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86 DISTRICT OF COLUMBIA Tallying Foreclosure Prevention Actions Serious delinquency rates of loans at Fan- nie Mae and Freddie Mac saw a slight drop from 0.79 percent in September to 0.76 per- cent at the end of October according to the Federal Housing Finance Agency's (FHFA) latest Foreclosure Prevention Report for October 2018. However third party and fore- closure sales and foreclosure starts increased during the month compared to September 2018, the report revealed. While third-party and foreclosure sales increased from 3,705 in September to 4,416 in October 2018, foreclosure starts increased from 9,419 to 12,752 during the same period. e report found 633 short sales and deeds-in-lieu of foreclosure completed in October, showing a slight increase from September 2018. e report, which analyzes the foreclosure prevention actions taken by D.C.-based Fan- nie Mae and Freddie Mac (the enterprises) indicated that in October the enterprises completed a total of 15,272 foreclosure preven- tion actions, which was slightly more than the 15,042 actions completed by Fannie and Freddie in the previous month. Looking at historical data, the report said that together, the enterprises had completed more than 4.2 million foreclosure preventions since the start of their conservatorships in September 2008. Over half of these actions have been permanent loan modifications. Breaking down the foreclosure prevention figures, the FHFA said that Fannie Mae and Freddie Mac completed 10,484 loan mods in October, slightly lower than the 11,163 loan modifications completed in the previous month. Adding October's figures, the enter- prises have completed a total of more than 2.2 million loan modifications since their conservatorship began. FHFA also indicated that 28 percent of modifications in October were modifications with principal forbearance. On the other hand, modifications with extend-term only accounted for 64 percent of all loan modifica- tions during the month. During the period, the report found that a majority of delinquent loans, 343,270, were in the 30-59 days delinquent category. Loans that were 60-plus days delinquent stood at 305,101 a slight drop from 313,626 loans in September. FLORIDA A Housing Heat Wave Hits the South San Jose, California, has reclaimed the ti- tle of "hottest housing market" for the second year in a row, but it is beginning to face fierce competition from markets hailing from the South. Half of the markets listed in Zillow's hottest housing markets for 2019 are located in the South, and most are benefitting from growing tech sectors and high affordability. Raleigh, North Carolina, and Seattle, Washington, contenders last year didn't make it onto this year's list. "When it comes to the country's hottest housing markets, long-time leaders are hard to displace, but a number of up-and-comers are nipping at their heels. Silicon Valley's white-hot jobs market has propelled the region's housing market—which we expect to continue into the early months of 2019— but there are some signs that the trend is away from the West Coast and toward the South and Southeast," said Aaron Terrazas, Zillow senior economist. "Affordability is attractive—for both young professionals and booming businesses, earning markets like Orlando, Minneapolis, Dallas and Nashville top billing in 2019." Zillow's Top 10 List for 2019 includes: » San Jose, California » Orlando, Florida » Denver, Colorado » Atlanta, Georgia » Minneapolis, Minnesota » San Francisco, California » Dallas, Texas » Nashville, Tennessee » Jacksonville, Florida » San Diego, California Zillow observes the top metros in the United States, identifying those that are anticipated to have higher than average home value and rent appreciation in the coming year, income growth, a strong job market with low unemployment, and an increasing population. San Jose charted the highest home values at $1.25 million and is also expected to incur the highest home value appreciation this year with an anticipated 12.7 percent increase. Despite doubling in recent months, San Jose's housing inventory remains tight, according to Zillow. San Jose's job market is exceptional with the lowest unemployment rate of all major metros at 2.5 percent and with incomes ex- pected to grow 6.8 percent this year. However, San Jose "is doubtlessly facing headwinds," according to Zillow's report. Meanwhile, things are heating up in the South. Orlando, Florida, which claimed the No. 2 spot on Zillow's list of top markets for this year, experienced the largest population growth of the top metros with a 2.8 percent increase. Home values in Orlando stand at $233,700, well below San Jose's $1.25 million, and home values are expected to rise 6.3 per- cent this year—about half the appreciation expected in San Jose. In fact, San Jose was the only top market with home values above $1 million, though San Francisco was not far behind with home values at $963,000. e lowest median home value in the top 10 markets was $208,200 in Jacksonville, Florida. Zillow noted that "the impact of the tech industry on housing is also apparent on Zil- low's list," pointing out that Atlanta, Dallas, Denver, and Nashville all have growing tech industries and were finalists for Amazon's HQ2. Black Knight Launches New Analytics Platform Jacksonville, Florida-headquartered Black Knight, Inc. has announced the launch of its Rapid Analytics Platform (RAP), an interactive virtual analytics lab where users can source and upload data, execute que- ries, perform complex analytics, and train machine-learning models in a single work- space. A completely cloud-based platform for working with big data, RAP features an advanced workspace environment offering a mix of traditional analytics, machine learn- Florida Minority Certified Business MIAMI-DADE & BROWARD COUNTIES 786-499-6994 www.REOPitStop.com Luis@ContinentalRealtors.com RESNET ID: 106089 | Equator ID: 272261 Luis F. Guzman Broker/Owner

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