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Fannie Mae Dividend Payments to Exceed Treasury Draws

Fannie Mae released its Comprehensive Income Statement for the fourth quarter of 2013, noting a quarterly net income of $6.5 billion. It was the eighth consecutive quarterly profit for the government-sponsored enterprise (GSE), resulting in a large dividend payment to the U.S. Department of the Treasury.

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Fewer Prospective Homeowners to Clash Over Homes

Low inventory and rising prices are thwarting demand in the housing market as overall home competition is down from last January. Numbers showing competition between buyers in January, 2014, are up, but yearly overall competition for 2014 is expected to dwindle as rising prices prevent many home shoppers from feeling that they are “getting a deal,” according to Redfin.

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House Payments Rise; Should Homebuyers Consider Renting?

RealtyTrac released a housing affordability analysis, noting an average 21 percent increase in monthly house payments from a year ago. The report showed that house payments in all counties purchased in the fourth quarter of 2013 rose to $865, based on a 30-year fixed rate mortgage with an interest rate of 4.46 percent and a 20 percent down payment.

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Increased Inventory Slows Home Value Growth

In a report released by Zillow, national home values rose just .2 percent in January from December. Inventory rose in 22 of the nation’s 35 largest metros, and home values are expected to rise another 3.4 percent in the next 12 months. The Zillow Home Value Index notes that January's figure of $169,600 is the smallest monthly increase since May, 2012.

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January Storms Push Home Sales Down

Short Sales

According to the RE/MAX National Housing Report for January, freezing weather mixed with winter storms helped depress home sales, down 26.9 percent over the month. The weather caused delays in appraisals and closings. Year-to-year figures from 2013 also showed a downward yearly trend continuing through January, 2014.

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Cold Weather Shakes Builder Confidence

Cold weather across the nation caused more than long commutes and cancelled school. How did the frigid temperatures affect homebuilder confidence? A new report from the National Association of Home Builders noted a few key metrics about new home construction this month.

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