The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Zillow analyst on whether home prices can keep climbing

Today’s episode of HousingWire Daily features an interview with Nicole Bachaud, as she discusses annual and monthly home price appreciation growth, rising inventory levels and rent prices.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Real EstateAppraisals & Valuations

FHFA: Home prices continue to soar on West Coast

Rise 0.5% nationally

Home price increases picked up the pace once again in October, especially in the Pacific region, according to the latest House Price Index from the Federal Housing Finance Agency.

Home prices increased in October, up 0.5% from the previous month, the HPI showed. September’s estimate was revised up from an increase of 0.3% to an increase of 0.5%. Annually, home prices increased a full 6.6%.

But in some regions, that increase was much higher.

The chart below shows home prices continue to rise, unchecked since 2012, and have long since surpassed their previous high.

Click to Enlarge


(Source: FHFA)

The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie Mae and Freddie Mac. Because of this, the selection excludes high-end homes bought with jumbo loans or cash sales.

Regionally, the increases from September to October ranged from a drop of 0.4% in the West North Central division to an increase of 2.8% in the East South Central division. But annually, all regions saw an increase, ranging from an increase of 4.8% in the West North Central division to an increase of 8.7% in the Pacific division.

Here is a list of which states are in each of those divisions:

West North Central: North Dakota, South Dakota, Minnesota, Nebraska, Iowa, Kansas, Missouri

East South Central: Michigan, Wisconsin, Illinois, Indiana, Ohio

Pacific: Hawaii, Alaska, Washington, Oregon, California

Latest Articles

Refis stubbornly make a bit of a comeback

The week following Labor Day saw a flurry of mortgage loan application activity, with volume jumping by 4.9% for the seven days ending Sept. 17, according to the MBA. Refis were on the front foot again.

Sep 22, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please