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Housing Report Reveals Home Sales are Up for Spring

The April 2015 RE/MAX National Housing Report that surveyed 53 metro areas, revealed that home sales were up by 7 percent from the previous month and 6.5 percent above the mark set in April 2014. Home sales in April were higher than any other April since the report began in 2008.

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Consumer Sentiment Shows Dramatic Drop

Consumer sentiment dropped substantially in the first May reading in the University of Michigan'sConsumer Sentiment Index, from 95.9 in April down to 88.6, its lowest level since October of last year.

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Freddie Mac Finds Rising Rents are Not Pushing Homeownership

New Freddie Mac research reveals that despite rising rents, the majority of renters are not motivated to purchase a home and positive perceptions about renting are increasing. Harris Poll was selected by Freddie Mac to conduct the survey of more than 2,000 U.S. adults online in March 2015 to get their renting viewpoints.

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VRM Mortgage Services Honored by DiversityBusiness

VRM Mortgage Services (VRM) was recently named to DiversityBusiness’ 15th annual “Top Businesses in America” list and received multiple awards as an African American, diversity-owned and privately held business. According to a recent DiversityBusiness press release this is the second year in a row VRM has received such honors.

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Builder Confidence Down for May

Builder confidence for consumers looking to purchase newly built, single-family homes dropped two points to a level of 54 in May according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today. Although confidence fell two point this month, this is an increase of nine points from May 2014.

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Mortgage Analysis Says Borrowing Less Costs More

Zillow released a mortgage analysis of loan requests and quotes finding that borrowers with loans of $100,000 pay 10 percent more for every dollar borrowed due to higher interest rates and fees compared to borrowers with $400,000 home loans. Furthermore, borrowers with small loans tend to have trouble finding lenders to lend to them.

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Survey Shows Applications for New Home Purchases are Up

application

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) results showed mortgage applications for new home purchases increased by 0.3 percent compared to last month for April 2015. No adjustments for typical seasonal patterns were included in this data.

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Investor Survey Finds Positive Market Activity

Visio Financial Services, a residential real estate marketplace lender in the U.S., revealed the results of its Annual Residential Real Estate Investor Report today. The report found that investors are expanding their property searches, buying in higher price bands, and broadening their strategies in 2015.

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Index Shows Housing Affordability Up for Q1

The National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released the results of their index today, noting that housing affordability nationwide received a boost for Q1 2015 due to low home prices and interest rates.

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