Valuations

Homeowners waiting longer to break even on buying a home

Home value appreciation slowing down
Homeowners are waiting longer to break even after buying a home as home price appreciation slows across the nation. In one city, homeowners are waiting nearly two years longer than in 2015 to break even. However, some cities show waits of just a year and a half to recover from the costs of buying a home.
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Senate Republicans unveil bill to replace CFPB director with committee

Will the third time be the charm?
Sens. Deb Fischer, R-Nebraska; John Barrasso, R-Wyoming; and Ron Johnson, R-Wisconsin, introduced a bill this week that would replace the single director of the CFPB with a five-member bipartisan committee, a change the Republican Party has long pushed for. According to Fischer's office, this is actually the third version of this bill, which she previously introduced in 2015 and 2016 to no avail. But will the third time be the charm?
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Ten-X predicts increase in January existing home sales

But will struggle with low inventory
After December’s decrease in existing home sales, Ten-X predicts January will bring a fresh start with new increases. It also predicts a continued rise in home prices for the month. Here’s more on the company’s predictions, and how close those predictions were in December.
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Case-Shiller: Housing market now officially, completely recovered

Blitzer: Uncertainty remains on Trump impact
Home prices increased in November, bringing a chairman of the Index Committee to explain that the housing market is completely recovered from the crisis. Case-Shiller’s top 20 cities all posted monthly increases after seasonal adjustment. One expert explains why the new administration could push home prices even further in the months to come.
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Black Knight: Home prices so close to a new national peak

Hit records in eight of the 40 largest metros
The Data & Analytics division of Black Knight Financial Services released its latest Home Price Index  report, based on November 2016 residential real estate transactions. The company finds that after rising 5.7% from the start of 2016, U.S. home prices are now within just 0.3% of a “new national peak.”
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Realtors pick their top 10 hottest housing markets for 2017

This is where homes fly off the market
While January is typically the slowest month of the year for real estate, the market remained strong at the start of 2017. Homes flew off the market faster than the previous year at home prices that were 10% higher than the previous year. Here are the top 10 markets for the start of the new year.
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Meet the latest hotbed for housing: Dallas, Texas

Local businesses look to expand
The housing market in Texas continues to expand, reaching new highs in some of its cities. One expert explains why Dallas is the new hotbed for housing. Many local businesses are even beginning expansion plans for the city, including Movement Mortgage.
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Former CFPB attorney pretty much just confirmed the worst fears of the mortgage industry

We may be right, after all
In "The Tragic Downfall of the Consumer Financial Protection Bureau," Ronald Rubin, a former enforcement attorney at the Consumer Financial Protection Bureau and former chief advisor on regulatory policy at the House Financial Services Committee, highlights what he calls the heavy politicization of the CFPB. In doing so, Rubin also just confirmed the worst fears of the mortgage industry.
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CoreLogic: Home prices grew more than 7% in November

Marks first time since May 2014
The final housing market reports of 2016 are still rolling in. CoreLogic’s assessment of the November housing market shows that home prices rose by 7.1%, which marks the first time prices exceeded 7% since May 2014. Moving into 2017, economists don’t expect the trend to change.
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