Marketing & Statistics
Home Marketing & Statistics
Fixed-Rate Mortgages Dominant Choice of Refinancing Borrowers
McLean, VA - November 15, 2010 - (RealEstateRama) -- Freddie Mac (OTC:FMCC) announced the results of its quarterly Product Transition Report today
Florida’s Existing Condo Sales Up in 3Q 2010
ORLANDO, FL - November 12, 2010 - (RealEstateRama) -- Sales of existing condominiums in Florida rose 15 percent in third quarter 2010 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors®. A total of 16,938 existing condos sold statewide in 3Q 2010; during the same period the year before, a total of 14,793 units changed hands.
The Ballen Group, A Las Vegas Short Sale Specialist Team, has hired Bob Watman...
Las Vegas, NV - November 11, 2010 - (RealEstateRama) -- he Ballen Group, a top team of Las Vegas Real Estate Agents under the brokerage Keller Williams Realty Las Vegas who recently received multiple awards for their Las Vegas real estate production, continues to build an expert team of Las Vegas Real Estate agents and short sale processors. On Tuesday, October 19th, The Ballen Group was recognized for top achievements in Listings, Production, and marketing.
30-Year and 15-Year Fixed-Rate Mortgages Fall to New Lows
McLean, VA - November 11, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which found that the 30-year fixed-rate mortgage (FRM) and the 15-year (FRM) set new records for all-time lows. The 5-year ARM also reached another new low in the survey while the 1-year ARM remained at its nadir
Third Quarter Metro Area Home Prices Hold During Post-Credit Sales Decline
Washington, DC - November 11, 2010 - (RealEstateRama) -- Fully half of metropolitan areas tracked in the third quarter continued to show modest home price increases from a year ago, despite a sharp decline in home sales after the deadline for the home buyer tax credit, according to the latest survey by the National Association of REALTORS®.
Tax Credit Effect Evident in Illinois Third Quarter Home Sales Sales Down 24.0 Percent,...
SPRINGFIELD, IL - November 10, 2010 - (RealEstateRama) -- More than half of Illinois counties reported gains in the median home sale price during the third quarter of 2010 compared to a year ago despite the post-tax credit slowdown in sales activity. According to the Illinois Association of REALTORS® (IAR) third quarter 2010 report, Illinois home sales (which include single-family homes and condominiums) totaled 24,628 in the third quarter, down 24.9 percent from 32,776 home sales in the same period a year ago. The third quarter statewide median home sale price was $154,000, down 6.1 percent from $164,000 in the third quarter of 2009. The median is a typical market price where half the homes sold for more, half sold for less.
Mortgage Applications Increase in Latest MBA Weekly Survey
WASHINGTON, D.C. - November 10, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending November 5, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 5.8 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 5.4 percent compared with the previous week
ABC Offers Affordable, Effective Advertising & Marketing Opportunities to Fit Any Budget
November 9, 2010 - (RealEstateRama) -- The Atlantic Builders Convention (ABC), now in its 62nd year, is offering a wide variety of budget-friendly and cost-effective advertising and marketing opportunities. Exhibitors can maximize their return on investment in the convention by increasing their exposure at ABC. From direct mail to banner ads to on-site displays and new sponsorship packages, ABC has something for everyone to attract prospective customers in the homebuilding and remodeling industries. With 500 plus exhibitors and more than 7,000 attendees, ABC is the largest convention of its kind in the Northeast. The three-day tradeshow and conference will be held April 6-8, 2011 at the Atlantic City Convention Center in Atlantic City, NJ.
Freddie Mac Announces New Offering of K Certificates
McLean, VA - November 9, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) announces a new offering of Structured Pass-Through Certificates ("K Certificates"), multifamily mortgage-backed securities. The company expects to offer approximately $1.1 billion in K Certificates ("K-009 Certificates"), which are expected to price on or about November 16, 2010, and settle on or about November 23, 2010
Home Prices Continue Plunge Across Much of U.S., Clear Capital™ Looks Locally for Unique...
TRUCKEE, CA - November 9, 2010 - (RealEstateRama) -- Clear Capital (www.clearcapital.com) today released its monthly Home Data Index™ (HDI) Market Report, taking the most current (through October 2010) and granular (sub-ZIP code) look at how local markets performed compared to the national downward trend in home prices.
Metro Chicago Real Estate Market Registers Solid 9-Month Gain in 2010 Despite Slower July-Sept....
Chicago, IL - November 9, 2010 - (RealEstateRama) -- Home sales activity in the metropolitan Chicago real estate market registered a solid gain of 11 percent for the first nine months of 2010 when compared to the same period in 2009. That was achieved even as third-quarter transaction volume was 22.8 percent lower than the same period last year.
REALTORS® Gain New Perspective on Global Real Estate Market
New Orleans, NA - November 8, 2010 - (RealEstateRama) -- Real estate professionals from across the U.S. and abroad participated in a series of international discussions to gain global real estate insights during “Bringing International Real Estate Practices to the U.S.” at the 2010 REALTORS Conference & Expo in New Orleans this week.
Steady Improvement Predicted for Commercial Market
New Orleans, - November 8, 2010 - (RealEstateRama) -- LA While still experiencing challenges, the commercial real estate market could see signs of steady improvement in the near future, specifically concerning lending. This is according to two economists at the Economic Issues and Commercial Real Estate Business Trends Forum at the 2010 Realtors® Conference & Expo in New Orleans today.
Slow, Steady Housing Recovery Expected Ahead
New Orleans, LA - November 8, 2010 - (RealEstateRama) -- A slow, steady recovery is predicted for the housing market despite ongoing challenges, according to a residential market update today at the 2010 REALTORS® Conference & Expo
State housing agency offers lowest homebuyer interest rates in program history
AUSTIN, TX - November 5, 2010 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) today announced that it has reduced interest rates on mortgage loans offered through its Texas First Time Homebuyer Program to historically low levels, further opening the door to safe and responsible homeownership for qualifying low to moderate income Texans.Interest rates on these 30-year, fixed rate mortgage loans have been set at either 4.20 percent or 4.95 percent, depending on which of two types of loans the borrower selects. Rates had previously been set at 4.99 percent or 5.74 percent, respectively. The assisted rate of 4.95 percent is available with funds for down payment and closing cost assistance, helping families overcome what are often the biggest obstacles to buying a home.
Millie Rosenbloom, Chuck Goro, @properties Take Top Honors at Agents’ Choice Award
Chicago, IL - November 5, 2010 - (RealEstateRama) -- Chicago Agent magazine honored 15 exceptional companies and individuals on Nov. 3 in a ceremony celebrating the magazine’s fifth annual Agents’ Choice Awards. The awards ceremony event was held at Aquae Sulis in Lincoln Park. Over 150 guests were in attendance, representing and supporting each of the nominees
BOMA Helps Defeat Amendment 4 in Florida
WASHINGTON, DC - November 5, 2010 - (RealEstateRama) -- Members of the Building Owners and Managers Association (BOMA) International and other real estate and business interests achieved a significant victory on Tuesday with the defeat of Amendment 4 in Florida. If passed, the amendment would have required the state’s voters to approve all local comprehensive land use plan changes, rather than having those changes approved or rejected by city and county commissions. The amendment needed 60 percent of the vote for approval; however, 67 percent of voters rejected the measure. The outcome of the vote is expected to set a national precedent for other states.
Pending Home Sales Slip but Modest Recovery Expected in 2011
New Orleans, LA - November 5, 2010 - (RealEstateRama) -- Pending home sales retreated after two monthly gains, signaling an uneven recovery entering 2011 with some near-term disruptions from the foreclosure moratorium, according to the National Association of Realtors®. The report was released here at the 2010 Realtors® Conference & Expo
Low Inflation Keeps Mortgage Rates Relatively Flat This Week
McLean, VA - November 4, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which found that the 30-year fixed-rate mortgage rate rose slightly for the third consecutive week. The 15-year fixed-rate mortgage rate eased back down a little while the 5-year and 1-year ARMs set another low.
MBA: Commercial Mortgage Originations Continue to Rise in Third Quarter
WASHINGTON, D.C. - November 4, 2010 - (RealEstateRama) -- Third quarter 2010 commercial and multifamily mortgage loan originations were 32 percent higher than during the same period last year and 15 percent higher than during the second quarter, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
Mortgage Purchase Applications Increase, while Refinance Applications Decline in Latest MBA Weekly Survey
WASHINGTON, D.C. - November 3, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 29, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 5.0 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 5.3 percent compared with the previous week.The Refinance Index decreased 6.4 percent from the previous week. This is the third straight week the Refinance Index has decreased. The seasonally adjusted Purchase Index increased 1.4 percent from one week earlier. The unadjusted Purchase Index increased 0.2 percent compared with the previous week and was 28.0 percent lower than the same week one year ago.
Freddie Mac Reports Third Quarter 2010 Financial Results
McLean, VA - November 3, 2010 - (RealEstateRama) -- Freddie Mac (OTC:FMCC) today reported a net loss of $2.5 billion for the quarter ended September 30, 2010, compared to a net loss of $4.7 billion for the quarter ended June 30, 2010. After the dividend payment of $1.6 billion on its senior preferred stock to the U.S. Department of the Treasury (Treasury), Freddie Mac reported a net loss attributable to common stockholders of $4.1 billion, or $1.25 per diluted common share, for the third quarter of 2010, compared to a net loss attributable to common stockholders of $6.0 billion, or $1.85 per diluted common share, for the second quarter of 2010.
HOPE NOW: Proprietary Loan Modifications for Homeowners Continue at a Steady Pace – 120K...
WASHINGTON, DC - November 2, 2010 - (RealEstateRama) -- HOPE NOW, the private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors released its September 2010 survey data today, which estimates the industry completed close to 150,000 permanent loan modifications for the month.
Federal Home Loan Bank of Dallas Reports Third Quarter Earnings
DALLAS, TX - October 28, 2010 - (RealEstateRama) -- The Federal Home Loan Bank of Dallas (Bank) today reported net income of $27.4 million for the quarter ended September 30, 2010. For the nine months ended September 30, 2010, the Bank reported net income of $82.4 million
Mortgage Rates Up But Still Incredibly Low
McLean, VA - October 28, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which found that the 30-year fixed-rate mortgage rate rose slightly for the second consecutive time in six weeks. The 15-year fixed-rate mortgage rate also rose slightly while the 5-year ARM set another low, and the 1-year ARM tied last week’s low.
One-Third of Refinancing Homeowners Pay Down Debt in Third Quarter
McLean, VA - October 28, 2010 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) released the results of its third quarter cash-out refinance analysis.
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - October 28, 2010 - (RealEstateRama) -- The Federal Housing Finance Agency today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some ARM contracts, was 4.55 percent based on loans closed in September. This is a decrease of 0.10 percent from the previous month.
U.S. Monthly House Price Index Increases 0.4 Percent from July to August
WASHINGTON, DC - October 28, 2010 - (RealEstateRama) -- U.S. house prices rose 0.4 percent on a seasonally adjusted basis from July to August, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.5 percent decline in July was revised to a 0.7 percent decline. For the 12 months ending in August, U.S. prices fell 2.4 percent. The U.S. index is 13.6 percent below its April 2007 peak.
Remodeling Index Flat During Sluggish Economic Recovery
WASHINGTON, D.C. - October 28, 2010 - (RealEstateRama) -- The latest National Association of Home Builders' (NAHB) Remodeling Market Index (RMI) remained essentially unchanged at 40.8 in the third quarter, compared to 40.7 in the second quarter. An RMI below 50 indicates that more remodelers report that market activity is declining than report that it is increasing; so, on balance, it was the sentiment of remodelers that the market was still declining in the third quarter. The RMI has been running below 50 since the final quarter of 2005.
Mortgage Applications Increase in Latest MBA Weekly Survey
WASHINGTON, D.C. - October 27, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 22, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 3.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 3.1 percent compared with the previous week.The Refinance Index increased 3.0 percent from the previous week. The seasonally adjusted Purchase Index increased 3.9 percent from one week earlier. The unadjusted Purchase Index increased 3.5 percent compared with the previous week and was 30.3 percent lower than the same week one year ago


