Mortgage loan performance remains good on a national level with overall delinquencies and foreclosures both declining. The firm’s data shows that the overall delinquency rate (mortgages 30 or more days past due or in foreclosure) nationally in August was 3.7%, a 0.2 percentage point decrease year-over-year. This was the lowest rate for any August in […]
Monthly Archives: November 2019
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Nov
Nov
The typical American homeowner in 2019 had spent 13 years in their home, up from eight years in 2010. Median home tenure increased in all of the 55 metros Redfin analyzed. Many local governments have put policies in place that reduce property tax burdens for senior citizens, which have made it more affordable for older […]
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Nov
Nov
We got two very important housing reports last week and both showed some real strength in our housing market. The National Association of Realtor’s Existing Home Sales Report for September showed a small decrease in sales but that was only due to the fact that there are no houses to buy. Inventory remains near an […]
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Nov
Nov
Twenty-six percent of home searchers looked to move to another metro area in the third quarter of 2019, up from 25 percent the year before, according to a new report from Redfin. This is a new all-time high for the national share of home-searchers looking to relocate, likely driven by those leaving expensive metros in […]
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Nov
Nov
Neighborhoods located within a half-mile of public transit services outperformed those in areas farther from public transit based on a number of factors, according to a report released today by the American Public Transportation Association (link is external) and the National Association of Realtors®. “The Real Estate Mantra – Locate Near Public Transportation” highlighted the […]
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Nov
According to ATTOM Data Solutions’ newly released Home Flipping Report, there were 59,876 U.S. single family homes and condos flipped during the second quarter of 2019. That number is up 12.4 percent from Q1 2019, but down 5.2 percent from Q2 2018. The report revealed that homes flipped in Q2 2019 represented 5.9 percent of […]
