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DS News Webcast: Wednesday 7/27/2016

As summer continues to heat up so do the nation’s top single-family housing markets, each demonstrating consistently strong demand, home price appreciation, and economic and demographic growth, according to a recent report from Ten-X.

The report lists the 50 largest housing markets based on their current and forecasted housing fundamentals and from that list, Palm Beach County, Orlando, Tampa, Fort Lauderdale, and Seattle make up the top five markets. Florida claims four out of five of these markets despite the fact that it was one of the states severely exposed to the housing bust. Seattle market highs are attributed to the tech-driven gains of the Pacific Northwest.

Despite June’s increase, first-time foreclosure starts in Q2 of 2016 were at their lowest level in over 16 years, according to a report conducted by Black Knight Financial Services. The report, The First Look at June 2016 Mortgage Data, showed foreclosure starts increased for second consecutive Month while the monthly prepay rate rose on historically low rates. The total U.S. foreclosure starts numbered 69,300 for June with an increase of 11 point 59 percent month-over-month change.

About Author: Brian Honea

Brian Honea's writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master's degree from Amberton University in Garland.
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