Marketing & Statistics

ORLANDO, FL - June 23, 2010 - (RealEstateRama) -- Sales of existing homes in Florida rose 18 percent in May, marking 21 months that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors

WASHINGTON, D.C. - June 23, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 18, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 5.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 6.0 percent compared with the previous week.The Refinance Index decreased 7.3 percent from the previous week and the seasonally adjusted Purchase Index decreased 1.2 percent from one week earlier. The unadjusted Purchase Index decreased 2.3 percent compared with the previous week and was 36.8 percent lower than the same week one year ago

WASHINGTON, D.C. - June 23, 2010 - (RealEstateRama) -- Sales of newly built, single-family homes declined dramatically in May following the expiration of a popular home buyer tax credit program in the previous month, according to newly released figures by the U.S. Commerce Department. The data show that sales fell 32.7 percent to a seasonally adjusted annual rate of 300,000 units, the lowest number on record since the government started keeping track in 1963

SPRINGFIELD, IL - June 22, 2010 - (RealEstateRama) -- Illinois home sales activity in May increased for the ninth consecutive month and it was the third month of positive year-over-year price movement in 2010. According to the Illinois Association of REALTORS® latest report, statewide total home sales (which include single-family and condominiums) in May 2010 were up 27.1 percent, totaling 11,638 homes sold compared to May 2009 sales of 9,159 homes. The median price in May 2010 was $157,000, up 0.6 percent from $156,000 in May 2009. The median is a typical market price where half the homes sold for more, half sold for less.

Washington, DC - June 22, 2010 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding decreased in the first quarter, to $3.31 trillion, according to the Mortgage Bankers Association’s (MBA) analysis of the Federal Reserve Board Flow of Funds data

Washington, DC - June 22, 2010 - (RealEstateRama) -- Existing-home sales remained at elevated levels in May on buyer response to the tax credit, characterized by stabilizing home prices and historically low mortgage interest rates, according to the National Association of Realtors®. Gains in the West and South were offset by a decline in the Northeast; the Midwest was steady.

WASHINGTON, DC - June 22, 2010 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today introduced a monthly scorecard on the nation’s housing market. Each month, the scorecard will incorporate key housing market indicators and highlight the impact of the Administration’s unprecedented housing recovery efforts, including assistance to homeowners through the Federal Housing Administration (FHA) and the Home Affordable Modification Program (HAMP). This scorecard contains key data on the health of the housing market including

WASHINGTON, DC - June 22, 2010 - (RealEstateRama) -- U.S. house prices rose 0.8 percent on a seasonally adjusted basis from March to April, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.3 percent increase in March was revised to a 0.1 percent increase. For the 12 months ending in April, U.S. prices fell 1.5 percent. The U.S. index is 12.8 percent below its April 2007 peak

WASHINGTON, D.C. - June 18, 2010 - (RealEstateRama) -- The ongoing foreclosure crisis has slashed hundreds of billions of dollars in wealth from communities of color, a new CRL research report shows, as an estimated 17% of Latino homeowners and 11% of African-American homeowners have already lost their home to foreclosure or are now at imminent risk. The wealth drain is the result of direct losses from foreclosures and also the decline in neighboring property values each foreclosure brings.

SACRAMENTO, CA - June 17, 2010 - (RealEstateRama) -- The pace of home sales at California new-home communities continued to be notably lower than levels seen a year ago, the California Building Industry Association reported today.

McLean, VA - June 17, 2010 - (RealEstateRama) -- Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.75 percent with an average 0.7 point for the week ending June 17, 2010, up from last week when it averaged 4.72 percent. Last year at this time, the 30-year FRM averaged 5.38 percent.

WASHINGTON, Dc - June 17, 2010 - (RealEstateRama) -- In an effort to better serve the American people, the U.S. Department of Housing and Urban Development (HUD) has embraced social media and streamlined its Web site contact tools to facilitate open communication and total transparency.

HARRISBURG, PA - June 17, 2010 - (RealEstateRama) -- June is National Homeownership Month, making it the perfect time to remind Pennsylvanians about the terrific resources available from the Pennsylvania Housing Finance Agency if they are considering a home purchase.

Washington, DC - June 16, 2010 - (RealEstateRama) — This recession has been particularly brutal on American cities. Nearly one in five Americans are unemployed — or can’t find enough work — housing prices have fallen 17% since 2007, our $13 trillion debt is out of control, and experts are now preparing for the possibility [...]

Seattle, WA - June 16, 2010 - (RealEstateRama) -- Redfin today released new data on the King County real estate market showing that the median price of a single-family home increased 2.5% from April to May, and 2.5% year over year as well. Redfin attributes the increase in median price in part to the federal tax credit, which required buyers to be under contract on a home sale by April 30. Other metrics were weak: sales volume for King County was mixed from April to May and competition among home-buyers declined, even though the number of houses for sale dropped 5.4%

WASHINGTON, D.C. - June 16, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 11, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 17.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 29.7 percent compared with the previous week, which was a shortened week due to the Memorial Day holiday

WASHINGTON, D.C. - June 16, 2010 - (RealEstateRama) -- Nationwide housing starts and issuance of building permits stalled in May following the expiration of a popular home buyer tax credit program, according to data released by the U.S. Commerce Department today. New-home production declined 10 percent to a seasonally adjusted annual rate of 593,000 units, the slowest pace since December 2009, while permit issuance slowed 5.9 percent to a rate of 574,000 units, its slowest pace since May 2009.

BURLINGTON, VT - June 16, 2010 - (RealEstateRama) -- In spite of the softening real estate market, Vermonters earning the median income still could not afford the median priced home, according to a new report released today

BURLINGTON, VT - June 15, 2010 - (RealEstateRama) -- In spite of the softening real estate market, Vermonters earning the median income still could not afford the median priced home, according to a new report released today.

San Francisco, CA - June 15, 2010 - (RealEstateRama) -- Redfin today released new data on the San Francisco Bay Area market showing that the median price of a Bay Area single-family home increased 9.9% from April to May, and 32.8% year over year. The number of house sales that closed increased 10.1% from April to May. As the market enters what is typically its busy summer season, inventory has remained low and even still, competition has decreased, especially for lower-priced homes.

McLean, VA - June 14, 2010 - (RealEstateRama) -- Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.72 percent with an average 0.7 point for the week ending June 10, 2010, down from last week when it averaged 4.79 percent. Last year at this time, the 30-year FRM averaged 5.59 percent.

IRVINE, CA - June 14, 2010 - (RealEstateRama) -- RealtyTrac® (http://www.realtytrac.com/gateway_co.asp?accnt=137300), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for May 2010, which shows that foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 322,920 properties in May, a 3 percent decrease from the previous month and an increase of less than 1 percent from May 2009. One in every 400 U.S. housing units received a foreclosure filing during the month.

WASHINGTON, D.C. - June 14, 2010 - (RealEstateRama) -- The multifamily market showed signs of moving back toward stability in the first quarter of 2010, according to the latest NAHB’s Multifamily Market Index (MMI). The current production index for market-rent apartments jumped to 30.6, 14 points higher than a year earlier, while future demand expectations for Class A apartments rose to 49.6 from 34 and for Class B to 53.1 from 43.9. For lower-rent units and for-sale condominiums, the current production indexes rose to 38.2 and 25.0, respectively, more than 10 points higher than in the first quarter of 2009.

Washington, D.C. - June 10, 2010 - (RealEstateRama) -- Today, Congressman Donald M. Payne voted to help families realize the dream of homeownership, save taxpayers money and protect Americans from mortgage fraud by instituting reforms to the Federal Housing Administration (FHA).

WASHINGTON, D.C. - June 10, 2010 - (RealEstateRama) -- First time homebuyers have a lot to consider this summer when making the decision to rent or buy a home: interest rates are at all-time lows, there’s still plenty of housing stock and prices are at or near their lowest in years.

NEW YORK, NY - June 9, 2010 - (RealEstateRama) -- The Real Estate Board of New York (REBNY) presented its 2009 Retail Deal of the Year Awards, which recognize the most creative and significant retail deals, at the Retail Committee’s annual cocktail party at the 101 Club Tuesday night.

Washington, DC - June 9, 2010 - (RealEstateRama) -- The National Housing Conference (NHC)

WASHINGTON, D.C. - June 9, 2010 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending June 4, 2010. The Market Composite Index, a measure of mortgage loan application volume, decreased 12.2 percent on a seasonally adjusted basis from one week earlier. This week's results include an adjustment to account for the Memorial Day holiday. On an unadjusted basis, the Index decreased 21.1 percent compared with the previous week

Washington, D.C. - June 7, 2010 - (RealEstateRama) -- June is National Homeownership Month, and the Independent Community Bankers of America (ICBA) and the nation’s nearly 8,000 community banks continue to help Americans in communities throughout the country become, and remain, homeowners each year through the personal attention that only a local community bank can provide.

Wallingford, CT - June 7, 2010 - (RealEstateRama) -- Thanks to robust sales of single family homes at The Willows and despite tough economic conditions, VW Homes has announced the opening of Phase 3, the final phase of construction at this community. This announcement comes months ahead of schedule. The final twenty-two homes are slated to be completed by the spring of 2011