Zillow expects conditions next year to be a bit friendlier to homebuyers—but that doesn’t mean we’ll necessarily see more owner-occupied housing, experts at the real estate marketplace say. Looking at ongoing trends, Zillow made four major predictions about the course of housing over 2014: rising home values (to the tune of 3 percent), interest rates surpassing 5 percent, easier access to mortgage credit as lenders refocus on the purchase market, and a drop in homeownership.
After shrinking for four consecutive months, Fannie Mae’s book of business grew at an annualized growth rate of 0.8 percent in October, according to Fannie Mae’s monthly volume summary. Despite the monthly increase, Fannie Mae’s book of business is still down over the year, registering an annualized growth rate of -0.9 percent through October. Fannie Mae’s gross mortgage portfolio decreased in October at an annualized rate of 23.6 percent, ending the month with a total balance of about $505 billion.
Interest rates rise in response to positive news in private employment, new home sales Read More
Mortgage Contracting Services (MCS), a nationwide provider of property preservation, inspections, and property maintenance to the financial services industry, named Robert Colbeck as chief technology officer. read more
CoreLogic's Home Price Index (HPI) report for October shows the national home price (including distressed sales) rising 0.2 percent from September. read more
With the federal government shutdown and debt ceiling negotiations still fresh in the nation's collective mind, Fannie Mae expects "continued market volatility" heading into the start of 2014. read more