Monthly Archives: November 2019

Mortgage Payment Delinquency Rate Lowest since 1999

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 […]

Existing and New Home Sales Gain Momentum

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 […]

Top Ten Metro Migration Locations

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 […]

Locations Close to Public Transit Boost Home Values

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 […]

Top 10 Zip Codes for House Flipping

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 […]