Housing Market: ‘Silver Tsunami,’ or More Bidding Wars?
Seattle-based housing giants Zillow and Redfin take different approaches to market’s future, with Zillow predicting a “silver tsunami” as Baby Boomers get set to leave their homes, while Redfin sees constricted inventories presaging a return to bidding wars in many key markets.
Black Knight’s First Look: Strong Decline in October Mortgage Delinquencies; Refis Pushes Prepayments to Highest Level in 6 Years
Black Knight, Jacksonville, Fla., said its First Look Mortgage Monitor reported the national mortgage delinquency rate fell to 3.39% in October, a nearly 7% decline from the past year and within 0.03% of the record low set in May.
MBA Chart of the Week: Percent of Loans in Foreclosure
The third quarter results of MBA’s National Delinquency Survey, released last week showed improvements in delinquency and foreclosure measures.
