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Existing-Home Sales Increase for First Time in Six Months

The National Association of Realtors is reporting that existing-home sales increased in October for the first time in six months.  According to data, there were 5.22 million completed transactions in October with a median price (for all housing types) of $ 255,400.  In addition there were 1.85 million...
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Foreclosure Starts Increase as Storm-Related Cases are Filed

In Black Knight’s “First Look” for March, 2018 they report that as 2017’s hurricane impact shifts away from delinquencies, foreclosure starts rose by nearly 12%  – mostly in the hurricane-impacted areas of Florida & Texas.  However, overall, active foreclosure inventory continues to shrink, falling by 10k loans in...
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Mortgage Bankers See Increase in Originations

The Mortgage Bankers Association predicts that it expects to see $ 1.10 trillion in purchase mortgage originations during 2017, an 11% increase from 2016.  On the flip side, the MBA says that refinance originations will decrease by 40%.  They attribute this to strong household formation, job growth, rising...
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