Month: May 2021 Page 1 of 17

Consumer Credit Risk Drops to Lowest Level Since 2005

first_img March 5, 2014 710 Views Credit Risk Credit Risk Index TransUnion 2014-03-05 Colin Robins Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Headlines, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Consumer Credit Risk Drops to Lowest Level Since 2005 Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Cost of Compliance: Community-Based Mortgage Servicing Next: Lenders: Beware of the ‘Forced’ Short-Sale in Bankruptcy About Author: Colin Robins Tagged with: Credit Risk Credit Risk Index TransUnion Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Share Save Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News’ sister site. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe  Print This Post Related Articles Home / Daily Dose / Consumer Credit Risk Drops to Lowest Level Since 2005 TransUnion released its Credit Risk Index, which measures aggregate credit risk in the nation. The report released Wednesday concluded that credit risk dropped at the end of 2013 to the lowest level since 2005.The index dropped to 110.10 in the fourth quarter of 2013, down nearly 9 percent from the 120.64 reading from Q4 2012.The release noted, “The Credit Risk Index measures changes in consumer credit score distributions relative to the national distribution and delinquency rates as a whole at the end of 1998.”1998 was chosen as “a representative year of credit performance within the usual dynamic of the historical credit cycle,” according to the report.A value of more than 100 represents a higher level of risk, and TransUnion remarks that the CRI has generally ranged between 110 and 120 between 2001 and 2007, and saw elevated ranges from 120 and 130 during the most recent recession.”With auto loan and credit card delinquency levels hovering near all-time lows for the last two years, and with mortgage delinquencies seeing their biggest drop in 2013 since the housing bubble, a decline in go-forward consumer credit risk would be expected. However, it was a pleasant surprise to see the Credit Risk Index drop to levels not seen in nearly 10 years,” said Ezra Becker, VP of research and consulting for TransUnion’s financial services business unit.The CRI peaked at the end of 2009 at 129.67, 15 percent higher than the current level.”This improvement is driven by a myriad of factors, including consumers better maintaining their credit relationships and fewer subprime and near-prime consumers opening new credit accounts. With credit risk at such low levels, there is a possibility that consumers in higher risk segments may see more credit offers, as some lenders decide they have the room in their profit models to take on greater risk,” Becker said.States experiencing the greatest CRI improvements in the last year include: California (down 12.97 percent to 100.74); Nevada (down 12.94 percent to 130.85); Florida (down 12.17 percent to 123.27); and Hawaii (down 11.62 percent to 81.99).The highest risk states include Mississippi (152.67), South Carolina (139.27) and Louisiana (139.07). The lowest risk states were North Dakota (74.57), Minnesota (78.47) and Hawaii (81.99).last_img read more

Federal Reserve Continues Taper; Reduces Purchases by $10 Billion

first_img Tagged with: Economic Activity Federal Open Market Committee Federal Reserve Mortgage-Backed Securities The Best Markets For Residential Property Investors 2 days ago Subscribe April 30, 2014 882 Views Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Federal Reserve Continues Taper; Reduces Purchases by $10 Billion Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News’ sister site.  Print This Post Related Articlescenter_img Economic Activity Federal Open Market Committee Federal Reserve Mortgage-Backed Securities 2014-04-30 Colin Robins Sign up for DS News Daily About Author: Colin Robins Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, Headlines, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Fannie and Freddie Stress Test Results ‘Not Surprising’ Next: Winter Season Takes A Toll on Q1 GDP The Board of Governors of the Federal Reserve System issued their Federal Open Market Committee statement, commenting that growth in economic activity has picked up recently despite a sluggish first quarter, due in part to adverse weather conditions. The Fed noted that recovery in the housing sector remained slow.Early analyst projections of the Fed’s announcement expected a further reduction in bond purchases.Michael Wolf, an economist at Wells Fargo Securities, offered this prediction to DS News: “We also expect another $10 billion reduction in bond purchases ($5 billion from Treasuries and $5 billion from MBS [mortgage-backed securities]) and for rates to be left unchanged.”He also noted, “We will be looking for any indications that the Fed’s views on the labor market and inflation have changed to better gauge future policy decisions and the level of hawkishness/dovishness under the new chair. However, we do not expect there to be much deviation in language in this announcement.”Paul Diggle from Capital Economics agreed with Wolf.”Sticking to its previous tapering plan, we expect the Fed to reduce its monthly asset purchases by a further $10 billion, to $45 billion per month. We still anticipate that the first rate hike will be in June 2015,” Diggle said.Indeed, early projections for a continued taper of government purchases turned out to be accurate. Beginning in May, the committee will add only $20 billion in MBS per month, rather than the previous pace of $25 billion. Additionally, longer-term Treasury securities will be scaled back to $25 billion per month, rather than $30 billion.”The Committee’s sizable and still-increasing holdings of longer-term securities should maintain downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative, which in turn should promote a stronger economic recovery and help to ensure that inflation, over time, is at the rate most consistent with the Committee’s dual mandate,” the committee noted.The committee reiterated its view “that a highly accommodative stance of monetary policy remains appropriate.”Overall, the announcement today means a continued taper of government purchases, while remaining flexible to emerging market conditions.The Fed commented, “If incoming information broadly supports the Committee’s expectation of ongoing improvement in labor market conditions and inflation moving back toward its longer-run objective, the Committee will likely reduce the pace of asset purchases in further measured steps at future meetings.”The Fed’s decision was unanimous. Federal Reserve Continues Taper; Reduces Purchases by $10 Billionlast_img read more

Mortgage Professionals Support Reducing Presence of GSEs in Market

first_imgHome / Daily Dose / Mortgage Professionals Support Reducing Presence of GSEs in Market Data Provider Black Knight to Acquire Top of Mind 2 days ago Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Related Articles December 8, 2014 892 Views As policymakers continue to mull over the possible dissolution of Fannie Mae and Freddie Mac, a new survey shows industry professionals support the continued—albeit reduced—presence of the two mortgage giants in the market.In a report released Monday, the Collingwood Group said that 65 percent of lenders and other mortgage industry workers support the push for GSE reform, calling their current state of conservatorship under the Federal Housing Finance Agency (FHFA) unsustainable.At the same time, none of the survey respondents called for a wind-down or elimination of the GSEs, calling instead for administrative changes and the addressing of issues ranging from “aggressive put-back tactics” to the companies’ overwhelmingly dominant position in the market, which some firms see as the government crowding out the private sector.The Collingwood Group’s findings run counter to tactics taken by lawmakers like Tim Johnson (D-South Dakota) and Mike Crapo (R-Idaho), the heads of the Senate Banking Committee and authors of a bill designed to dissolve the GSEs and replace them with a government corporation that has a more limited role.Having passed a committee vote against the wishes of many Democrats, the Johnson-Crapo bill has yet to see a full Senate vote, despite support from the Obama administration. Critics of the legislation, including committee members Charles Schumer (D-New York), Elizabeth Warren (D-Massachusetts), and Sherrod Brown (D-Ohio), say it doesn’t do enough to provide affordable housing for lower-income Americans.While Washington continues to debate over the next step for Fannie and Freddie, the Collingwood Group reports that the two companies are making strides in improving their relationships in the mortgage industry. Sixty-seven percent of respondents in the firm’s survey indicated that Freddie Mac has become more supportive and responsive to lenders’ needs in the last year, while 63 percent said the same for Fannie Mae.”The industry’s perception of Fannie Mae and Freddie Mac’s boost in performance over the last year is evidence of the fight for market share,” the Collingwood Group said. “It’s clear that the agencies are providing better service to customers in order to compete with each other and the private label market.”When asked about which factors most influence their decisions on which GSE to sell their loans to, nearly half of respondents cited price as the biggest point, with one anonymous respondent saying, “Amidst margin compression and rising expenses, we have to capture every basis point.”Twenty-four percent said the most important factor is which GSE offers better support for smaller lenders, while 22 percent were more concerned about rep and warrant relief and enforcement. Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Collingwood Group Fannie Mae FHFA Freddie Mac Politics 2014-12-08 Tory Barringer Servicers Navigate the Post-Pandemic World 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Mortgage Professionals Support Reducing Presence of GSEs in Market Demand Propels Home Prices Upward 2 days agocenter_img  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News, Secondary Market The Best Markets For Residential Property Investors 2 days ago Tagged with: Collingwood Group Fannie Mae FHFA Freddie Mac Politics Previous: GSEs Officially Lower Down Payment to 3 Percent for Qualifying First-Time Homebuyers Next: HUD, VA Work Together to End Veteran Homelessness About Author: Tory Barringer Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Out of Their Reach

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Alison Rich The numbers sure look rosy. To begin with, the 30-plus delinquency rate, the most comprehensive measure of mortgage performance, is near a 10-year low. In May 2016, the rate totaled 5.3 percent. By contrast, 4.5 percent of mortgages were delinquent by at least 30 days or more this May, including those in foreclosure.A 0.8-percentage-point dampening in the overall delinquency rate is clearly a step in the right direction. But there’s more to it than meets the eye, so says Frank Nothaft, Chief Economist at CoreLogic, in the company’s May 2017 Loan Performance Insights report.“Strong employment growth and home price increases have contributed to improved mortgage performance,” Nothaft said. “Early-stage delinquencies are hovering around 17-year lows, and the current-to-30-day-past-due transition rate remained low at 0.8 percent. However, the same positive economic conditions helping performance have also contributed to lack of affordable supply, creating challenges for homebuyers.”In a similar vein, a protracted period of relatively tight underwriting standards has driven down mortgage delinquencies to pre-crisis levels, said CoreLogic President and CEO Frank Martell. As of this May, the foreclosure inventory rate stood at 0.7 percent compared with 1 percent in May 2016.Defined as 90 days or more past due, including loans in foreclosure, serious delinquencies are also on a downslope. Except for Alaska and North Dakota, which both recorded increases, each of the remaining states noted a decrease in its serious delinquency rate.All that positivity comes with a caveat, Martell cautioned: “As pressure to relax underwriting standards increases, the industry needs to proceed carefully and take progressive, sensible actions that protect hard-fought improvements in mortgage performance.”Tempering aside, the numbers presage a robust future for the servicing sector, the report contends: “The continued improvement in mortgage performance bodes well for the health of the U.S. market in 2017. Servicers Navigate the Post-Pandemic World 2 days ago August 15, 2017 1,514 Views The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Out of Their Reach Tagged with: Delinquency Rates Alison Rich has a long-time tenure in the writing and editing realm, touting an impressive body of work that has been featured in local and national consumer and trade publications spanning industries and audiences. She has worked for DS News and MReport magazines—both in print and online—since they launched. Out of Their Reach Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days agocenter_img  Print This Post Related Articles in Daily Dose, Featured, Foreclosure, News Delinquency Rates 2017-08-15 Alison Rich Previous: SFR: How Does it Affect Homebuyers? Next: Credit Where It’s Due Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Subscribelast_img read more

The Week Ahead: Making the Business Case for Diversity

first_img Servicers Navigate the Post-Pandemic World 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 AMDC American Mortgage Diversity Council Diversity and Inclusion Webinar 2018-05-27 David Wharton Home / Daily Dose / The Week Ahead: Making the Business Case for Diversity The Week Ahead: Making the Business Case for Diversity in Daily Dose, Featured, News Share Save May 27, 2018 1,827 Views Demand Propels Home Prices Upward 2 days ago Previous: Examining Military and Veteran Homeownership Next: Building a Playbook for the Future 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] About Author: David Wharton Tagged with: AMDC American Mortgage Diversity Council Diversity and Inclusion Webinarcenter_img Demand Propels Home Prices Upward 2 days ago On Wednesday, the American Mortgage Diversity Council (AMDC) will present a complimentary webinar entitled “Making the Business Case for Diversity & Inclusion.” Beginning at 3 p.m. ET, the webinar will explore how increasing inclusiveness contributes to the health of an organization and benefits the bottom line. The webinar will present an overview of practical steps that your business can take to promote diversity in the workplace.The AMDC webinar will be hosted by Tami Rund, CEO, AssetVal, and Monika Peltz, SVP of Default Operations at First American Title. The webinar will also include presentations from AMDC member firms AssetVal, Continental Real Estate Services, First Allegiance, and First American. You can click here to register for the webinar.The American Mortgage Diversity Council provides a platform for collaboration of mortgage industry leaders for the advancement of diversity and inclusion dialogue. The organization fosters discussion and promotes action through active participation with mortgage lenders, Servicers, and related service providers. AMDC regularly engages with various federal agencies with respect to policy and procedure impacting diversity and inclusion across the mortgage industry.Here’s what else is happening in The Week Ahead.S&P CoreLogic Case-Shiller HPI, Tuesday, 9 a.m. ETMBA Mortgage Applications, Wednesday, 7 a.m. ETFederal Reserve Beige Book, Wednesday, 2 p.m. ETNAR Pending Home Sales Index, Thursday, 10 a.m. ETFed Balance Sheet, Thursday, 4:30 p.m. ET Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

Will Wage Growth Bring Relief to Homebuyers?

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Subscribe July 6, 2018 1,489 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily 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. The Best Markets For Residential Property Investors 2 days ago Tagged with: building Census Bureau Construction Fannie Mae First American Homebuyers HOUSING Inventory Jobs LendingTree Realtor.com Shortage Supply Previous: PACE Financing Risks—A Fresh Look Next: The Rise and Stall of Zero Net Energy Homes Will Wage Growth Bring Relief to Homebuyers? Home / Daily Dose / Will Wage Growth Bring Relief to Homebuyers? Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Radhika Ojha Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Total employment across the United States increased by 213,000 while the unemployment rate rose to 4 percent in June, according to data released by the Bureau of Labor Statistics on Friday. Despite the rise, unemployment still remained below the 4.3 percent rate recorded during the same period last year.“Job gains were solid, with sizable upward revisions to the prior two months, and annual wage gains held steady,” said Doug Duncan Chief Economist at Fannie Mae. “While the unemployment rate increased for the first time since August, it was accompanied by a two-tenths rise in the labor force participation rate, marking the first advance in four months.”Data also indicated a rise in wages or hourly earnings by 2.7 percent, a figure that is likely to bring some relief to homebuyers according to Danielle Hale, Chief Economist at Realtor.com.“If the unemployment rate continues to remain low, companies may continue to push salary increases, which could offer some relief for home buyers. There are more than 15 percent fewer entry-level homes under $200,000 on the market this year than last year,” said Hale. “In contrast, there are slightly more $350,000 plus homes on the market than last year. If raises help buyers reach beyond entry-level homes, it could lead to a better match up of home shoppers and available homes.”However, Tendayi Kapfidze, Chief Economist at LendingTree believed that wage growth remained weak despite this hike. “Despite the low unemployment rates, wages continue to disappoint. The increase in the labor force participation rate may offer a clue as to why,” Kapfidze said. “The large pool of available people to enter the labor force is a drag on wages as it reduces the bargaining power of workers who are already employed.”Friday’s numbers also indicated some hope for relief in housing supply. The data found that construction employment continued to trend up in June and had increased by 282,000 year over year. However, “a moderation in residential construction payroll gains to 4,400 from 12,600 in May disappointed,” according to Duncan.“Specifically for the housing market, residential construction employment increased, which is critically important to increase the pace of housing starts and add more housing supply to the market,” said Mark Fleming, Chief Economist, First American. “Based on the increase of residential construction employment this year, it is not surprising that housing starts have been rising.”Kapfidze agreed, “Over the past year, 282,000 total construction jobs have been added as builders work to add supply given the tight inventory and rising home prices.” in Daily Dose, Featured, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago building Census Bureau Construction Fannie Mae First American Homebuyers HOUSING Inventory Jobs LendingTree Realtor.com Shortage Supply 2018-07-06 Radhika Ojha Share Savelast_img read more

Re-Examining Manufactured Housing

first_img In an effort to combat a shrinking affordable housing stock, Fannie Mae’s Duty to Serve initiative is developing solutions including manufactured housing, affordable housing preservation, and rural housing. According to Fannie Mae, the initiative is looking at new ways to consider Manufactured Housing Communities (MHCs), as a reliable source of affordable housing for homeowners and renters in suburban and rural locations across the country.According to Jose Villareal, Manager, Multifamily MHC Housing Development at Fannie Mae, the Duty to Serve plan includes new strategies to support non-traditional owners of MHCs.Residents of MHCs make up 80% of Area Median Income (AMI) or less, and with land values rising in many suburban areas, MHCs have begun to consider selling. The problem is, when sold, these MHCs are often converted into traditional apartments, reducing the number of affordable housing options.“The problem worsens in rural areas where MHCs are older and in need of upgrades – reinvestment in the properties that owners are often reluctant to finance,” said Villareal in a statement.“Non-traditional and non-profit ownership structures are a useful option, which allows non-profits to purchase and preserve MHCs and with a stronger incentive to complete necessary repairs in rural communities,” Villareal added.Additionally, Fannie Mae is testing a product enhancement specifically for resident-owned communities, as well as non-profit communities. Part of Fannie Mae’s product enhancements include guaranty fee discount of 7.5 basis points and a servicing fee discount of 7.5 basis points for non-profit owners, including up to $10,000 in reimbursement for third-party reports such as appraisals and environmental assessments.Resident-owned communities, Fannie Mae notes, provide stability other other options cannot, as homeowners have more of an opportunity to better manage and control MHC costs.“Fannie Mae has been a leading source of liquidity for manufactured housing transactions since 2000,” Villareal said. “As part of our Duty to Serve plan, we are continuing to develop new strategies to support manufactured housing communities and the people who live there.” The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News Affordability Manufactured Housing Rent Sales 2019-07-02 Seth Welborn  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Affordability Manufactured Housing Rent Sales The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Seth Welborn Share Savecenter_img Sign up for DS News Daily Re-Examining Manufactured Housing Previous: The iBuying Impact: Increased Efficiency or Another Housing Bubble? Next: Home Prices Continue Upward Trend Home / Daily Dose / Re-Examining Manufactured Housing The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago July 2, 2019 986 Views Related Articles 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. Subscribelast_img read more

Pandemic Forces Shifts in Migration

first_img  Print This Post Home / Daily Dose / Pandemic Forces Shifts in Migration Data Provider Black Knight to Acquire Top of Mind 2 days ago Pandemic Forces Shifts in Migration Servicers Navigate the Post-Pandemic World 2 days ago April 6, 2021 703 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Tagged with: COVID-19 Jeff Tucker migration Moving pandemic Zillow Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago 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. Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Journal, News About Author: Eric C. Peck Demand Propels Home Prices Upward 2 days ago Zillow conducted its first-ever mover report, which found that more than one in 10 Americans (11%) say they already moved in the past year, either by choice or by circumstance, contributing to the “Great Reshuffling,” and millions of additional households could enter the real estate market as a result of the COVID-19 pandemic.Researchers from Zillow concluded that a significant number of homeowners say they’re more likely to move and sell their home as a result of the pandemic, representing an additional 2.5 million households that could enter a tight real estate market already driven by unrelenting demand.Life and financial uncertainty were listed as the top reasons that homeowners have not listed their home for sale during the pandemic among those polled. The COVID-19 vaccine is likely to change that and prompt many more people to move, as Zillow data found that 70% of homeowners said they would be comfortable moving to a new home when there is widespread vaccine distribution. Among recent movers, 75% said they moved for positive reasons, such as being closer to family or friends or living in an area they’ve always desired.Sun Belt metros were the top destination for most moving, as Phoenix; Charlotte, N.C.; and Austin, Texas saw the highest net inbound moves in the first 11 months of 2020, citing affordability and warmer weather as keys.Data from North American Van Lines found some of the country’s largest and most expensive housing markets, including New York, Los Angeles, San Francisco, and Chicago with the highest net outbound moves, as for-sale inventory in these metros climbed.”The pandemic brought an acceleration of trends we were seeing in 2018 and 2019,” says Zillow Senior Economist Jeff Tucker. “More affordable, medium-sized metro areas across the Sun Belt saw significantly more people coming than going, especially from more expensive, larger cities farther north and on the coasts. The pandemic has catalyzed purchases by millennial first-time buyers, many of whom can now work from anywhere.”Nearly a third of recent movers (31%) polled said they had been dreaming about moving for a year or longer. Seventy-six percent noted that emotional factors had been holding them back from making their most recent move. Stress over not being financially prepared to make the move and the expectation that the moving process would be hard or stressful were the most commonly-cited factors. Nearly a quarter (23%) of recent movers say the concern that their move would cause stress for their child(ren) held them back from making their most recent move. Nearly half of all recent movers say they experienced stress (55%) and anxiety (48%) during their most recent move.Many recent movers say starting a new chapter in their life was among the most rewarding parts of moving to a new home, as 59% said positive life events happened after their most recent move, most commonly citing that they fulfilled a dream or became passionate about something new. Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago COVID-19 Jeff Tucker migration Moving pandemic Zillow 2021-04-06 Eric C. Peck Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: New Bankruptcies Hit 1-Year High in March Next: Court Clarifies Evidentiary Requirements for Foreclosure Filings Subscribelast_img read more

Donegal has the country’s third worst record in home safety inspections

first_imgNews Donegal has the country’s third worst record in home safety inspections RELATED ARTICLESMORE FROM AUTHOR Three factors driving Donegal housing market – Robinson WhatsApp LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton It’s reported that eight out of 10 new homes are never inspected by local authorities for fire hazards and structural defects, with even less happening in Donegal.The Irish Independent says that’s despite the fallout from the Priory Hall controversy in Dublin.Local authority inspectors are supposed to carry out random checks on new buildings.However, a report comparing the performance of each local authority, seen by the newspaper, found that not one house or apartment was inspected in Co Galway or in North Tipperary in 2011.Donegal is the third worst performing county according to the paper’s figures, with an inspection rate of 8%, compared to a national average of 22%. Facebook Guidelines for reopening of hospitality sector published Facebook NPHET ‘positive’ on easing restrictions – Donnelly Almost 10,000 appointments cancelled in Saolta Hospital Group this weekcenter_img Pinterest Twitter Previous articleDonegal schools urged to get involved with Relay for LifeNext articleLetterkenny Town Council will not recognise IBAL’s findings News Highland Twitter Google+ WhatsApp Pinterest By News Highland – April 23, 2013 Google+ Calls for maternity restrictions to be lifted at LUH last_img read more

Fermanagh PSNI uncover cannabis factory close to Donegal border

first_img Almost 10,000 appointments cancelled in Saolta Hospital Group this week Facebook By News Highland – May 6, 2012 Guidelines for reopening of hospitality sector published Pinterest Fermanagh PSNI uncover cannabis factory close to Donegal border Google+ Twitter Three factors driving Donegal housing market – Robinson Previous articleSearch continues for man who went into river in County DerryNext articleDoherty challenges Noonan to debate cost of Yes vote News Highland Newsx Adverts LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton center_img WhatsApp Police in Fermanagh have uncovered a suspected cannabis factory close to the Donegal border.Around 130-thousand pounds – or 160-thousand euro – worth of cannabis was uncovered by officers when they carried out a search of a property in the Brollagh Road area of Garrison last evening.The PSNI is appealing for anyone with information on the factory to come forward. Google+ RELATED ARTICLESMORE FROM AUTHOR WhatsApp Facebook Calls for maternity restrictions to be lifted at LUH Pinterest Twitter Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margeylast_img read more

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