News

Freddie Mac: Mortgage rates see greatest drop in months

30-year rate decreases even after Fed raises rates
Even after the Federal Reserve elected to raise rates in its March meeting, interest rates still followed the Treasury yield, which fell 10 basis points. In fact, this week’s decrease in mortgage interest rates marks the sharpest decline in months.
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Nationstar names interim CFO after Robert Stiles departs company

Amar Patel will serve as interim CFO
One month ago, Nationstar Mortgage celebrated the fact that its revenue grew significantly in the fourth quarter, climbing nearly 46% year-over-year. Now, Nationstar will have a new person in charge of that money as the nonbank announced Wednesday that it named Amar Patel, who previously spent 10 years with the company, as its interim chief financial officer.
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Here are the top 10 metros for single-family rental investors

Average return dips slightly in 2017
Investors saw a slight dip in the single-family rental market, however overall, many metros are still hotspots for investment. In 2017, 86% of the markets analyzed saw a rise in fair market rents even while average wage growth outpaced rent growth in 67% of markets — a recipe for sustainable growth in the rental market.
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Innovation in housing and home financing takes the stage at SXSW 2017

SXSW shifts to include typically "unsexy" industries
For many people, South By Southwest represents the epitome of music exploration. What you may not realize is how the festival has grown over the last 30 years since it’s inception, not only exploring the future of entertainment and media, but also the best of innovation across technology and business. And now this year, innovation in housing and finance were brought center stage at SXSW. This is great news for an industry that's behind when it comes to technology.
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Millennials would really prefer to live in these 10 cities

List ranges from affordable to expensive
Younger home shoppers are set to become the No. 1 homebuying cohort throughout the coming years, but they’re not opting to buy a home just anywhere. Realtor.com took advantage of its website user data to create a list of the top 10 markets where Millennials are looking for a home. While a chunk of the cities on the list are affordable, it’s not true for all of them.
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CoreLogic: Paying cash for houses lowest in nearly 10 years

Cash sales now on track to hit pre-crisis level in mid-2019
Last year, the share of homes bought with cash fell to the lowest level since 2007, a new report from CoreLogic showed. But that's not the only data point that fell to a nine-year low last year. For the full-year 2016, the distressed sales share was also the lowest annual distressed sales share since 2007.
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Existing home sales come down off 10-year high

January still shows annual increase
Existing home sales slipped down off last month’s decade-high, but remained above last year’s levels. But considering January’s drop in pending home sales to the lowest level in a year, this decrease comes as no surprise.
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