Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

How Biden’s Neighborhood Homes proposal impacts real estate investors

Dubbed the Neighborhood Homes Tax Credit, the proposal is part of the larger American Jobs Plan legislation — also known as Biden’s infrastructure plan. Here's a look into how it impacts real estate investors.


Home prices rise, but where?

Case-Shiller: "Housing indicators remain mixed"

The 10-city and 20-city composites recorded miniscule rises for March 2014, increasing .8% and .9% month-over-month, the latest S&P/Case-Shiller Home Price Indices report said.

“Housing indicators remain mixed. April housing starts recovered the drop in March but virtually all the gain was in apartment construction, not single family homes,” said David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices.

This is compared to the 10-city and 20-city composites posting returns of 13.1% and 12.9%, respectively, in the twelve months ending February 2014. 

“The year-over-year changes suggest that prices are rising more slowly,” Blitzer added. “Annual price increases for the two composites have slowed in the last four months and 13 cities saw annual price changes moderate in March.”

But this is not bad news for the housing market according to  Quicken Loans Vice President Bill Banfield.

“While the increase in home prices is slowing, homeowners have still gained a significant amount of equity in the last year. A moderation in price increases is a reflection of a healthy housing market, especially if it continues as inventory increases,” Banfield said. 

Nineteen of the 20 cities posted positive returns in March, with New York being the only city to report a decline.  

Meanwhile, Dallas and Denver reached new index peaks, as Chicago posted its highest year-over-year return since December 1988, at 11.5%.

Las Vegas and San Francisco, the cities with the highest returns, saw their rates of gain slow to approximately 21%.

This is compared to their post-crisis peak returns of 29.2% and 25.7%, respectively.  

Blitzer also noted, “New home sales rebounded from recent weakness but remain soft. Mortgage rates are near a seven-month low but recent comments from the Fed point to bank lending standards as a problem. Other comments include arguments that student loan debt is preventing many potential first time buyers from entering the housing market.”

This follows the Federal Housing Finance Agency House Price Index released Tuesday that said home prices continued to trend higher and increased for the eleventh consecutive quarter, rising 1.3% in the first quarter of 2014.

Most Popular Articles

The housing market is losing steam

Mortgage applications for new home purchases decreased 3% from May and 23.8% year over year, suggesting buyer fatigue in the housing market.

Jul 20, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please