OK, maybe not all of them, because it does really seem that there’s a new entrant every day. Nevertheless, MarketWatch, with the help of Zillow, has put together a photo gallery and summary of at least 15 of them. Highlights include the Clinton’s four-bedroom, six-bathroom house in D.C., estimated at a current market value of $5.76 million, and Jeb Bush’s flat, valued at only $1.1 million — which seems a little low for a Bush residence to us. We’ll leave it to your imagination who has the largest current mortgage.

Higher home prices are making house flipping harder and riskier but more lucrative. Flipping, which is generally defined as buying and selling a home in the same calendar year, is actually down slightly this year, but year-over-year, it’s been fifty percent more profitable. Home flips made up just 4.5% of sales in the second quarter this year, according to RealtyTrac, down from 4.9 percent a year ago. Flipping returns (the gross return on investment), however, increased to nearly 36 percent, up from 24 percent one year ago. 

The Mortgage Credit Availability Index (MCAI) tracks whether lending standards are tightening or loosening, and is benchmarked against 100 for March, 2012. For July, it hit 125.5, up 2.9% from May, and continuing an almost uniformly upward trend since that original benchmark to hit a new high. The MCAI is a composite of four sub-indeces: conventional, jumbo, government, and conforming. Conventional and jumbo saw the most loosening, up 5.2% and 4.7%, respectively. More details and explanation are available at the World Property Journal.

Over the past few months, this blog has reported a few times on the Consumer Financial Protection Bureau’s (CFPB) eClosing project. Yesterday, they released their first report on the project, and have concluded that electronic mortgage closings can benefit consumers. Specifically, they lead to better consumer understanding, a more efficient process, and a greater feeling of empowerment amongst consumers. There can be little doubt about these things, although there’s opportunity for problems — if people are overwhelmed with paperwork now, are they even going to read it when it’s electronic?

New statistics were out a few days ago, and have since been all over the news: U.S. homeownership is at a 48 year low. As of Q2 this year, it’s the lowest it’s been since 1967, and is approaching historic lows. The Knowledge@Wharton radio show recently featured Wharton adjunct real estate professor Sam Chandan discussing trends in U.S. homeownership and rental markets. Curiously, they start off from the perspective of “a continuing tight market for mortgages,” which seems in direct contrast to the reality of today’s mortgage market.

This blog just reported yesterday on the high non-mortgage debt that most Americans are carrying these days, seemingly led by auto-related debt. But while that may be true, it doesn’t seem to be keeping all of you from making your payments, which is great news for everyone! The 30-day mortgage delinquency rate fell to 4.82% in June, down 2.9% from May and 15.5% from a year earlier. Not only that, but foreclosure starts were also down: 3.5% month-over-month, and 10.5% year-over-year. All statistics from Mortgage Servicing News.

Non-mortgage debt is at the highest level in nearly a decade, and 81% of the increase over the last four years has come from auto-related debt. Now, don’t misunderstand, there’s nothing wrong with a new car. But, as you make purchases, keep in mind that your overall debt level (or, more specifically, your monthly out-of-pocket expense for the non-mortgage debt you’re carrying) can impact how much mortgage you can afford. So, if you’re thinking about buying a new home, think extra carefully before you take on any additional debt.

There are (at least) two sides to every transaction. Normally, this blog covers buying homes, but if you’re buying one, you may be looking to sell one, too. And if so, you probably want to get the best price. U.S. News & World Report just published a list of 9 things that can detract from your selling price. Unfortunately, some of them, like location, are not things you can change. But many of them are. So, if you’re looking to sell a house, it’s worth checking out the list, and modifying the things you can, in order to maximize your price.

First things first: two forms instead of four. The old Good Faith Estimate, HUD-1 Settlement Statement, and two Truth-in-Lending disclosures are being replaced by a Loan Estimate and a Closing Disclosure, effective October 3rd. Even better, the forms are both standard, and part of every mortgage transaction, so it becomes much easier to compare apples to apples. U.S. News & World Report goes into a lot more detail including impacts on the industry, potential effects on closing time, and some things that you’ll get to see for the first time ever.

This blog is mostly about all things home related — from mortgages, to the housing market, to ways to keep your property in shape. But let’s face it: it’s summer! “And so with the sunshine and the great bursts of leaves growing on the trees, just as things grow in fast movies, I had that familiar conviction that life was beginning over again with the summer.” F. Scott was right, life is beginning again. And in case you’re sitting here, already a third of the way in, without a proper plan for escape, here are 15 Summer Destinations That Will Make You Forget All About Home.