The year 2008 was used as the benchmark for the pending homes sales Index. An index of 100 is equal to the average level of contract activity during 2008. Related Articles
NEW YORK ( TheStreet) – The glut of foreclosed housing inventory kept home prices in check during 2010 and may force prices another 5% lower this year. said the number could have been much higher.
*first tuesday’s projection is based on monthly sales volume trends, as experienced so far this year.. home sales volume in Orange County remains weak and somewhat stuck at just over half the heights seen during the Millennium Boom. Echoing state trends, Orange County saw a decrease in total home sales volume in 2018, ending the year 9% lower than in 2017.
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High-cost markets such as Washington, D.C., Boston, Los Angeles, San Francisco and San Jose, California, cite affordability.
Ellie Mae: Encompass Lending Platform enhances mortgage automation · Mortgage platform provider Ellie Mae has announced the new release of its Encompass Digital Lending Platform which will allow lenders to originate a wider variety of loans. Ellie Mae.
Pending home sales are often considered a leading indicator of existing-home purchases and a measure of the health of the residential real estate market in coming months. "It is very encouraging that buyers are responding to exceptionally low interest rates," NAR Chief Economist Lawrence Yun said in a statement.
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Interest rates have normally been higher for mortgages on second homes. That was because such home purchases were viewed by lenders as more risky. This is due to the fact that second homes can (in some instances) be used as rental property (more on that below), and also because second homes are typically seen as a luxury.
That has forced companies to freeze and even lower employee wages to continue providing health insurance. workers, in turn, have not had their wages grow fast enough to keep up with higher. this.
In August 2013, after mortgage rates climbed above 4.5 percent, sales of previously owned homes. push more and more people out of the market.” “Eventually, if rates go up to where people are not.
AAG launches jumbo reverse mortgage product Finance of America Reverse LLC has launched HomeSafe Select, a proprietary HELOC reverse mortgage loan offered exclusively by. “In building this latest addition to our product suite, we saw an.
Statewide pending home sales in California decreased in March 2016 on an annual basis. Press Releases. The PHSI increased 12.7 percent from an index of 120.3 in February to 135.6 in March.. According to the California Association of Realtors, lower interest rates in more than a year have boosted.