DS News Webcast: Friday 2/21/2014

first_imgSign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: DSNews Previous: Fewer Prospective Homeowners to Clash Over Homes Next: Florida Men Sentenced for Defrauding Millions from Homeowners Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 2014-02-21 DSNews Is Rise in Forbearance Volume Cause for Concern? 2 days ago Related Articles in Featured, Media, Webcasts Demand Propels Home Prices Upward 2 days agocenter_img RealtyTrac released a yearly housing affordability analysis Thursday, noting an average 21% increase in monthly house payments. Average payments rose from $714 in the fourth quarter of 2012 to $865 in the fourth quarter of 2013. Rising interest rates are cited as a factor in the increased payments. Interest rates rose to 4.46% in 2013 from the 2012 rate of 3.35%. On average, the increase in rates caused a 10 percent rise in median prices.Despite rising interest rates, the report notes that buying a home is still cheaper than renting in 296 out of 325 counties. Counties with some of the biggest increases in estimated monthly house payments included Contra Costa and Sacramento counties in California, both up more than 50%, Wayne and Oakland counties in Michigan, both up more than 45%, and Clark County, Nevada, up 43%.On Thursday, Realtor.com released its National Housing Trend Report for January. Despite severe weather conditions, the report notes positive trends in the number of listings and median list prices of homes. The number of listings rose 3.1% from January 2013, and the median list price is up 8.3% to $195,000. The median age of inventory is unchanged at 115 days. More listings and steady inventory point to a more stable market in 2014 says the real estate website.  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago February 21, 2014 425 Views DS News Webcast: Friday 2/21/2014 Servicers Navigate the Post-Pandemic World 2 days ago Home / Featured / DS News Webcast: Friday 2/21/2014 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Subscribelast_img read more

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