Ishakis Finance Report Mortgage Broker Brooklyn
Loan Officer Yael Ishakis’s take on mortgage and finance news.
According to foreclosure-tracking firm RealtyTrac, October’s foreclosure filings rose 7 percent to 231,000 filings nationwide. Activity concentrated in just 4 states nationwide — California, Florida, Michigan and Illinois.
Nationwide, fewer homes are going under contract to sell.
Home builders continue to sell homes and work through inventory.
Since bottoming out in March of this year, the Case-Shiller Index is up nearly 4 percent.
According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized basis, September’s Existing Home Sales eased by 150,000 units, falling to 4.91 million units nationwide.
Wednesday, the Census Bureau released its September Housing Starts report. In it, the government said that national Housing Starts rose 15 percent in September as compared to August 2011, tallying 658,000 units on a seasonally-adjusted annualized basis.
Homebuilder confidence is rebounding sharply.
Foreclosure activity continues to slow throughout the United States.
The government is confirming what the private sector has already shown — home values are on the rise.
Despite the lowest mortgage rates of all-time, home buyers are slowing the pace at which they’re buying homes.