions, sales numbers increased 5.7 percent to an adjusted rate of 4.30 million.”Home buyers are benefiting from slower price growth due to the much-needed, rising inventory levels seen since the beginning of the year,” said NAR chief economist Lawrence Yun. “Moreover, sales were helped by the improving job market and the temporary but slight decline in mortgage rates.”Still, compared to last year, overall sales remained down 5.0 percent, reflecting a higher-cost environment that has driven out some otherwise interested shoppers.In May, the median existing-home price for all housing types was $213,400, a 5.1 percent increase year-over-year. The median single-family home price was slightly higher at $213,600.Home price gains have slowed down over the last half-year, helped in part by increased supply. Last month, NAR reports total housing inventory available for sale was up 2.2 percent to 2.28 million existing homes, representing a 5.6-month supply at the current sales pace.Though an improvement over last year, NAR says current home inventories are still below where they should be for a balanced market, which should come to about a six-month supply. In a report earlier this month, the group said lack of construction is the main problem, with housing starts falling far short of employment gains in many areas across the country.Looking forward, the association hopes further inventory gains and moderation in price increases will spur more activity in the coming months.”The temporary pause in rising interest rates and more homes for sale is good news—especially for first-time home buyers—who likely have a better chance in upcoming months to make a competitive offer that’s in return accepted by the seller,” said NAR president Steve Brown. in Daily Dose, Featured, Headlines, Market Studies, Newscenter_img Sign up for DS News Daily Previous: Inventory Levels Continue to Improve in Florida Next: Case-Shiller: Home Prices Fall Short of Market Expectations Data Provider Black Knight to Acquire Top of Mind 2 days ago June 24, 2014 971 Views Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Existing Home Sales Home Sales Inventory NAR 2014-06-24 Tory Barringer Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Existing-Home Sales Jump 4.9% in May The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

REO Cash Sales Share Hovers Near 60 Percent

first_imgHome / Daily Dose / REO Cash Sales Share Hovers Near 60 Percent in Daily Dose, Featured, News, REO Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post The cash sales share for REO properties was little changed from January to February, falling only slightly from 60 percent to 59.8 percent, according to CoreLogic’s February 2015 cash sales report released Wednesday.The REO cash sales share percentage of 59.8 for February still has not completely recovered from what was termed a seasonal decline from November to December, when fell from 61.1 percent to 58.4 percent, though it did move back up to 60 percent for January.As has historically been the case, REO sales had the largest cash sales share in February, followed by resales (37.6 percent), short sales (34.3 percent), and new home sales (15.8 percent).Though the cash sales share for REO remained near 60 percent, the percentage of total home sales that were REO sales fell slightly from January to February from 9.9 percent down to 9.7 percent. In January 2011 at the height of the foreclosure wave, when cash sales reached their peak, REO sales made up 23.9 percent of all home sales. Resales, which comprise about 80 percent of cash sales, have the most weight on the overall share of cash sales.In all, cash sales accounted for 37.9 percent of all home sales in February 2015, down from 40.6 percent the previous February; the peak occurred in January 2011 when cash transactions comprised about 46.5 percent of all home sales. February 2015 was the 26th consecutive month (since January 2013) for year-over-year declines in cash sales as a percentage of total home sales. If the decline continues at its current rate, the share of cash sales as a percentage of all home sales should fall below 25 percent by mid-2018, according to CoreLogic. Related Articles About Author: Brian Honea Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Servicers Navigate the Post-Pandemic World 2 days ago Cash Sales CoreLogic REO 2015-05-13 Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Demand Propels Home Prices Upward 2 days ago REO Cash Sales Share Hovers Near 60 Percent Previous: Investors Continue to Favor Flipping Over Renting by Narrowing Margin Next: Millennials’ Credit Access Not Hindered by Student Loan Debt, Study Shows Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: Cash Sales CoreLogic REO Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago May 13, 2015 882 Views Demand Propels Home Prices Upward 2 days ago Share Save Subscribelast_img read more

HUD Secretary Castro Says There Is Some ‘Agreement’ Between Parties on Housing Reform

first_img The Best Markets For Residential Property Investors 2 days ago U.S. Representative Ed Royce (R-California) questioned HUD Secretary Julián Castro regarding the need for housing finance reform during a full House Financial Services Committee hearing this week titled The Future of Housing in America: Oversight of the Department of Housing and Urban Development, with Castro agreeing there were ways to introduce more private capital into the market.Royce, a member of the House Finances Services Committee since 1995 and a member of the Capital Markets and Government-Sponsored Entities Subcommittee and the Housing and Insurance Subcommittee, has long been an advocate for taxpayers and transferring mortgage risk to the private market. In late February, he introduced the Pay Back the Taxpayers Act of 2015, aimed at preventing the GSEs from funding housing groups while Fannie Mae and Freddie Mac are under the FHFA’s conservatorship.Castro was making his second appearance testifying before the full House Committee on Financial Services since being sworn in as HUD Secretary in July 2014.Royce asked the Secretary about the GSEs sharing more credit risk with the private sector and about the creating of a common securitization platform allowing for mortgage-backed securities to be issued by other entities besides Fannie Mae and Freddie Mac, and also about the development of a common residential MBS by the two GSEs.”I thought I would just give you the floor to discuss how this might bring private sector capital back into the market and how we might work together to achieve these goals as kind of a building block,” Royce said during the hearing.Castro responded by stating there was some “agreement” between the two parties on the issue of housing reform.”The President has made very clear that he does have an interest, as I think all Americans do, in taking taxpayers off the hook in the event that God forbid we did experience the same kind of housing crisis we did go through,” Castro said. “Agreed that we can find ways to introduce more private capital into the market. With respect to proposed legislation, I think there’s some common principles that are the foundation to build on and we look forward to working with you.”Royce then asked Castro about a reduction in FHA market share for large banks, which he said has been recently cut from 61 percent to 33 percent, and that non-bank financial institutions how have 51 percent of the market share compared to 24 percent several years ago.”Is this troubling, and do you think legal uncertainty maybe is part of the problem in terms of getting the traditional lenders more involved here and what about the need for a greater certainty around the rep and warranty framework here and looking at that as a way of bringing capital back in?” Royce said. “. . . Given the percentage of erosion here in market share and especially the fact that it’s thinly capitalized non-banks that are coming in, I think that it needs to be addressed.”Castro said in his response that “we are looking at that” and that it “makes sense to take reasonable steps to create more business certainty for lenders.” He cited HUD’s Blueprint for Access to Credit as a means of easing risk while expanding the credit box.”We hear from lenders about the uncertainty that does exist regarding potential liability,” Castro said. “We look forward to being able to create greater certainty that will help open up the credit box reasonably for responsible Americans to get access to credit.”Click here to see the exchange between Royce and Castro. in Daily Dose, Featured, Government, News Sign up for DS News Daily Home / Daily Dose / HUD Secretary Castro Says There Is Some ‘Agreement’ Between Parties on Housing Reform Tagged with: Congressman Ed Royce House Financial Services Committee HUD Julian Castro Demand Propels Home Prices Upward 2 days ago Congressman Ed Royce House Financial Services Committee HUD Julian Castro 2015-06-12 Brian Honea HUD Secretary Castro Says There Is Some ‘Agreement’ Between Parties on Housing Reform Previous: Freddie Mac’s STACR Program Receives Prestigious RMBS Award Next: DS News Webcast: Monday 6/15/2015 Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days agocenter_img Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save The Week Ahead: Nearing the Forbearance Exit 2 days ago June 12, 2015 1,298 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Brian Honea Related Articles Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

CFPB Complaint Report Cites Problems With Loan Mod Process

first_img CFPB Complaint Report Cites Problems With Loan Mod Process Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea In the third edition of the monthly complaint snapshot released Tuesday, the Consumer Financial Protection Bureau (CFPB) turned its focus on its most complained-about financial product—mortgages—to take a closer look at the problems consumers are facing with mortgage servicing.The Bureau received 25,732 complaints in August 2015, and 4,574 of those (17.7 percent) were about mortgages, making it the third-most complained about category behind debt collection (29 percent) and credit reporting (22 percent). The CFPB reported that it received 972 fewer complaints in August than it did in July.For August 2015, the CFPB examined problems consumers face with mortgage servicing in certain circumstances. More than half of those complaints about mortgages (53 percent) had to do with problems consumers faced when they were unable to make payments, particularly when applying for a loan modification to avoid foreclosure. Ambiguity and/or delays in the loan modification process were a frequent subject of the complaints, while others said they were not considered for all loss mitigation options available, they were incorrectly denied a modification, or the terms of the modification were unfavorable. Still others complained of frequent changes in the single point of contact or that the servicer pursued foreclosure proceedings while the loan mod application was pending (known as dual-tracking).”Despite strong protections that have been put in place to protect homeowners, this month’s complaint report shows consumers are still having problems when dealing with their mortgages.”The CFPB began accepting complaints from consumers about financial products shortly after opening its doors in July 2011. As of September 1, 2015, the Bureau had received 702,900 complaints in slightly more than four years, and about 192,500 (27.3 percent) of those complaints have been about mortgages, making it overall the most complained-about category. The mortgage market is the largest consumer financial marketplace in the country with more than $10 trillion in total value. The CFPB enacted new mortgage rules in 2014 to ensure strong consumer protections and also ensure that lenders offered affordable mortgages to consumers.”Despite strong protections that have been put in place to protect homeowners, this month’s complaint report shows consumers are still having problems when dealing with their mortgages,” CFPB Director Richard Cordray said. “The Bureau will continue to work to make sure that consumers are being treated fairly on their mortgage issues.”About 30 percent of consumers’ mortgage complaints expressed confusion and frustration with regards to the payment process when loans are transferred, citing unexpected payment increases, difficulty determining who should be paid, or that the borrower was not informed that the loan was being transferred. Some borrowers said the transfer was even more problematic when it occurred when the borrower had a loan modification pending or foreclosure proceedings were in the works; some consumers stated that had they would not have lost their homes if the loan transfer had not occurred.Click here to view the CFPB’s complete monthly complaint snapshot for August 2015.The CFPB’s consumer complaint snapshot had generated some controversy. In late August, the National Association of Federal Credit Unions (NAFCU) wrote a letter to the CFPB recommending that the Bureau cease publishing the monthly snapshot, saying that the analytics are not based on an industry-wide collection of data; they provide only an “insular view of market-data based only on complaint information that the CFPB receives” and therefore do not paint a complete picture. NAFCU stated that the CFPB is incorrectly characterizing the narratives submitted online as statistically relevant “trends and analyses, according to Kavitha Subramanian, Regulatory Affairs Counsel for NAFCU.(Editor’s Note: The Five Star Institute and Black Knight Financial Services published a study in April adding more context to the complaints received in the CFPB’s database. The Five Star Institute is the parent company of DS News and DSNews.com.) September 23, 2015 4,051 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Tagged with: avoiding foreclosure CFPB Consumer Complaint Snapshot Loan Modifications Mortgage Complaints Demand Propels Home Prices Upward 2 days ago avoiding foreclosure CFPB Consumer Complaint Snapshot Loan Modifications Mortgage Complaints 2015-09-23 Brian Honea Share Save Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / CFPB Complaint Report Cites Problems With Loan Mod Process in Daily Dose, Featured, Market Studies, News  Print This Post Previous: Former Fannie Mae Executives Settle With SEC Over Subprime Exposure Claims Next: Share of First-Time Buyers on Agency-Backed Loans Rises, But So Does Risk Subscribelast_img read more

Five Star Conference: Where Business Gets Done

first_img Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Five Star Conference: Where Business Gets Done Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] September 19, 2017 1,357 Views Sign up for DS News Daily  Print This Post Previous: The 5 Best Practices for Diversity Success Next: Mr. Cooper Supporting Customers Affected by Harvey and Irma Tagged with: 2017 five star conference expo hall HOUSING Military Heroes Keys for Life mortgage About Author: Nicole Casperson Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 2017 five star conference expo hall HOUSING Military Heroes Keys for Life mortgage 2017-09-19 Brianna Gilpin Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Home / Daily Dose / Five Star Conference: Where Business Gets Done The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Brianna Gilpin Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, News The Best Markets For Residential Property Investors 2 days ago The Five Star Conference Expo Hall opened Tuesday morning, bringing lenders, servicers, and a number of other mortgage professionals under one roof. Include, the 2017 conference theme, was a topic widely discussed at the DS News and MReport booth where attendees explained its importance.“We like the networking opportunities and being able to connect with different companies from a strategic standpoint,” Kiyoshi Hunt, SVP of ZVN Properties said. “We can meet a lot of the needs our clients have, and maybe uncover some things we didn’t know, and learn about different perspectives.”Tim Rath, Director of Supply Chain and Vendor Management from Safeguard Properties also enjoyed the camaraderie and diversity of the Expo Hall.“If you just look around at the industry, there are a number of different people from different walks of life that are here and have a number of different roles,” Rath said. “I think the Five Star does a great job of encouraging everyone from different phases of our industry to come under one roof together.”John I. Pray, Jr., Brig Gen, USAF (Ret). Pray, President and CEO of Operation Homefront, a national nonprofit whose mission is to build strong, stable, and secure military families, had a chance to stop by the DS News and MReport booth in the expo hall to discuss many attendees favorite event of the conference: the Military Heroes Keys for Life Dinner and Concert where Operation Homefront and the Five Star Institute present five military veterans with a mortgage-free home followed by a concert from rock band Styx.“It means the world to be able to do this,” Pray said. “When you think about it from their perspective it is literally life-changing. It will give them the firm foundation upon which to build a very bright future.”U.S. Army Sergeant Matthew R. Gaff and his family; U.S. Airman First Class Ryan Hampe and his family; U.S. Navy Seaman Shynae Murphy and her family; U.S. Army Specialist Kenyetta Cooper and her family; and U.S. Army Specialist Marchalle Couch were the recipients of the homes, which Ten-X Executive Chairman and Co-Founder Jeff Frieden helped facilitate. “I will not stop until we have no homeless vets,” said Frieden. Subscribe Related Articleslast_img read more

Suburbs: Where Americans are Migrating

first_img Share Save The Best Markets For Residential Property Investors 2 days ago Related Articles in Daily Dose, Featured, Headlines The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] Demand Propels Home Prices Upward 2 days ago Previous: Financial Committee Passes Regulatory Amendment Bills Next: Week Ahead: Beige Book Highlights Economic Conditions Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Suburbs: Where Americans are Migrating Politics and affordability are causing Americans to relocate, according to data released Friday by Redfin.In the first half of 2017, 7.4 percent more people moved out of blue (Democratic) counties than to them, while red (Republican) counties experienced a 1 percent increase. Purple counties, which are classified as counties that share an equal balance of Democrats and Republicans, gained 2.3 percent more than they lost, and swing counties in swing states experienced 1.8 percent more Americans moving in than out.“As blue counties are becoming increasingly less affordable, we see a great number of residents moving to red counties where they can afford the lifestyle they want,” said Redfin Chief Economist Nela Richardson.According to the data, the shift is caused by two primary reasons: economic and political.America’s largest urban cities, which are predominantly in blue counties, are less affordable and housing in those counties are less available. The average blue county home would cost a buyer about $360,000, over 62 percent more than homes in red counties, which average $223,000.“Sure, blue-county incomes are usually higher, but their residents spend on average 32 percent of their household income on rent, nearly 5 percentage points higher than residents of red counties (purple counties fall in between at 30.9 percent), according to the Census,” Redfin reported.Politics can also be a key reason in where Americans decide to move. A separate Redfin survey reported that 41 percent of recent homebuyers hesitated to buy in areas where the majority had political views different from their own. The report also found that less than one in 10 respondents were enthusiastic about moving to a different political climate, and the remaining half was neutral.“At Redfin, we see this as a sign of hope for a less divided country, where people with differing views gain better understanding and tolerance of each other through sheer proximity.”For the full report, click here. Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Suburbs: Where Americans are Migrating Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Brianna Gilpin The Best Markets For Residential Property Investors 2 days ago HOUSING mortgage 2017-10-15 Brianna Gilpin October 15, 2017 1,415 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: HOUSING mortgage Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

Consumers Weigh in On Fed Rate Cuts and Mortgages

first_img Share Save Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: The Risks of Real Estate Fraud Next: Americans React to Affordability Issues Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Home / Daily Dose / Consumers Weigh in On Fed Rate Cuts and Mortgages About Author: Seth Welborncenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily debt Fed Interest mortgage Rates 2019-09-11 Seth Welborn The Best Markets For Residential Property Investors 2 days ago September 11, 2019 1,223 Views in Daily Dose, Featured, Market Studies, News Consumers Weigh in On Fed Rate Cuts and Mortgages Tagged with: debt Fed Interest mortgage Rates Data Provider Black Knight to Acquire Top of Mind 2 days ago A second Fed rate cut is likely, with research indicating there is a 91% chance of the Fed reducing its target interest rate by 25 basis points in September 2019.  In response, WalletHub conducted a survey of consumers to determine how they feel rate cuts can impact their lives and their debt. According to WalletHub, if recent rate hikes are any indication, we won’t see much of a change following a September rate cut, as the mortgage markets have already accounted for the move. However, that is not to say Fed rate changes don’t make mortgages more or less expensive for new borrowers. WalletHub’s analysts estimate that this rate cut has already decreased the cost of new mortgages by around 10 basis points.WalletHub’s survey revealed that 68% of people say the interest rates on their loans are currently too high, while 72% of people say it’s good for their own wallet when the Federal Reserve cuts interest rates. Additionally, 56% of people say it’s good for the economy when the Federal Reserve cuts interest rates.According to another study from Bankrate, 67% of economists believe the Fed will make two or more cuts, while 14% predicted one more. Additionally, another 10 percent predict rate cuts as well as the return of quantitative easing.The likelihood of more rate cuts is due in part to a deteriorating economic outlook. Ninety percent of economists in Bankrate’s survey said that the risks to the outlook were tilted toward the downside, up from 80 percent in the second quarter.“The question we keep asking ourselves is, how many more blows can this aging business cycle take?” Bernard Baumohl, Chief Global Economist at the Economic Outlook Group told Bankrate. “We expect the economy will barely avoid a recession next year, and the consumer should get credit for that. But the escalating trade dispute, along with the havoc it has caused to supply chains and how it dampened economic growth worldwide will all be with us — at least until 2021.” Subscribelast_img read more

Gilmore in US to discuss the future of the undocumented

first_img Calls for maternity restrictions to be lifted at LUH News Twitter 448 new cases of Covid 19 reported today Twitter Gilmore in US to discuss the future of the undocumented By News Highland – June 18, 2014 Pinterest WhatsApp Pinterest Facebook Google+center_img RELATED ARTICLESMORE FROM AUTHOR The Tanaiste and Minister for Foreign Affairs is in Washington today to highlight the plight of the 50-thousand undocumented Irish people living in the US. Well over a thousand of them are estimated to be from Donegal.Eamon Gilmore will attend a series of meetings over the next two days to push for reform of the American immigration system.It’s expected he’ll also discuss the establishment of a regime for future legal migration between Ireland and the US. Facebook NPHET ‘positive’ on easing restrictions – Donnelly WhatsApp Previous articleFather of Derry man who blinded himself in prison wants full investigationNext articleArmstrong’s hamstring rules him out of Donegal tie News Highland Google+ Three factors driving Donegal housing market – Robinson Help sought in search for missing 27 year old in Letterkenny Guidelines for reopening of hospitality sector publishedlast_img read more

Portstewart search called off after woman found safe and well

first_img Nine Til Noon Show – Listen back to Wednesday’s Programme Pinterest By admin – August 16, 2015 WhatsApp GAA decision not sitting well with Donegal – Mick McGrath Portstewart search called off after woman found safe and well Three factors driving Donegal housing market – Robinson Pinterest A search has ended in County Derry after the occupant of a crashed car was found safe and well.The empty Toyota was discovered near Portstewart at Strand Road just before two o’clock this morning.Several search teams including the Portrush RNLI and the Irish Coastguard Helicopter from Sligo have been dispatched to search the shoreline.The woman who owns the car has now been located, and the search has been called off. Calls for maternity restrictions to be lifted at LUH Twitter Google+center_img WhatsApp Google+ Previous articleN15 reopens at Drumkeen following two car crashNext articleMc Conalogue calls for more action on student accommodation crisis admin Guidelines for reopening of hospitality sector published LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitter Facebook Homepage BannerNews RELATED ARTICLESMORE FROM AUTHOR Facebooklast_img read more

Further doubt cast on future of Malin Head Coastguard

first_img Twitter Facebook Previous articlePartner of Donegal man saw two men kick him to deathNext articleGraffiti claiming to name people in drugs trade appears on walls in Derry News Highland Google+ Pinterest WhatsApp Twitter WhatsApp Watch: The Nine Til Noon Show LIVE The government has been unable to offer any reassurance over the future of the Malin Head Coastguard Station and has perhaps cast further doubt.The Fisher report published earlier this year suggested that Malin Head and Valentia Coastguard stations be closed and the service centralised to Dublin.The issue was raised in the Seanad by Brian O’Domhnaill ahead of an Oireachtas meeting on the matter later this month when it is expected the decision making process will be examined.Responding to concerns expressed by Senator Brian O’Domhnaill on the potential closure of the Malin Head Station – Deputy John Perry outlined the government’s view:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/10/peram.mp3[/podcast]Senator O’Domhnaill described the response as bleak:[podcast]http://www.highlandradio.com/wp-content/uploads/2012/10/brian1.mp3[/podcast] Man arrested in Derry on suspicion of drugs and criminal property offences released Google+center_img Further doubt cast on future of Malin Head Coastguard News Facebook PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal HSE warns of ‘widespread cancellations’ of appointments next week Dail hears questions over design, funding and operation of Mica redress scheme By News Highland – October 5, 2012 RELATED ARTICLESMORE FROM AUTHOR Pinterest Dail to vote later on extending emergency Covid powers last_img read more

19 tourists killed in hot air balloon crash in Egypt

first_imgNews 19 tourists killed in hot air balloon crash in Egypt WhatsApp 75 positive cases of Covid confirmed in North Facebook Gardai continue to investigate Kilmacrennan fire Twitter Google+ At least 19 tourists have been killed in a hot air balloon crash in Egypt.There are reports that British, Korean, Japanese and Egyptian people are among the victims.It happened during a flight near Luxor.Witnesses say the balloon suddenly exploded.Christopher Michel was flying in the balloon in front when he realised something had gone wrong.”We heard a loud explosion behind us and I looked back and saw lots of smoke” he said.”Then we could see the reaction of the pilot on the balloon – and he said this hasn’t happened in a long time – and told us to look forward”.”They set the balloon down and then said nothing, and then we heard the emergency vehicles arrive” he added. By News Highland – February 26, 2013 RELATED ARTICLESMORE FROM AUTHOR Pinterestcenter_img Google+ Pinterest WhatsApp Main Evening News, Sport and Obituaries Tuesday May 25th Man arrested on suspicion of drugs and criminal property offences in Derry Further drop in people receiving PUP in Donegal Facebook Twitter 365 additional cases of Covid-19 in Republic Previous articleDiscussion to elimnate fish discards to take placeNext articleOne man protest continues outside Letterkenny General News Highland last_img read more

Mc Hugh wants others to become involved in IDA discussions

first_img Main Evening News, Sport and Obituaries Tuesday May 25th Mc Hugh wants others to become involved in IDA discussions Facebook 365 additional cases of Covid-19 in Republic RELATED ARTICLESMORE FROM AUTHOR Facebook As Oireachtas members in Donegal North East begin the process of quarterly meetings with IDA Ireland  Deputy Joe Mc Hugh wants other individuals and groups to become inv9lved.He says the recent KeyedIn investment in Letterkenny was secured after one LYIT lecturer intervened, and he wants other people and groups to consider what they can do to stimulate investment.Deputy Mc Hugh says while this weekend’s IDA meeting was constructive, the authority cannot operate in isolation………..[podcast]http://www.highlandradio.com/wp-content/uploads/2012/11/jmchu1pm.mp3[/podcast] WhatsApp News Twitter Further drop in people receiving PUP in Donegal Google+center_img Gardai continue to investigate Kilmacrennan fire WhatsApp Previous articleSearches in Omagh and Cumbria as part of Kerr murder investigationNext articleFour issued with Public Order offences after Strabane disturbance News Highland Pinterest Google+ Man arrested on suspicion of drugs and criminal property offences in Derry By News Highland – November 26, 2012 75 positive cases of Covid confirmed in North Twitter Pinterestlast_img read more

28-year-old arrested in Strabane in relation to dissident activity

first_img Twitter 28-year-old arrested in Strabane in relation to dissident activity Pinterest 365 additional cases of Covid-19 in Republic Police investigating dissident republican terrorist activity have arrested a 28-year-old man in Strabane.A number of houses in the Castlegrange area of town were searched yesterday evening.A fortnight ago there were two pipe bombs found by police in town, which were believed to have been targeting officers.It’s understood this arrest is in relation to those incidents.The man has been taken to the serious crime suite at Antrim police station for questioning. Google+ Gardai continue to investigate Kilmacrennan fire News Pinterest Man arrested on suspicion of drugs and criminal property offences in Derry Facebook WhatsAppcenter_img Facebook WhatsApp Previous articleMan in his 40s dies in Tyrone crashNext articleNew state-of-the-art playground to open in Raphoe today News Highland RELATED ARTICLESMORE FROM AUTHOR Google+ Main Evening News, Sport and Obituaries Tuesday May 25th By News Highland – April 19, 2014 Further drop in people receiving PUP in Donegal 75 positive cases of Covid confirmed in North Twitterlast_img read more

British Irish Parliamentary Assembly meeting to discuss making trade easier

first_img 365 additional cases of Covid-19 in Republic By News Highland – October 24, 2011 RELATED ARTICLESMORE FROM AUTHOR News Facebook Man arrested on suspicion of drugs and criminal property offences in Derry Pinterest Twitter British Irish Parliamentary Assembly meeting to discuss making trade easier WhatsApp Google+ Further drop in people receiving PUP in Donegal center_img Previous articlePresidential election votes being cast on Donegal’s islandsNext articleGardai renew information appeal folllowing weekend ATM thefts News Highland Main Evening News, Sport and Obituaries Tuesday May 25th Facebook Google+ 75 positive cases of Covid confirmed in North Twitter The banking crisis and the economy will top the agenda at the British Irish Parliamentary Assembly meeting in England over the next two days.In a joint statement, co-chairs – Lord Cope and Donegal North East TD Joe McHugh – said issues of justice and human rights will also be discussed at the meeting which takes place at the Grand Hotel in Brighton.Deputy Mc Hugh says a major priority must be to make it as easy as possible for Irish firms to trade in the UK…….. Pinterest WhatsApp Gardai continue to investigate Kilmacrennan firelast_img read more

Arlene Arkinsons family to meet with PSNI 20 years after dissapearance

first_img Gardai continue to investigate Kilmacrennan fire Pinterest Arlene Arkinsons family to meet with PSNI 20 years after dissapearance 365 additional cases of Covid-19 in Republic Google+ Google+ Facebook Man arrested on suspicion of drugs and criminal property offences in Derry The family of Arlene Arkinson are meeting with the PSNI today after a new investigating team was appointed to the case.Arlene will be missing twenty years tomorrow, she was last seen by her family on the night of August 13th, 1994.She was heading off to a disco in Bundoran, County Donegal and the last sightings of her alive were in the early hours of August 14th.It’s understood that police are now believed to be preparing a fresh appeal for information to mark the anniversary of the 15-year-old’s disappearance.Arlenes sister, Kathleen says the family are still hopeful of finding her body:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2014/08/arl1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. By News Highland – August 12, 2014 RELATED ARTICLESMORE FROM AUTHOR 75 positive cases of Covid confirmed in North center_img News Twitter WhatsApp Previous articleNew studio album for the SaturdaysNext articleNo extra punishment for Armagh player’s push on Donegal team doctor News Highland Twitter WhatsApp Main Evening News, Sport and Obituaries Tuesday May 25th Facebook Pinterest Further drop in people receiving PUP in Donegal last_img read more