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Theresa Springer’s Blog

Mortgage Credit Improves

According to the most recent report from the Mortgage Bankers Association, mortgage credit continues to improve. The mortgage credit availability index increased 0.44%, averaging 113.5 last month. Experts say that if the MCAI was tracked in 2007, the index would be approximately 800. Mortgage Bankers Association’s chief economist, Mike Fratantoni said, “for the third month ... MORE

Housing Market Demand Expected To Ease

New data from the Zillow Home Price Expectations Survey suggests that housing market demand will decrease over the coming years as large-scale investors run out of inventory. Experts expect the change to help first-time homebuyers and others looking for single-family rentals. Dr. Stan Humphries, Zillow’s Chief Economist said, “buyers entering the market in the next ... MORE

Existing Home Sales Improve

Existing home sales in the United States have jumped, reaching a 6 1/2 year high last month. Home Sales grew to an annual rate of 5.48 million units in August, a 1.7% increase according to the National Association of Realtors. Lawrence Yun, NAR chief economist said, “rising mortgage interest rates pushed more buyers to close ... MORE

Home Equity Spikes

According to CoreLogic’s second-quarter home equity report, an additional 2.5 million residential properties came out of the water during the second quarter. Data has stated that 41.5 million residential properties are now in a state of positive equity. Mark Fleming, Chief Economist at CoreLogic said, “equity rebuilding continued in the second quarter of this year ... MORE

Home Prices Rise While Construction Permits Fall

According to new information released by Trulia, booming markets that have seen the largest increase in home prices have also experienced the largest lag in construction activity. Home prices jumped 11.0% on an annual basis, and on a monthly basis, in August, home prices experienced a 1.2% increase. Although existing home prices are on the ... MORE

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