Buzz Feed

Inflation Steady with Growth in January

By Michael Neal The Bureau of Labor Statistics reported that a measure of inflation, its Consumer Price Index – Urban Consumer (CPI), rose by 2.1 percent over the past 12 months, similar to the 12-month rate of growth recorded in December. Meanwhile, core inflation, which excludes the more volatile energy and food prices, rose by 1.8 percent, also matching its …

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Owners and Appraisers Closer to Seeing Eye-to-Eye on Home Value Than at Any Time in the Past Two Years

By John Gorecki • Quicken Loans’ National HPPI shows appraised values 0.50% lower than homeowners estimated in December • Home values rose 0.65% nationally in December, with a 6.17% year-over-year increase, according to the Quicken Loans HVI DETROIT, January 9, 2018 – The views of homeowners, and those who appraise their properties, are continuing to move closer together. Home appraisals …

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Owner Perceptions of Home Values Rise as the Year Ends

By John Gorecki • Quicken Loans’ National HPPI shows appraised values 0.67% lower than homeowners estimated in November • Home values dropped 0.09% nationally in November, with a 4.24% year-over-year increase, according to the Quicken Loans HVI DETROIT, December 12, 2017 – Homeowners, on average, have a higher opinion of their home values than appraisers do. However, the gap between …

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Gap Between Home Appraisals and Owner Estimates Widens for Sixth Consecutive Month

By QLAdmin • Quicken Loans’ National HPPI shows appraised values were 1.93% lower than homeowners estimated in May • Home values rose 0.63% nationally in May, with a 4.92% year-over-year increase, according to the Quicken Loans HVI DETROIT, June 13, 2017 – Home values continue to lag owners’ expectations. Appraised values were an average of 1.93 percent lower than what …

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Appraisal Values Lag Homeowner Expectations, Quicken Loans Study Shows

By QLAdmin • Quicken Loans’ National HPPI shows appraised values were 1.90% lower than homeowners estimated in April • Home values rose 1.06% nationally in April, with a 5.08% year-over-year increase, according to the Quicken Loans HVI DETROIT, May 9, 2017 – Homeowner and appraiser views of home values are diverging more each month. In April, appraisals were an average …

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Fed Survey Confirms Broader Economic Improvement, But Concerns Exist

By Michael Neal Information provided by the Federal Reserve Board in its January 2018 release of the Senior Loan Officer Opinion Survey (SLOOS) indicates that lending standards on commercial and industrial (C&I) loans to large and medium-sized firms continue to ease on net. The continued easing in standards on C&I loans increase the stock of loans, which in turns fuels …

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Interest Rates Rise

By Michael Neal According to the Mortgage Interest Rate Survey produced by the Federal Housing Finance Agency, contract rates on 30-Year fixed rate mortgages ticked up one basis point in December 2017 to 4.01 percent. Information provided by Freddie Mac, a more commonly used series, showed a similar trend over the month of December with its contract rate on the …

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