Housing Market Has Made ‘Good Enough’ Progress to Buy Now, Analyst Says

first_imgSign up for DS News Daily  Print This Post Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago April 28, 2015 1,412 Views The CEO of the largest single private homeowner in the U.S. said that buying a home now is a “good investment” and that the recent gains the housing market has made are “good enough” for a buyer to invest in a home during a recent interview with CNBC.Speaking from the Milken Institute Conference in Los Angeles, Blackstone Mortgage Trust CEO Steve Schwarzman told CNBC on Monday that the housing market has been “coming back for quite some time” even though inventory is low and prices have not increased as much. For example, Black Knight Financial Services reported earlier this week a year-over-year median price gain of 4.6 percent for single-family homes in February.”We’re finding that that market continues to go up for the value of houses, although not at the same rate as it did, obviously, off the bottom,” Schwarzman said.Blackstone is the largest single private owner of residential homes in the U.S. with approximately 47,000 homes and about $90 billion in real estate assets. Schwarzman said his company is putting money into the housing market, although not as much as it was during the height of the financial crisis.”We’re only building about half of the houses we did at the top of the last cycle,” Schwarzman said. “People need to be in houses as immigration continues in the United States.”Schwarzman’s assessment of the housing market was similar to that of Tim Rood, chairman of the Washington, D.C.-based business advisory firm The Collingwood Group, who said in a recent interview on Westwood One Radio Network that now was a good time to invest in a home because of low interest rates and anticipated home value appreciation.”The leveraged return if you put down 10 percent on a house, the trajectory of appreciation lately is you’re going to get your money back inside of a year and then after that 5 to 10 percent appreciation rates,” Rood said. “It’s phenomenal.”The topic of the housing market and whether or not now is a good time to buy will be covered more in depth at the 2015 Five Star Conference and Expo, which will be September 16 through 18 at the Hilton Anatole in Dallas, Texas.Editor’s note: The Five Star Institute is the parent company of DS News and DSNews.com. Blackstone Mortgage Trust Homebuyers Housing Market 2015-04-28 Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, News Housing Market Has Made ‘Good Enough’ Progress to Buy Now, Analyst Says Related Articles The Best Markets For Residential Property Investors 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. center_img Home / Daily Dose / Housing Market Has Made ‘Good Enough’ Progress to Buy Now, Analyst Says Servicers Navigate the Post-Pandemic World 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: A2Z Field Services Promotes New President and CEO Next: Homeownership Down Below ’90s Levels; Vacancy Rate Little Changed Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Blackstone Mortgage Trust Homebuyers Housing Market Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honealast_img read more

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Ocwen Announces Millions in New Mortgage Debt Forgiveness in Ohio

first_img Previous: Delving into Delinquency Data: Hurricanes Continue to Impact Next: What’s in Store for Existing Home Sales . . . Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Ocwen Announces Millions in New Mortgage Debt Forgiveness in Ohio in Daily Dose, Events, Featured, Foreclosure, Headlines, Journal, Magazine, News, State Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: debt forgiveness Mortgage Debt Mortgages Neighborhood Housing Services neighborhood housing services of greater cleveland Ocwen Ohio Home / Daily Dose / Ocwen Announces Millions in New Mortgage Debt Forgiveness in Ohiocenter_img The Best Markets For Residential Property Investors 2 days ago Financial services holding company Ocwen announced in November that it had worked closely with various nonprofit agencies to forgive approximately $14.6 million in mortgage debt for struggling Ohio homeowners. During the first nine months of 2017, Ocwen also helped approximately 1,200 Ohio families dodge the foreclosure bullet and keep their homes.In a press release, Jill Showell, SVP of Government and Community Relations at Ocwen, said, “Ocwen is making a real difference in the lives of many struggling homeowners across the state of Ohio, and remains committed to helping families and communities.”Ocwen is based out of West Palm Beach, Florida, the company services approximately 44,000 loans in Ohio. As Ohio is still laboring to recover from the housing crises, Ocwen has forgiven nearly $342 million in Ohio debt since January 1, 2008, and provided more than 26,500 loan modifications for Ohio borrowers. On a nationwide scale, Ocwen has forgiven billions of dollars of mortgage debt and completed approximately 755,000 loan modifications.This December, Ocwen will partner with Neighborhood Housing Services (NHS) of Greater Cleveland to host an exclusive event designed to help Ocwen homeowners examine their options if they are struggling to make their mortgage payments. Borrowers will get the chance for individual, face-to-face meetings with Ocwen Home Retention Agents and housing counselors, all working to help find the right solution for each particular situation.The joint Ocwen/NHS event will happen on Thursday, December 14, from 3 p.m. to 8 p.m. Eastern Time, at 5700 Broadway Avenue in Cleveland, Ohio.“Ocwen’s focus on its customers and community organizations in Ohio produces positive results,” Showell said. “We are proud to work closely with local nonprofits, such as NHS of Greater Cleveland, Empowering and Strengthening Ohio’s People (ESOP), and Working in Neighborhoods (WIN) to help homeowners in Ohio find solutions that allow them to remain in their homes.”Michael Pires, Interim Executive Director of NHS of Greater Cleveland, said, “My team and I know first-hand the challenges facing families hoping to achieve, preserve, and sustain the American Dream of homeownership. I encourage borrowers to attend our upcoming event to learn more about local resources and ways to work with NHS and Ocwen to make their home more affordable.” Sign up for DS News Daily David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Servicers Navigate the Post-Pandemic World 2 days ago Share Save Subscribe Related Articles debt forgiveness Mortgage Debt Mortgages Neighborhood Housing Services neighborhood housing services of greater cleveland Ocwen Ohio 2017-11-21 David Wharton November 21, 2017 2,754 Views About Author: David Wharton The Best Markets For Residential Property Investors 2 days agolast_img read more

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$1.5 Trillion Worth of U.S. Homes Threatened by Wildfires

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Headlines, Journal, Market Studies, News Previous: Arch MI Completes Integration with Cloudvirga Platform Next: Reverse Mortgage Volume Hits Its Highest Point Since 2011 Subscribe According to the California Department of Forestry and Fire Protection, last year’s California wildfire season was the most destructive on record, with over 9,000 fires burning more than a million acres in 2017. Moreover, some of those fires swept through areas populated by some of the nation’s most expensive real estate. Now Redfin has taken a look at what the 2018 fire season may be like, and the numbers are shocking, with Redfin finding an estimated $1.5 trillion worth of homes projected to be at risk from wildfires in the year to come—around 7.7 percent of the United States’ total housing value.To make matters worse, wildfires have been trending toward being more widespread and damaging in recent years, with 9.8 million acres of land burned by wildfires nationwide in 2017, compared to 5.4 million acres in 2016. However, Redfin found real estate agents in the affected areas reporting that homebuyers weren’t hesitating to look for homes in these regions once the immediate disasters were over.“People who are still in shock from losing their homes and possessions from the October fires are greeting one another at open houses while comparing notes on the hotels or rentals where they are temporary living,” said Redfin Santa Rosa agent Starling Scholz. “People view wildfire risk as a price of living in California that’s well worth the rewards: beautiful weather, nature and well-paying jobs.”Redfin ranked the Top 10 U.S. Counties for Fire Risk, ranked according to the estimated total value of homes at risk in the respective areas. Redfin’s blog post explains that “To be considered, there had to have been at least five major fires recorded by the Federal Emergency Management Agency (FEMA) in the county since 1960.”California dominates the list, both because the state has seen regular outbreaks of wildfires for years, and because those fires often hit high-dollar real estate. The Top 10 U.S. Counties for Fire Risk include:Los Angeles County, California (estimated total value of homes in the county: $918.1 billion, with nearly 1.5 million homes at risk)Orange County, California ($391.5 billion estimated total value; 581,506 homes at risk)Santa Clara County, California ($327.9 billion estimated total value; 354,255 homes at risk)San Diego County, California ($316.5 billion estimated total value; 581,635 homes at risk)Harris County, Texas ($185.6 billion estimated total value; 837,912 homes at risk)Riverside County, California ($140.8 billion estimated total value; 454,924 homes at risk)San Bernardino County, California ($106.1 billion estimated total value; 365,576 homes at risk)Dallas County, Texas ($103.7 billion estimated total value; 452,284 homes at risk)Ventura County, California ($93.4 billion estimated total value; 170,877 homes at risk)Clark County, Nevada ($88.6 billion estimated total value; 384,329 homes at risk)Redfin Chief Economist Nela Richardson explains, “Despite strong demand and severe inventory shortages, California has built the fewest number of homes per new resident of any state, with just one unit for every four new residents, compared to one new unit for every 1.8 new residents nationally. When people whose homes just burned down are jumping back into bidding wars to buy new homes in the same area, you know wildfires alone won’t cool these competitive markets. However, California’s chronic lack of homes and eroding affordability make recovering from a natural disaster much more challenging than in states like Texas with more adequate housing supply.“You can read Redfin’s full 2018 wildfire analysis by clicking here. Share Save February 5, 2018 2,172 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago $1.5 Trillion Worth of U.S. Homes Threatened by Wildfires Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Tagged with: inventory shortages Natural Disasters Redfin wildfires Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / $1.5 Trillion Worth of U.S. Homes Threatened by Wildfires Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: David Wharton inventory shortages Natural Disasters Redfin wildfires 2018-02-05 David Wharton Related Articles  Print This Postlast_img read more

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The Pitfalls of Home Renovations

first_imgHome / Daily Dose / The Pitfalls of Home Renovations The Week Ahead: Nearing the Forbearance Exit 2 days ago The Pitfalls of Home Renovations The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Fixer-upper Investment Purchases SFR tunrkey homes For many homebuyers and investors, buying a fixer upper is a challenge they were not prepared for. A recent study from Porch.com takes a look at the tradeoffs between buying a fixer-upper versus buying a move-in-ready “turnkey” home.When renovating, those who purchased a fixer-upper home and went over budget on repairs spent 38% more than planned on average. Much of these extra costs went toward things such as new HVAC and plumbing.For those who chose turnkey homes over fixer uppers, a majority of buyers (63%) stated that they chose their home simply because they liked the house or neighborhood. On the other end, most fixer-upper buyers stated that they made their purchase decision based on finances, stating they believed they could get a better price on a fixer-upper than a turnkey house.Despite the expectation of spending less, fixer-uppers ended up costing homeowners about the same or more on average as move-in ready homes. According to Porch.com, 44% of buyers ended up spending more than expected on repairs, going over budget by 38% on average. The rooms most likely to go over budget were basements and bathrooms.For rental investors, the move toward existing and fixer-upper homes is being reflected in the rental market. According to the National Association of Homebuilders (NAHB) and the Census Bureau, the number of single-family homes built-for-rent declined at the start of 2019.Though built-for-rent single-family rentals have been on the decline, the overall single-family rental market has been on the rise. The market for single-family rental (SFR) securitizations continued to grow month over month. It increased to 4.7% in March from 4.2%, according to the latest Morningstar Credit Ratings report on the SFR market.The report indicated that the average vacancy rate had declined overall to 4% in March—the lowest since May 2018.The average retention rate for expiring leases also dropped to 78.9% in February, the latest month available, from 80.4% in January. Data Provider Black Knight to Acquire Top of Mind 2 days ago June 3, 2019 1,314 Views Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Fixer-upper Investment Purchases SFR tunrkey homes 2019-06-03 Seth Welborn Previous: The March of For-Sale Housing Inventory Next: Tiny Homes and Affordability Struggles The Best Markets For Residential Property Investors 2 days ago Share Save  Print This Post in Daily Dose, Featured, Investment, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Seth Welborn Subscribelast_img read more

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How a New Law Affects Ginnie Mae’s VA Securities

first_img The Protecting Affordable Mortgages for Veterans Act of 2019, which was recently signed into law, changes the eligibility criteria of certain VA loans in Ginnie Mae Securities.According to an announcement by Ginnie Mae, it is implementing changes to pooling eligibility requirements for Department of Veteran’s Affairs (VA) -insured or -guaranteed mortgages. The All Participants Memorandum (APM 19-05) issued by the government securities agency, revises the pooling eligibility requirements applicable to all VA-guaranteed refinance loans and establishes new pooling criteria for certain cash-out refinances with loan-to-value (LTV) ratios exceeding 90%.Ginnie Mae said that effective with mortgage-backed securities (MBS) guaranteed on or after November 1, 2019, High LTV VA Cash-Out Refinance Loans would be ineligible for Ginnie Mae I Single Issuer Pools and Ginnie Mae II Multiple Issuer Pools. The only exception would be in cases when the loans are “Permanent Financing Construction Loans, as defined in Chapter 24 of the MBS Guide.”The new revisions to VA securities were part of advancing these objectives, Ginnie Mae said in its latest APM.As part of these changes, Ginnie Mae said that high LTV VA cash-out refinances could be pooled into Ginnie Mae II Custom Pools without restriction, provided they satisfied the seasoning and number of payment requirements. As a result of these revisions, Ginnie Mae said that its MBS pooling eligibility was moving closer to that of Fannie Mae, Freddie Mac, and the Federal Housing Administration.Ginnie Mae said that these changes continued to provide veterans who use their earned benefit access to the government-guaranteed MBS market and global investors with increased certainty in the performance of the Ginnie Mae security, “which ultimately lowers mortgage rates for all borrowers served by the program.”Ginnie Mae said that the Protecting Affordable Mortgages for Veterans Act of 2019, which was signed into law by President Trump in July, revises the loan seasoning requirements and Ginnie Mae statutory changes prescribed by the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018.While the agency had already published an APM to implement the seasoning requirements prescribed by the 2018 Act to ensure the strength and liquidity of the MBS Program, the agency has, since then, collected “industry feedback to explore additional MBS program requirements that may have a positive impact on the performance of Ginnie Mae securities, and thereby benefit the borrowers participating in the federal housing programs we support.” About Author: Radhika Ojha Borrowers Fannie Mae Freddie Mac Ginnie Mae Investors Lenders MBS va loans Veterans 2019-08-06 Radhika Ojha Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / How a New Law Affects Ginnie Mae’s VA Securities The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Borrowers Fannie Mae Freddie Mac Ginnie Mae Investors Lenders MBS va loans Veterans  Print This Post Share Save Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago August 6, 2019 2,678 Views center_img Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: Impact of the Economy on Default Risks Next: What Do Trade Tensions with China Mean for Housing? Subscribe The Best Markets For Residential Property Investors 2 days ago How a New Law Affects Ginnie Mae’s VA Securities in Daily Dose, Featured, News, Secondary Market Related Articles Demand Propels Home Prices Upward 2 days agolast_img read more

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Forbearance Activity ‘Warrants a Close Eye”

first_img About Author: Christina Hughes Babb  Print This Post 2020-11-06 Christina Hughes Babb The Best Markets For Residential Property Investors 2 days ago November 6, 2020 1,180 Views Previous: U.S. Workforce Slowly Recovering with More Jobs Next: Freddie Mac’s CRT Program ‘Came Charging Back’ in Q3 Sign up for DS News Daily Share Save Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Forbearance Activity ‘Warrants a Close Eye” Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, News Demand Propels Home Prices Upward 2 days ago After inching up last week, forbearances fell by 137,000 since last Tuesday, due to October’s forbearance expiration activity. The experts at Black Knight say this was “roughly what was expected for the first week of the month, though there is still some potential for further drops given the remaining scheduled expirations.”As Black Knight reported in its most recent Mortgage Monitor report, entering October there were some 700,000 plans set to expire at the end of this month. As of last week, 366,000 remained. Of those, 161,000 expired at the end of October, meaning about 200,000 were worked through in the last week of the month.Two hundred twenty-five thousand homeowners were removed from forbearance last week, the largest number since the first week of October. Still, it was less than a third of what data collectors saw in that first week of the month, as there were far fewer plans set for expiration this month, reports Black Knight’s research team.In a decline seen across all investor classes, GSE forbearances dropped by 57,000; portfolio/PLS forbearances fell by 52,000, and FHA/VA forbearances dropped 43,000. GSE forbearances continued to show the strongest rate of improvement—the number of forbearance plans, as of this report, are down 48% from their peak in late May, followed by portfolio/PLS forbearances which are down 44% from their peak. FHA/VA loans continue to see the slowest improvement with forbearance volumes down just 27% from their peak earlier in the year.As of November 3, 2.9 million active forbearance plans are in effect, representing some 5.4% of mortgage-holders, down from 5.7% last week “and the lowest we’ve seen since mid-April during the onset of the pandemic. Together, they represent $584B in unpaid principal,” according to Black Knight.Over the past week, researchers saw the largest volume of forbearance plans since April, but, explains Black Knight,  “57% of these repeat starts on folks who had been in forbearance, left their plans, and have now returned. Regardless, these starts and restarts are worth watching, as they’re trending upward. It may well be that this is still due to the drop in early October, but given the rising trend, they warrant a close eye.”Extensions made up about 37% of activity, numbering 135,000 for the week. About 80% of active forbearance plans have been extended since March; the other 20% remain at the initial term.Of loans backed by Fannie Mae or Freddie Mac, some 3.7% are in forbearance plans, while 9.3% of FHA/VA loans are in forbearance plans. For private label and banks’ portfolio loans, 5.3% are in forbearance.Black Knight compiles weekly reports from its McDash Flash Forbearance Tracker, charting volumes and related data, and posts a summary on its blog.  The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Forbearance Activity ‘Warrants a Close Eye” Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

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Homes Selling Quicker Than Ever

first_img Previous: Soar to New SFR Heights With May’s DS News Next: Forbearance Volume Continues Downward Trend The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles in Daily Dose, Featured, Journal, Market Studies, News Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Homes Selling Quicker Than Ever Homes Selling Quicker Than Ever Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Eric C. Peck Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Sign up for DS News Daily Tagged with: Danielle Hale Inventory Listings Monthly Housing Trends Report Realtor.comcenter_img Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Realtor.com reports that the number of new home sellers rose in April compared to last year, when most cities had shelter-in-place orders in effect. However, with the number of new listings still nearly 26% below pre-pandemic levels, buyers saw little relief as the median U.S. home listing price moved 17.2% year-over-year to a new high of $375,000 and homes sold in just 43 days.New listings increased 32.6% in April 2021 year-over-year, and while new listings still trail pre-pandemic levels with 130,000 (25.5%) fewer homes listed this April than the average rate in 2017 to 2019. As sales occurred at a record pace, the number of active listings was down 53% year-over-year, while total inventory, which includes pending sales, was 21.9% lower.”After stay-at-home orders brought the housing market to a halt last spring, especially for sellers who re-thought their plans, 2021 is shaping up to be more typical,” said realtor.com Chief Economist Danielle Hale. “That lack of activity is causing this year’s more normal trends to look like a huge improvement, and it is. However, when compared to pre-pandemic levels, it is very clear we are still not on par with the number of sellers we saw in 2017 through 2019, which is helping to drive one of the most competitive seller’s markets of all time. Home prices are continuing to surge, and sales are occurring nearly three weeks faster than a normal spring home-buying season.”In terms of inventory, approximately 554,000 fewer homes were available for sale on a typical day in April this year compared to last year, and with buyer demand at an all-time high, home prices are expected to continue to reach new highs before peaking in July or August.And with less homes available, more are rushing to lock in a home. Homes across the U.S. are selling more quickly than last year when most of the country was on lockdown. The typical home in the U.S. spent an average 43 days on the market this April, 20 days less than last year. Notably, it was 18 days less than the typical time on market in April 2017 to 2019, and faster than any time since 2012, underscoring the continuing record-setting demand for housing.Realtor.com’s Monthly Housing Trends Report found that homes sold even faster in the 50 largest U.S. metros at 34 days on average, down from 50 in April 2020. In Denver, homes sold in an average of 15 days, while the median time on market in Columbus, Ohio, was just 16 days, and 18 days in Austin, Texas. Five of the top 50 largest markets are seeing homes sell in less than three weeks on average. Of the nation’s largest markets, only New York saw time on market increase, up 13 days.Click here for more on Realtor.com’s Monthly Housing Trends Report. Demand Propels Home Prices Upward 2 days ago 27 days ago 620 Views Danielle Hale Inventory Listings Monthly Housing Trends Report Realtor.com 2021-05-03 Eric C. Peck Share Save The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Postlast_img read more

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O’Domhnaill says DCA cuts are hitting the most vulnerable in Donegal

first_imgNews Twitter Twitter Pinterest Three factors driving Donegal housing market – Robinson Google+ 448 new cases of Covid 19 reported today Previous articleOver 2,000 Donegal students receiving Leaving Cert results todayNext articleHarvey welcomes progress on Trusk Road footpath News Highland Google+ Pinterest By News Highland – August 15, 2012 Facebookcenter_img O’Domhnaill says DCA cuts are hitting the most vulnerable in Donegal WhatsApp NPHET ‘positive’ on easing restrictions – Donnelly Donegal Senator Brian Ó Domhnaill claims the Government’ review of the Domiciliary Care Allowance has again targeted the families most in need of assistance.The Government instigated a review of the DCA towards the end of last year, which resulted in over half of the children with autism and severe intellectual disabilities losing their payments without warning.Senator O’Domhnaill says the Government has refused to listen to families affected by the DCA cuts and parents have had no input into changes in the system……….[podcast]http://www.highlandradio.com/wp-content/uploads/2012/08/brianam.mp3[/podcast] Calls for maternity restrictions to be lifted at LUH Help sought in search for missing 27 year old in Letterkenny Guidelines for reopening of hospitality sector published RELATED ARTICLESMORE FROM AUTHOR Facebook WhatsApplast_img read more

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Ebrington Parade Ground opens in Derry

first_img Calls for maternity restrictions to be lifted at LUH Ebrington Parade Ground opens in Derry By News Highland – February 14, 2012 Previous article49-year-old appears in court charged with attempting to bomb Derry CourtNext articleMc Hugh believes Irish government will honour A5 commitments News Highland Twitter Newsx Adverts Facebook Pinterest RELATED ARTICLESMORE FROM AUTHOR Google+ WhatsApp Guidelines for reopening of hospitality sector published center_img The old Ebrington Barracks parade ground in Derry are opening to the public this evening, creating the biggest piece of open space in the city, and one of the key performance areas for Derry’s year as UK City of Culture.It’s the first time the square will be open to the public since it was built in the 1840s.The regeneration company ILEX says the square is bigger than Trafalgar Square in London.The square links to the Peace Bridge which opened last year, and marks the first phase of a wider plan to develop the Ebrington complex.After what he says has sometimes been a frustratingly long wait, Foyle MP Mark Durkan is welcoming the opening of the square……………[podcast]http://www.highlandradio.com/wp-content/uploads/2012/02/mdurk530.mp3[/podcast] WhatsApp Three factors driving Donegal housing market – Robinson Pinterest Google+ Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Twitter Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

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Pearse Doherty TD backs calls for a Sinn Fein presidential candidate

first_img By News Highland – September 6, 2011 Calls for maternity restrictions to be lifted at LUH Almost 10,000 appointments cancelled in Saolta Hospital Group this week Previous articleDerry man in court on ‘Gothic horror weapon’ chargesNext articleQuigley’s Point community centre dispute continues News Highland Donegal Sinn Fein Deputy Pearse Doherty has joined calls for his party to put forwards a candidate in the forthcoming presidential election.Kerry TD Martin Ferris is already in the record stating his party should run a candidate with Deputy Pearse Doherty now echoing those calls.It would be the first time the Sinn Fein has contested the presidency.Mary Lou McDonald and  Michelle Gildernew have been suggested as possible candidates.Deputy Pearse Doherty, who is himself too young to contest the election, is clear in his views:[podcast]http://www.highlandradio.com/wp-content/uploads/2011/09/sfpres.mp3[/podcast] Google+ WhatsApp Facebook LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton WhatsApp RELATED ARTICLESMORE FROM AUTHOR Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey center_img Twitter Twitter Newsx Adverts Google+ Pinterest Guidelines for reopening of hospitality sector published Facebook Pinterest Pearse Doherty TD backs calls for a Sinn Fein presidential candidate Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more

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