Monday Morning Cup of Coffee: Congressman tries to tackle eminent domain plans Taking the foreclosure crisis into its own hands, the city of Richmond is threatening an unprecedented use of eminent domain to bail out residents with underwater mortgages. The move is being contested vigorously by banks, but proponents say it would allow residents to refinance their homes at current market values and prevent future foreclosures.
Minneapolis posted a double-digit 10.0% annual decline, the first market to be back in this territory since March 2010 when Las Vegas was down 12.0% on an annual basis. In the midst of all these falling prices and record lows, Washington DC was the only city where home prices increased on both a monthly (+1.1%) and annual (+4.3%) basis.
Builders Coming Back to Life in Some Markets Chicago area home prices up 14 percent in October Case Shiller: Chicago Area Home Price Gains Still Trail Rest Of Country. , October 31, 2017 at. Blitzer then went on to point out what has been driving home prices up and that the party won.FHA raises mortgage insurance, for life of loan The FHA Mortgage Insurance Premium or "MIP", is an insurance policy paid by the borrower to protect the lender from losses in the event the loan defaults. There is an upfront insurance premium of 1.75% of the loan amount, and then a monthly premium for the life of the loan. How is FHA Mortgage Insurance Calculated?In addition to female co-founders, Refinery29 has attracted some great women in startup investing. he landed at a US high.Hurdles remain for disparate impact claims in housing despite SCOTUS ruling The U.S. Department of Housing and Urban Development (HUD) recently announced that it will "formally seek the public’s comment on whether its 2013 disparate impact regulation is consistent with the 2015 U.S. Supreme Court ruling in Texas Department of Housing and Community Affairs v. inclusive communities project, Inc."
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, surpassed the peak set in July 2006 as the housing boom topped out. The National index reported a 5.5% annual gain in September, up from 5.1% last month. The 10-City Composite posted a 4.3% annual increase, up from 4.2% the previous month.
Home Prices. FHFA Home Prices. "The real estate market is thawing in response to the sustained decline in mortgage rates and rebound in consumer. NAHB Has a New Way to Measure Housing Recovery.
Northeast sales increased by 11.5%, but they only account for 4.3% of all new home sales. existing home sales were off. Members continued to view sustained expansion of economic activity, strong.
BUILDER NYC Housing Market: Malaise in Manhattan The StreetEasy Manhattan Price Index dropped 4.3% to $1,119,183, its lowest level since July 2015.
Home prices continued to rise in October with prices up 4.3% annually within the 20-city composite index produced for the Standard & Poor’s/Case-Shiller Home Price Indices. S&P says the 4.3% uptick in home prices signifies a "sustained recovery" in home prices.
The S&P/Case-Shiller national home price index. the index has followed sustained patterns the past two years. Before the recent moderation, yearly price increases widened for 11 straight months.
Much like the recovery in the overall housing industry, the pickup in remodeling comes as home prices have staged. in areas that sustained heavy damage from superstorm sandy told a recent NARI.
Retail sales inch up in January, but less than expected – But in the context of year-over-year growth, January sales show a sustained. recovery, he said. Consumer spending on gasoline rose 1.4 percent last month, thanks to a jump in prices. Meanwhile,
nominal home prices were back within 6 percent of their previ-ous peak in early 2016, although still down nearly 20 percent in real terms. The uptick in nominal prices helped to reduce the number of homeowners underwater on their mortgages from 12.1 million at the end of 2011 to 4.3 million at the end of 2015.