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The Geographic “Flip-Flop” in Home Price Growth

first_img The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Geographic “Flip-Flop” in Home Price Growth The S&P CoreLogic Case-Shiller Indices reported a  3.2% annual gain in July, remaining the same from the previous month. The 10- City Composite annual increase came in at 1.6%, down from 1.9% in the previous month. The 20-City Composite posted a 2.0% year-over-year gain, down from 2.2% in the previous month. Phoenix, Las Vegas and Charlotte reported the highest year-over-year gains among the 20 cities. In July, Phoenix led the way with a 5.8% year-over-year price increase, followed by Las Vegas with a 4.7% increase, and Charlotte with a 4.6% increase. Seven of the 20 cities reported greater price increases in the year ending July 2019 versus the year ending June 2019. “Year-over-year home prices continued to gain, but at ever more modest rates,” says Philip Murphy, Managing Director and Global Head of Index Governance at S&P Dow Jones Indices. “Charlotte surpassed Tampa to join the top three cities, and Seattle may be turning around from its recent negative streak of YOY price changes, improving from -1.3% in June to -0.06% in July. “The geographic flip-flop of home price growth has cemented itself strongly across the country,” said Dr. Ralph B. McLaughlin, Deputy Chief Economist and Executive of Research and Insights for CoreLogic. “Pacific markets are now making up a majority of housing markets with the lowest price growth, while second-tier markets in the South and Midwest continue to lead the country. This is a result of years of unprecedented yet unsustainable growth along the West Coast, combined with stubbornly solid economic growth that is benefitting areas initially left out of the recovery from the Great Recession.”“The summer’s low mortgage rates proved attractive to buyers, especially families, meshing with a buoyant consumer optimism and leading to rising sales,” said George Ratiu, realtor.com Senior Economist. “As prices continued marching upward in top cities, homebuyers expanded their search to more affordable options, leading to solid growth in southwestern and southeastern markets, such as Phoenix, Las Vegas, Tampa, and Charlotte. In addition to mid-sized metros, young homebuyers contributed to the current suburban renaissance, where lifestyle amenities are matched by higher affordability. For home shoppers, this week presents a golden window of buying opportunity when less competition meets price reductions and improved inventory.”“Growth in home prices, as measured by the Case-Shiller Home Price Index, is beginning to stabilize in July,” Tian Liu, Chief Economist. “The more than 100 basis point decrease in mortgage rates since November has had a significant impact on the housing market by boosting purchasing power of buyers and reviving home sales.  That extra purchasing power has already reduced inventory in the national housing market. Historically, tighter supply has been a good indicator of determining the direction of home price growth.” September 24, 2019 844 Views Servicers Navigate the Post-Pandemic World 2 days ago Previous: Talking Property Preservation and Diversity Next: Discussing the Default Landscape 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. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Cities Home Price Sales 2019-09-24 Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Investment, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Cities Home Price Sales  Print This Post Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Related Articles Home / Daily Dose / The Geographic “Flip-Flop” in Home Price Growth Subscribe Demand Propels Home Prices Upward 2 days ago About Author: Seth Welbornlast_img read more

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Big Apple Tax Changes Could Impact Investors

first_imgHome / Daily Dose / Big Apple Tax Changes Could Impact Investors The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 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. New York City is considering changes to its property tax guidelines, and according to New York Times, the proposed changes could have positive and negative impacts on investors and residents alike. The city’s proposal is likely to affect 90% of homeowners in the city, from low-income homeowners to large-scale investors and property owners.According to NYT, single-family homeowners in parts of Queens, Staten Island and the Bronx are likely to see lower taxes under the new bill. Additionally, low-income homeowners citywide could qualify for a “partial homestead exemption,” limiting tax bills to certain percentages of household income.Higher priced homes, including luxury condos, are likely to be taxed more, as well as out-of-town homeowners.“People who own a pied-à-terre in Manhattan will be paying more,” said James A. Parrott, director of economic and fiscal policies at the Center for New York City Affairs at the New School and member of the commission that drafted the bill.Outside of New York City, changes to tax foreclosure laws in the state are likely to increase the number of foreclosed properties compared to prior years. The Oswego County News reports that county officials could have more than triple the number of foreclosure in 2020 as previous years as new measure cuts the foreclosure process in half.Statewide, however, ATTOM revealed that foreclosure starts in New York were down 28% in 2019. Foreclosure starts across the nation fell 9% last year. Buffalo, New York—roughly 150 miles west of Oswego—saw an annual increase in REOs with its share rising 16% last year. Honolulu, Hawaii, reported a 34% increase in REO properties.“The continued decline in distressed properties is one of many signs pointing to a much-improved housing market compared to the bad old days of the Great Recession,” said Todd Teta, Chief Product Officer for ATTOM Data Solutions. “That said, there is some reason for concern about the potential for a change in the wrong direction, given that residential foreclosure starts increased in about a third of the nation’s metro housing markets in 2019. Nationally, the number also ticked up a bit in December. While that’s not a major worry, it’s something that should be watched closely in 2020.” Big Apple Tax Changes Could Impact Investors Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Seth Welborn Related Articles Servicers Navigate the Post-Pandemic World 2 days agocenter_img Tagged with: Investment Rental SIngle-family Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago February 7, 2020 744 Views Previous: PennyMac Reports Mortgage Finance Performance Next: OCC Testing Financial Institution Risk and Capital  Print This Post in Daily Dose, Featured, Investment, News Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Investment Rental SIngle-family 2020-02-07 Seth Welborn Subscribelast_img read more

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Delinquency Rates Rise in Latest Freddie Mac Summary

first_img Tagged with: Delinquency Freddie Mac housing market 2020 The Week Ahead: Nearing the Forbearance Exit 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. in Daily Dose, Featured, Foreclosure, News May 27, 2020 2,191 Views Freddie Mac’s monthly summary revealed its single-family portfolio increased annually by 14.3% in April to $2.39 billion. The single-family refinance volume was $52.1 billion in April, which represents 69% of the total single-family mortgage portfolio purchases and issuances. Freddie Mac said the total unpaid principal balance on mortgage-related investment fell by $7.8 billion in April. However, Freddie Mac states its single-family delinquency rate rose from 60 basis points in March to 64 in April. While the delinquency rate is at its highest level in 2020, it is still lower than the April 2019 level of 0.65%.The nationwide delinquency rate hit its highest single-month increase in history in April, according to the First Look at April mortgage performance data from Black Knight. According to Black Knight, some 3.6 million homeowners were past due on their mortgages as of the end of April (including the roughly 211,000 who were inactive foreclosure)—the highest number since January 2015.This is an increase of 1.6 million since March, the largest single-month jump on record. This number includes homeowners past due on mortgage payments who are not in forbearance, as well as those currently enrolled in forbearance plans and who did not make an April mortgage payment.The national delinquency rate nearly doubled to 6.45% from March, the largest single-month increase ever recorded, and nearly three times the previous record for a single month from back in late 2008. Delinquency increases in Nevada (+5.2%), New Jersey (+5.1%), and New York (+4.9%) led the states, while Miami (+7.2%), Las Vegas (+6.2%), and New York City (+5.4%) topped the 100 largest metro areas.However, according to the latest weekly survey conducting by Mortgage Bankers Association (MBA) for the week ending on May 22, spring has brought a surge in mortgage applications to the housing industry. The MBA revealed that the number of mortgage applications rose 2.7% from the prior week’s statistics.This weekly survey, known as the Market Composite Index, measures the volume of mortgage loan applications on a weekly basis. This 2.7% shows the seasonally adjusted amount, while unadjusted results reveal a 3% rise from the previous week. Delinquency Freddie Mac housing market 2020 2020-05-27 Mike Albanese Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Delinquency Rates Rise in Latest Freddie Mac Summary Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Subscribecenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Delinquency Rates Rise in Latest Freddie Mac Summary About Author: Mike Albanese Share Save Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Previous: Fannie Mae Secures $39.6B UPB Risk Transfers Next: COVID-19: Old Lessons, New Challenges Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

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The Week Ahead: A Breakdown of Delinquency Statistics

first_img Previous: Could Fed Policy Inadvertently Disrupt the Housing Market? Next: Revisiting Regulations for Nonbank Mortgage Lenders This week, on Monday, November 23, Black Knight will release its First Look at July mortgage performance data.Monday’s delinquency numbers, which will cover October 2020, count all homeowners who have missed payments, whether they are in forbearance plans or not, noted a Black Knight representative.The data-analysis outfit will detail:Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure)Total U.S. foreclosure pre-sale inventory rateTotal U.S. foreclosure startsMonthly Prepayment Rate (SMM)Foreclosure Sales as % of 90-plusNumber of properties that are 30 or more days past due, but not in foreclosureNumber of properties that are 90 or more days past due, but not in foreclosure:Number of properties in foreclosure pre-sale inventoryNumber of properties that are 30 or more days past due or in foreclosureThe report will go live Monday morning on the Black Knight blog, here.Here is what else is happening in the week ahead:New residential sales report, U.S. Census (Wednesday)“Coronavirus, Disasters, Housing, and Homelessness” call, National Low Income Housing Coalition (NLIHC), (Tuesday) Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago November 20, 2020 1,312 Views Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Christina Hughes Babb Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Home / Daily Dose / The Week Ahead: A Breakdown of Delinquency Statistics Share 1Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe The Week Ahead: A Breakdown of Delinquency Statistics Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago 2020-11-20 Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Newslast_img read more

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Housing Survey Shows Purchase Pessimism at All-Time High

first_img 2021-05-07 Christina Hughes Babb Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago A serious dearth of inventory is making the prospect of home shopping and homebuying too daunting for a majority of Americans today, according to Fannie Mae’s National Housing Survey. In fact, consumers’ pessimism toward homebuying conditions in April set a survey record.”The Fannie Mae Home Purchase Sentiment Index decreased in April by 2.7 points to 79.0. Four of the HPSI’s six components decreased month over month, most notably the component related to homebuying conditions, which turned net negative for the first time in the survey’s history,” according to a press release from Fannie Mae.Consumers continued to show optimism when it comes to selling a home, a component that continued its significant rise from this time one year ago. Home-selling sentiment has nearly returned to its pre-pandemic peak, rising 16.0 points year-over-year.”April’s HPSI reading appears to have been acutely impacted by the ongoing lack of housing supply despite improving economic conditions,” said Doug Duncan, SVP and Chief Economist. “Consumer sentiment toward buying homes reached the lowest level in our survey’s ten-year history; unsurprisingly, respondents overwhelmingly cited the lack of supply and high home prices as primary reasons for their pessimism. The decrease in homebuying sentiment likely indicates that some consumers, potentially flush with savings—perhaps boosted in part by stimulus payments—may be attempting, but failing, to buy a home due to heightened competition for relatively few listed homes. Notably, consumers in the household income range of $50,000 to $100,000, a range inclusive of the Census Bureau’s reported median household income level, showed a particularly large decrease in overall housing sentiment, and we know that the housing market serving the affordable segment has been particularly competitive.”Duncan continued, “Conversely, consumer positivity regarding home-selling conditions nearly matched its all-time high, demonstrating a large divergence in perceived conditions between sellers and buyers, as measured by the gap between the two components. As has become standard discourse in the housing industry recently, increasing the supply of homes for sale would certainly help bring balance to this strong seller’s market, but unfortunately, the most recent data doesn’t suggest that inventory is likely to improve in the near future.”The full report is available at FannieMae.com.  Share Save Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago 23 days ago 3,128 Views  Print This Post Previous: Mortgage Delinquency Rate Declines at Unprecedented Pace Next: The Week Ahead: SFR Market Takes Center Stage Subscribe Housing Survey Shows Purchase Pessimism at All-Time High About Author: Christina Hughes Babb Related Articles Home / Daily Dose / Housing Survey Shows Purchase Pessimism at All-Time High Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

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Donegal case expected to feature in committee discusion on Ambulance response times

first_imgNews WhatsApp Previous articleDonegal hauliers at Stormont Assembly over new UK road taxNext articleCounty Manager says council could still take Rockhill barracks into ownership News Highland Facebook By News Highland – February 25, 2014 Twitter Facebook Twitter LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Donegal case expected to feature in committee discusion on Ambulance response times Google+ Ambulance response times will be the topic of today’s Oireachtas Health Committee.The HSE, paramedics and Siptu representatives will answer questions regarding concerns surrounding missed response targets.A review was ordered by the Health Minister James Reilly following a number of incidents where response times were not achieved, this includes at least one case in Donegal.Chair of the Health Committee, Jerry Buttimer, says the aim of the meeting is to get an understanding of what’s going on on the ground:[podcast]http://www.highlandradio.com/wp-content/uploads/2014/02/08buttAMBULANCE.mp3[/podcast]center_img Calls for maternity restrictions to be lifted at LUH WhatsApp Almost 10,000 appointments cancelled in Saolta Hospital Group this week RELATED ARTICLESMORE FROM AUTHOR Pinterest Guidelines for reopening of hospitality sector published Pinterest Google+ Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

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Gardai confirm Sligo crash victim was from Donegal

first_img Minister McConalogue says he is working to improve fishing quota Need for issues with Mica redress scheme to be addressed raised in Seanad also WhatsApp Pinterest Twitter Google+ WhatsApp Newsx Adverts Gardai have confirmed that the woman who died following a crash in County Sligo this afternoon was from Ballyshannon.The woman in her eighties was critically injured when  the car in which she was a passenger was in collision with a lorry near Cliffoney on the N15 Bundoran to Sligo road.She was later pronounced dead in Sligo General Hospital.The drivers of the car and the lorry were also brought to hospital with less serious injuries Google+ Twitter Almost 10,000 appointments cancelled in Saolta Hospital Group this week center_img 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Facebook Previous articleUlster Bank chiefs to be called to Oireachtas committeeNext articleCllr Dessie Larkin is Mayor of Letterkenny News Highland LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Pinterest Gardai confirm Sligo crash victim was from Donegal By News Highland – June 27, 2012 Dail hears questions over design, funding and operation of Mica redress scheme RELATED ARTICLESMORE FROM AUTHOR Facebooklast_img read more

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Derry councillor calls for legal highs to be banned

first_imgNews Facebook By News Highland – March 18, 2010 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 Pinterest RELATED ARTICLESMORE FROM AUTHOR Google+ Derry councillor calls for legal highs to be banned WhatsApp Twitter Man arrested in Derry on suspicion of drugs and criminal property offences released center_img Google+ Facebook Pinterest A Derry councillor says thete is a massive rise in the amount of people taking the legal high mephadrone.SDLP Health spokesperson, Mark H Durkan, is calling on the government to immediately ban such substances.He says urgent action is needed following the deaths of two teenagers in England after they took the drug.[podcast]http://www.highlandradio.com/wp-content/uploads/2010/03/markh.mp3[/podcast] Dail hears questions over design, funding and operation of Mica redress scheme Twitter Dail to vote later on extending emergency Covid powers WhatsApp Previous articleNumber of gorse fires in West DonegalNext articleTrial begins of man who denies rape charge News Highland Man arrested on suspicion of drugs and criminal property offences in Derrylast_img read more

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Letterkenny General Hospital could face ward closures

first_img WhatsApp Letterkenny General Hospital could face ward closures Dail to vote later on extending emergency Covid powers News Pinterest Dail hears questions over design, funding and operation of Mica redress scheme RELATED ARTICLESMORE FROM AUTHOR Facebook WhatsApp Letterkenny General Hospital facing ward closuresA cost-cutting plan for the health service which could involve hospital ward closures will be put before the people in the next few weeks, the Health Minister has said.Each of the Health Service Executives four regions have been ordered to devise cost-cutting plans.Hospitals were 99 million euro over budget for the first four months of this year, and one of the hospitals most in trouble includes Letterkenny General Hospital.Impact spokesperson, Richie Carruthers has totally rejected that Letterkenny General is overspending, and he said ward closures must be avoided……..[podcast]http://www.highlandradio.com/wp-content/uploads/2011/06/rcarr1pm.mp3[/podcast] Man arrested on suspicion of drugs and criminal property offences in Derry Twittercenter_img Facebook Pinterest Previous articleAuctioneer given 80 hours community service for brutal assaultNext articleNAMA “forced” Mc Namara receivership – Mac Lochlainn News Highland HSE warns of ‘widespread cancellations’ of appointments next week Google+ Google+ By News Highland – June 14, 2011 Man arrested in Derry on suspicion of drugs and criminal property offences released PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal Twitterlast_img read more

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LGH cancelled over 60 surgeries last month because of overcrowding

first_img Twitter Previous articleDarren Clarke to captain European Ryder Cup teamNext articleGardai will seek to adjourn Donaldson inquest for the 15th time News Highland 365 additional cases of Covid-19 in Republic It’s emerged that 55 daycare cases and 7 inpatient cases were cancelled in Letterkenny General Hospital last month as a result of the hospital overcrowding crisis.The crisis has continued into this month, with 27 patients awaiting admission today, 20 on trollies in the Emergency Department and seven on wards. That’s down from 33 yesterday.Nationally, more than 17 hundred scheduled surgical procedures were cancelled last month.It includes 1,044 inpatient cases and 711 day cases which were cancelled or postponed.However, the HSE figures could in fact be far higher as the numbers are not centrally collated and some cases may not yet have been reported. Man arrested on suspicion of drugs and criminal property offences in Derry Pinterest WhatsApp By News Highland – February 18, 2015 RELATED ARTICLESMORE FROM AUTHOR Twitter Facebook Homepage BannerNewscenter_img Facebook Pinterest Google+ Main Evening News, Sport and Obituaries Tuesday May 25th Google+ WhatsApp LGH cancelled over 60 surgeries last month because of overcrowding Further drop in people receiving PUP in Donegal 75 positive cases of Covid confirmed in North Gardai continue to investigate Kilmacrennan firelast_img read more

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