A new report from Capital Economics raises a case against Airbnb: vacancies. While foreclosures decreased since 2010, the same can’t be said for vacancies that are off the market. It seems that Airbnb may have a hand in that, here’s why. http://www.housingwire.com/articles/38184-a-case-of-vacant-homes-versus-airbnb ❤️ #share #mortgage
Borrowers continued to get better at paying their #mortgages as they move further into the year, with more people reported to be paying their #mortgage on time than last year. While the overall performance of #mortgages in this report remained relatively unchanged from the previous quarter, here’s how it changed since last year. http://www.housingwire.com/articles/38183-this-chart-proves-homeowners-are-getting-better-at-paying-their-mortgage ❤️ #share #mortgage
Consumers sentiment increased in September after preliminary results showed it to be flat from August. Most of the increase was centered on one part of the survey. Survey of Consumers’ chief economist explains the reason for the increase. http://www.housingwire.com/articles/38181-consumer-sentiment-sees-uptick-in-september ❤️ #share #mortgage
The trials that plagued the California housing market in 2016 aren’t expected to get too much better in 2017. The California Association of Realtors’ forecast for 2017 is out and some parts of it look very familiar. Once again, the real estate market is projected to face a major supply shortages and affordability constraints. http://www.housingwire.com/articles/38180-will-california-real-estate-experience-the-toughest-year-yet-in-2017 ❤️ #share #mortgage
CoreLogic’s latest report shows that REOs hit their lowest point since September 2007. In fact, all distressed sales continue to decline. At this rate, distressed sales are on course to hit pre-crisis levels by mid-2019. http://www.housingwire.com/articles/38179-corelogic-reos-hit-lowest-point-since-2007 ❤️ #share #mortgage
* Existing home inventory is down 10.1% from last year.
* A lack of inventory explains the modest increase in home sales (0.8% year-over-year) despite strong buyer demand.
* Existing home prices increased 5.1% year-over-year, which is directly related to the lack of inventory. http://www.simplifyingthemarket.com/en/2016/09/30/lack-of-existing-home-sales-inventory-impacting-sales-infographic/?a=242769-4eb2112ad1caac540e99a63dd199d5ed ❤️ #share #mortgage
After the financial crisis, the Detroit housing market started a long uphill climb to get back to a healthy, sustainable market, an achievement the city is still currently trying to reach. However, #lenders in the city are working to originate #mortgages that work around some of the toughest roadblocks in Detroit and provide a path to homeownership. Here’s how they’re doing it. http://www.housingwire.com/articles/38178-lenders-work-to-overcome-detroits-appraisal-gap-roadblock ❤️ #share #mortgage