Home / Media / Webcast: Stagnant Growth in Q1, Fannie Mae Book of Business Declines
Print This Post Print This Post

Webcast: Stagnant Growth in Q1, Fannie Mae Book of Business Declines

Clear Capital recently released its home data index market report, which found that quarterly rates of growth for the nation remain largely unchanged from the previous quarter. Nationally, housing markets experienced a point-9 percent growth quarter over quarter. The largest gains of growth were out west, which experienced a 1-point 8 percent increase sequentially. The South was next at point-8 percent, followed by the Midwest and northwest, growing point-7 and point-6 percent, respectively.

The company also found that the best home values now reside in the middle tier, which are classified as homes selling between 95,000 dollars and 310,000 dollars. While low-tier price sectors are 21-point 5 percent off of peak values, middle tier homes are 30-point 6 percent off of peak values, creating the highest value of the three tiers. The company projects that price growth should stabilize throughout 2014, which should boost consumer confidence and purchase activity.

Fannie Mae’s book of business declined for the first three month of this year, ending the first quarter with a monthly compound annualized rate of negative 1-point 8 percent. Over the first quarter, the GSE’s book of business declined at a compound annualized rate of 2-point 2 percent. The last time Fannie Mae’s book increased in size was in November, when it grew point-1 percent on a compound annualized basis. Fannie’s gross mortgage portfolio has also declined over the first three months of the year.

About Author: DSNews

x

Check Also

How AI Will Transform the Mortgage Industry

A panel of experts discussed how the rise and adoption of AI will help tackle some of the biggest challenges faced by the industry at MReport’s “Intelligent Lending: The Rise of AI” webinar. Here’s what they had to say.

GET YOUR DAILY DOSE OF DS NEWS

Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.