Marketing & Statistics
RealEstateRama Marketing & Statistics
Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - April 6, 2011 - (RealEstateRama) -- Mortgage applications decreased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 1, 2011.
Weekly Application Survey
WASHINGTON, D.C. - March 30, 2011 - (RealEstateRama) -- Mortgage applications decreased 7.5 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending March 25, 2011.
FinCEN Releases Commercial Real Estate Fraud Analysis and Advisory
VIENNA, VA - March 30, 2011 - (RealEstateRama) -- The Financial Crimes Enforcement Network (FinCEN) today released its analysis of suspicious activity reports (SARs) that call attention to possible fraud in the commercial real estate financing arena. The analysis, Commercial Real Estate Financing Fraud Suspicious Activity Reports by Depository Institutions, found that reported incidences of suspicious activity in commercial real estate financing as reported by depository institutions filing SARs almost tripled between 2007 and 2010, the period which FinCEN examined.
Twenty Percent Downpayment Rule Would Disrupt First-time Home Buyer Market
WASHINGTON, D.C. - March 30, 2011 - (RealEstateRama) -- A plan unveiled today by the Federal Deposit Insurance Corp. that would require a minimum 20 percent down payment for "qualified residential mortgages" would disrupt the housing market and jeopardize the economic recovery, according to the National Association of Home Builders (NAHB).
Federal Housing Finance Agency Reports Mortgage Interest Rates
Washington, DC - March 29, 2011 - (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 4.79 percent based on loans closed in February. This is an increase of 0.08 percent from the previous month
FinCEN’s 2010 Mortgage Fraud Report: SAR Filings Up; Potential Abuse of Bankruptcy Identified
VIENNA, VA - March 28, 2011 - (RealEstateRama) -- The Financial Crimes Enforcement Network (FinCEN) in its new report, Mortgage Loan Fraud SAR Filings In Fourth Quarter and Calendar Year 2010, today released full year data showing the number of suspicious activity reports involving mortgage loan fraud (MLF SARs) increased 4 percent in 2010 to 70,472 compared with 67,507 MLF SARs filed in 2009. The report also shows that the growth rate of MLF SARs began to slow over the last two to three years. Looking at just the 2010 fourth quarter, filers submitted 18,759 MLF SARs, a 1 percent decrease from the 18,884 filings over the same period in 2009.
KTGY Principal Manny Gonzalez, AIA, LEED AP to Speak on “Designed for Success: Today’s...
IRVINE, CA - March 28, 2011 - (RealEstateRama) -- Award-winning KTGY Group, Inc., Architecture and Planning, is pleased to announce that Manny Gonzalez, AIA, NCARB, LEED AP, CAASH and principal of KTGY Group will be the keynote speaker on the Multifamily Conference CEO Series on MultifamilyBiz.com, "Designed For Success: Today's 50+ Apartment Communities," on April 5, 2011, at 9:00 a.m. EST. This lively, fast-paced 60-minute FREE On-Demand Digital Media Webcast will bring to focus what you need to know about the growing 50+ market. In this in-depth informative discussion, Gonzalez shares his insight about how the aging Baby Boomers are driving urban infill, redevelopment opportunities and are changing the face of 50+ apartment community design.
February Pending Home Sales Rise
Washington, DC - March 28, 2011 - (RealEstateRama) --Pending home sales increased in February but with notable regional variations, according to the National Association of Realtors®.
Bankrate: Mortgage Rates Show Slight Increase
NEW YORK, N.Y. - March 24, 2011 - (RealEstateRama) -- Mortgage rates marked a slight increase, with the benchmark conforming 30-year fixed mortgage rate rising to 4.96 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.41 discount and origination points.
Building Owners and Managers Conserve Energy in Support of 2011 Earth Hour
WASHINGTON, DC - March 24, 2011 - (RealEstateRama) -- The Building Owners and Managers Association (BOMA) International announced today that it will encourage its members to participate in the World Wildlife Fund (WWF)’s 2011 Earth Hour. WWF’s global initiative asks that individuals, businesses, organizations and governments turn off all non-essential lighting for one hour, from 8:30-9:30 pm local time on Saturday, March 26, 2011. The aim of Earth Hour is to visibly demonstrate global concern about climate change and a commitment to find solutions that minimize negative human impact on the Earth.
Sales Data Identifies Top Real Estate Producers
DENVER, CO - March 24, 2011 - (RealEstateRama) -- It’s what matters most to buyers and sellers in today’s real estate market – working with a professional real estate agent who has the experience to get the job done. And statistics show, that is a RE/MAX agent. For the 13th consecutive year, nobody sells more real estate than RE/MAX
New-Home Sales Hit Record Low in February
WASHINGTON, D.C. - March 23, 2011 - (RealEstateRama) -- Sales of newly built, single-family homes declined 16.9 percent in February to a record-low seasonally adjusted annual rate of 250,000 units, according to figures released today by the U.S. Commerce Department."Today's report is primarily a reflection of consumer uncertainty regarding the overall economy," said Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev. "A recent Gallup poll confirmed that the economy is Americans' top concern right now. At the same time, even qualified buyers who are ready to make a purchase are facing frustrating challenges in terms of tight consumer lending conditions and inappropriately low appraisal values on new construction."
Mortgage Applications Increase in Latest MBA Weekly Survey
WASHINGTON, D.C. - March 23, 2011 - (RealEstateRama) -- Mortgage applications increased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending March 18, 2011.
VERMONT HOUSING FINANCE AGENCY BREAKS $3 BILLION BONDING MILESTONE
March 22, 2011 - (RealEstateRama) -- BURLINGTON—Vermont Housing Finance Agency (VHFA) has passed a major milestone:
The Agency has issued more than $3 billion in bonds to finance homeownership and rental opportunities for low- and moderate-income Vermonters.
Oil Prices Cloud Economic Outlook According to Fannie Mae’s Economic & Mortgage Market Analysis...
WASHINGTON, DC - March 22, 2011 - (RealEstateRama) -- The economy continues to show increasing signs of self-sustaining momentum, however an unexpected jump in oil prices and the potential for further tightening of fiscal policy suggest less economic momentum than previously believed, according to the March 2011 Economic Outlook released today by Fannie Mae's (FNMA/OTC) Economics & Mortgage Market Analysis Group. Projected economic growth for the year was lowered to 3.5 percent — down slightly from 3.7 percent in February 2011, but up from 2.7 percent annual growth in 2010.
February Existing-Home Sales Decline following Sustained Gains
Washington, DC - March 21, 2011 - (RealEstateRama) -- WASHINGTON (March 21, 2011) – Existing-home sales fell in February following three straight monthly increases, according to the National Association of REALTORS
30-Year Fixed-Rate Mortgage Drops Amid Japan Crisis
McLean, VA - March 17, 2011 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey®> (PMMS®), which shows the 30-year fixed-rate dropping to 4.76 percent while the 15-year fixed-rate hit its lowest rate at 3.97 percent since December 2010.
Commercial/Multifamily Mortgage Debt Outstanding Fell by $67 billion, 2.7 Percent in 2010, Driven by...
Washington, DC - March 17, 2011 - (RealEstateRama) -- The level of commercial/multifamily mortgage debt outstanding decreased by 0.5 percent in the fourth quarter of 2010, to $2.4 trillion, according to the Mortgage Bankers Association (MBA) analysis of the Federal Reserve Board Flow of Funds data. On a year-over-year basis, the amount of mortgage debt outstanding at the end of 2010 was $67 billion lower than at the end of 2009, a decline of 2.7 percent.
Young Home Buyers Will Lead Housing Market Recovery, Says NAHB
WASHINGTON, D.C. - March 17, 2011 - (RealEstateRama) -- Generation X –young families and adults ages 31 to 45 – are likely to lead the home buying recovery as it gets underway, according to real estate experts who spoke at an educational webinar produced by the National Association of Home Builders (NAHB).These potential home buyers are most likely to think it's a good time to get off the fence – and have strong opinions about the design features their new homes will include.
Mortgage Purchase Applications Decrease in Latest MBA Weekly Survey
WASHINGTON, D.C. - March 16, 2011 - (RealEstateRama) -- Mortgage applications decreased 0.7 percent from one week earlier, according to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending March 11, 2011