Category Archives: The Word on Real Estate

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Falling Mortgage Rates: Freddie Mac

According to a Freddie Mac’ survey, the mortgage rates fell during the beginning of this week because of the news of slower growth in the economy. Every week Freddie asks lenders about the mortgage terms that are offered to solid borrowers. For more information you can...
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Nationwide Decline in Foreclosure

Last month, foreclosures fell nationwide. In February, there was a decrease in the foreclosure pipeline. There was a 21% drop from February 2012 and an additional decline in January. About 4.2 million homes have been foreclosed since September 2008, according to CoreLogic.   For more information check out...
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Relief: Homeowners Let Out from Negative Equity

Rising home values and sustained high foreclosure were the main reasons, according to Zillow that 1.9 million        homeowners came out of negative equity. The highest cities with homeowners who were freed from negative equity were LA, Phoenix, Miami, Dallas –Fort Worth and Riverside, California. For more...
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Where is the Foreclosure Inventory?

According to CoreLogic, the foreclosure inventory has been falling for about 15 months. The number of homes in some  stage of foreclosure is down to 1.2 million since January. Between 2000 and 2006, foreclosures averaged 21,000 per month, before the decline of the housing market. In...
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Zillow:Homeowners Released from Negative Equity

According to Zillow, about 2 million homeowners were released from negative equity. Sustained high foreclosure rates and rising home values were the main reason why 1.9 million homeowners came out of negative equity. In the Q4, 13.8 million mortgages (about $1 trillion were underwater, which was...
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Housing Market Has Room to Grow According to Freedie Mac

Freddie Mac suggested there is room for growth in the housing market. This was shown in the housing report presented by GSE. The GSE expects that in 2014 there will be a 26 percent increase in housing starts and Freddie Mac expects it to be 22 percent higher tha Read more

All States on the Improving List

The Improving Markets Index (IMI) released the National Association of Home Builders (NAHB) and First American stating that all 50 states are improving and were able to receive representation. Compared to last year it was only 36 states represented. The IMI grew from 242 markets in...
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Slippery Q4 Rates for Homeowners

Here's a snapshot of homeowner activity in the fourth quarter according to the Census Bureau. People who own homes have gone up in the fourth quarter compared to third quarter. It went up from 65.4 percent to 65.5 percent nationwide. Rental vacancy and homes for sale went down in the fourth quarter. For people 65 and older, home...
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Drop in Home Sales: No Time to Panic

Home sales dropped in December according to the National Association of Realtors. Don’t panic though; Capital Economics suggest that half of all sales are made up of cash buyers and investors. Low inventory means high prices and single family inventory has reached an 11-year low. With the rising prices it has allowed home owners to rise above...
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2013 Housing Expectations from Freddie Mac

Over this past month, Freddie Mac made some predictions on what the housing market will look like in 2013. Here’s what they are expecting:
  1. Property values should increase by 2 to 3 percent in the next year.
  2. Multifamily and single-family for-sale markets are projected to come down to 2002-2003 level.
  3. In the first half of the year, long...
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