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DS News February 2019

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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THE BIG FINISH WRAP YOUR HEAD AROUND THE MARKET'S LEADING INDICATORS 96 COMPETITIVE EDGE The housing market has shown signs of cooling across the U.S. in 2019. However, some cities have remained competitive with buyers trying to outbid each other for properties. LendingTree recently ranked the top markets in the U.S. based on an average of the metro's rank in three categories that contributed to the competitiveness of homebuyers—share of buyers shopping for a mortgage before identifying the house they wanted, average down payment percentage, and percentage of buyers who had a good or excellent credit score. The average down payment percent in the top 10 of the 20 most competitive markets in the study was 16 percent—two points higher than that across all metros in the study. Additionally, 63 percent of buyers in these markets shopped around for a mortgage before settling on a house. Rank Metro Percent of buyers who shopped for a mortgage before settling on a house Percent of buyers with prime credit Average down payment percent 1 DENVER 67% 56% 16% 2 LOS ANGELES 64% 55% 17% 3 PORTLAND 65% 57% 15% 4 SAN FRANCISCO 62% 59% 17% 5 SAN JOSE 61% 65% 19% 6 ST. LOUIS 65% 54% 15% 7 LAS VEGAS 66% 52% 14% 8 SEATTLE 59% 65% 19% 9 SACRAMENTO 65% 50% 15% 10 BOSTON 60% 57% 16% 11 MINNEAPOLIS 63% 58% 14% 12 PHOENIX 64% 48% 15% 13 MILWAUKEE 63% 52% 14% 14 SAN ANTONIO 63% 55% 14% 15 NEW YORK 55% 58% 17% 16 AUSTIN 59% 54% 16% 17 MIAMI 60% 49% 16% 18 NASHVILLE 62% 50% 14% 19 WASHINGTON 59% 58% 14% 20 RALEIGH 59% 53% 14% Source: "LendingTree Ranks Most Competitive Housing Markets"

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