A composite index of 25 major US metropolitan markets showed a 1.2% increase in house prices in April.
Radar Logic's 25-MSA (metropolitan statistical area) RPX index showed the largest monthly increase since June 2007. The composite remains 20% below its year-ago level, however, and overall has plunged 32% below its peak.
Foreclosure sales continued to drive price declines and fueled an increase in sale transactions in key local markets across the nation during August, according to data released Friday by Radar Logic Inc., a New York-based real estate data and analytics company.
There are motivated home sellers, and then there are motivated home sellers. In this market, that term has taken on new meaning, capturing sales made under borrower duress as well as institutional sellers looking to sell off REO properties in an effort to clear their books. And the number of motivated sellers, by most accounts, has been growing pretty dramatically, pretty much in tandem with declining property values and mushrooming foreclosure totals.
A wide range of companies making the 2014 HW Fast50 suggests that — are you ready for this? — maybe things aren't as bad in the U.S. mortgage and housing markets as some breathless press might otherwise suggest. After all, our rankings this year include mortgage insurers, investors, loan servicers, technology specialists and dot-coms, home builders, real estate services companies, mortgage bankers and more..
Last October, HousingWire highlighted several correspondent lenders and gave a broad overview of where this division of mortgage finance was heading. We are happy to report that those lenders are still doing a robust set of business, although the road remains no less rocky. But as we said last year, at least there’s a road to begin with. Read More
As our business moves into a new era of low profitability, increased expenses, and intense regulatory scrutiny, virtually every mortgage executive needs to experiment with ways to increase productivity and CFPB compliance while reducing overall operating costs. Read More