Pending home sales rebound to highest level in a year

Pending home sales rebounded from January’s decrease, hitting the highest level in almost a year and the second-highest level in a decade. NAR’s chief economist commented that buyers came back in force last month as a modest, seasonal uptick in listings was enough to fuel an increase in contract signings throughout the country.
Source: Housing Wire

Lending to Hispanics – a whole new ballgame

When it comes to lending to Hispanics – non-Hispanic lenders are out of their league as they struggle to serve a community they don’t understand. From dealing with a credit-invisible population to navigating the diverse family demographics, Hispanics don’t fit the usual mold for mortgage lending.
Source: Housing Wire

Case-Shiller reaction: What to make of record high home prices

The latest S&P CoreLogic Case-Shiller Indices showed that home prices hit a 31-month high in January, but will those record prices be a speed bump or a brick wall for home buying moving forward? Opinions appear to be a bit mixed in that regard, with some analysts viewing January’s data as a significant drawback for certain segments of the home-buying market, while others say the rising prices aren’t a concern, yet.
Source: Housing Wire

ATTOM launches new housing marketing product

ATTOM Data Solutions today announced a new marketing product that will identify properties with a high likelihood of selling within 30 days. The database performed several tests on its new product to see how indicative the leads were of closed sales transactions. Here’s what the studies found.
Source: Housing Wire

Trulia: Housing inventory tumbles to all-new low

Housing inventory decreased in the first quarter of 2017, hitting an all-new low. But while inventory for starter and trade-up homes is shrinking, premium home inventory is increasing. Trulia explains the reasons for the dwindling inventory, and the new threat rising home prices impose.
Source: Housing Wire