Tag Archives: housing market

Housing Sentiment at New Survey High

Share of consumers say it’s a good time to sell – buyer sentiment weakens By Jeff Sorg, OnlineEd Blog (January 9, 2018) (WASHINGTON, DC) Fannie Mae – The Fannie Mae Home Purchase Sentiment Index® (HPSI) rose 3.7 points in January to 89.5, reversing the decrease seen last month and reaching a new all-time survey high. The increase can be attributed […]

Refinances Rise to 40% of Total Loans

Closing rates increased across the board with closing rates on all loans increasing from 70.9 percent to 71.2 percent By Jeff Sorg, OnlineEd Blog (January 18, 2018) (PLEASANTON, Calif.) Ellie Mae – The percentage of refinances rose to 40 percent of all closed loans, up 1 percent from the month prior according to the December Origination Insight Report from Ellie […]

For-Sale Homes Hitting the Market is Dropping at its Fastest Pace in Almost Four Years

The number of single-family home rentals has increased by 6.2 million since 2005, one of the reasons why inventory remains low By Jeff Sorg, OnlineEd Blog (June 26, 2017) Zillow® is reporting that the number of for-sale homes coming onto the market is dropping at its fastest pace in almost four years, according to their May […]

Portland Home Values Rise 15 Percent

San Francisco and San Jose are no longer among the top appreciating U.S. housing markets By Jeff Sorg, OnlineEd Blog (September 22, 2016) – U.S. home values are up 5 percent over the past year, to a Zillow Home Value Index (ZHVI) of $188,100, according to the August Zillow® Real Estate Market Reports. Home values have been growing […]

Homes are Flying Off the Market Faster Than Any Time Since 2010

 Homes are selling fast in spite of low supply By Jeff Sorg, OnlineEd Blog (July 22, 2016) Zillow –  Homes are selling an average of a week faster than they did a year ago, according to the June Zillow® Real Estate Market Reports. Tight inventory continues to be a major factor for home shoppers. The supply of […]

Zillow Launches Best Time to List Tool

New tool helps homeowners and brokers identify the optimal time to list a home for sale By Jeff Sorg, OnlineEd Blog (March 2, 2016) – A recent analysis by Zillow® discovers that, nationally, homes sold between May 1 through May 15 sell around 18.5 days faster and for 1 percent more than the average listing. “The housing market today is […]

Highlights From the REALTOR Confidence Index

November’s decline represented a 10.5 percent drop from October’s downwardly revised total of 5.32 million By Jeff Sorg, OnlineEd Blog (Janury, 5 2016) –  The REALTOR Confidence Index is released for November 2015. TRID, which became effective October 3, 2015, seems to be causing delayed closings, throwing a percentage of November sales into December. These are […]

Zillow: Lack of Affordable Options Will Drive First-Time Buyers Out to the Suburbs in 2016

Growth in home values will outpace incomes, especially for low-income Americans By Jeff Sorg, OnlineEd Blog (November 30, 2015) – Zillow is predicting that continued deteriorating housing affordability will drive 2016 housing trends. Among those predictions, a lack of affordable homes near city centers will push new and first-time homebuyers to suburbs that feel like walkable, […]

Residential Loan Originations Increase 17 % In Q1 From A Year Ago Despite 6 % Drop From Previous Quarter

IRVINE, Calif. – May 14, 2015 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, today released its Q1 2015 U.S. Residential Loan Origination Report, which shows that 1,551,865 loans were originated on single family homes and condos in the first quarter, down 6 percent from the previous quarter but up 17 percent from a […]