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Tag Archives: Home Prices

Bay State Home Sales Hit Four-Year High in June

The residential real estate market in Massachusetts seems to be on the mend. According to a recent report by the Warren Group, a provider of real estate data in New England, the Bay State saw year-over-year increases in both sales and prices of single-family homes and condos in June and in the second quarter.

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Home Prices Post May Gains, but S&P Sees No Sustained Recovery

Home prices in the United States rose in May on both a month-over-month and year-over-year basis, Standard & Poor's reported Tuesday. The S&P/Case Shiller 20-city home price composite increased 1.2 percent between April and May and 4.6 compared to a year ago. The gains posted in the latest installment of the closely watched index were much larger than the market expected, but analysts warn that the plus-signs are only making a temporary showing, reflecting a strong spring selling season and the residual effects of the homebuyer tax credit.

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Study: Multiple Credit Relationships Lead to Fewer Delinquencies

A new study developed by TransUnion finds that consumers with multiple account relationships with the same lender outperform consumers who maintain only one relationship with that lender, with the biggest improvements in delinquencies seen among mortgages. The study found that borrowers whose only credit relationship with their lender was for their mortgage had a 30-day or worse delinquency rate of 4.8 percent. However, this delinquency level dropped to 4 percent if the borrower had two relationships with the lender, and that rate fell even further with each additional relationship.

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New York Fed: Lax Lending Not to Blame

A recent study published by the New York Federal Reserve says that lax lending standards were not the air that inflated the market’s latest housing bubble and propelled the nation into an economic tailspin.

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Wolters Kluwer Consultants Earn CRCM Designation

Minneapolis-based Wolters Kluwer Financial Services recently announced that two members of its compliance management services team have earned the prestigious Certified Regulatory Compliance Manager (CRCM) designation from the American Bankers Association’s (ABA’s) Institute of Certified Bankers (ICB).

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