Wednesday , 24 August 2016
Home » Author Archives: Steve Cook

Author Archives: Steve Cook

Retirees Still Still Struggle with Mortgage Payments

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A new Freddie Mac study of older Americans over 55 finds that more than a third still have a mortgage—36 percent–, and a majority of those with a mortgage have more than ten years left until their loan is paid off.  In many ways , the Freddie Mac survey that was released last month, “Fun After Fifty”,  found that the ... Read More »

Major Market Rents Decline as Apartment Construction Boom Arrives

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Apartment rental rates are declining so much in several of the nation’s hottest major real estate markets that the national annual effective rent growth rate fell to 3.1 percent in July, which recorded the lowest rate since 2.8 percent in July 2014, according to the latest report from Axiometrics. Leading the declines were: Houston, whose -2.2% annual effective rent growth ... Read More »

Are Homeowners Selling More Frequently?

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  Prior to the Great Recession and home-price crash, the typical length of ownership had been fairly stable, but after 2008 the length of time that owners have kept their home lengthened. And the trend is consistent whether looking at how long recent sellers had owned their home, or looking at how long current homeowners have been in their home. ... Read More »

Housing Experts Foresee Migration to the Midwest

Okies

Job growth and better housing values in America’s heartland will reverse the movement of families to the coasts in recent years and generate population growth in Midwestern markets which have declinded in recent years. Over half of experts surveyed in the latest quarterly Zillow Home Price Expectations (ZHPE) Survey said they don’t expect migration to the coasts to continue indefinitely. ... Read More »

Mortgage Fees Rise Slowly

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Despite the increased costs of complying with new disclosure rules that took effect October requiring lenders to provide estimates for closing costs at the time borrowers apply, fees charged by lenders rose less than 2 percent last year. Mortgage fees went up only slightly this year, an exclusive Bankrate.com survey finds, even as lenders complain that new federal regulations have ... Read More »

Voters Split on Housing Issues

Romney Accepts Party Nomination At The Republican National Convention

The conventions are over and both nominees have laid out their agendas but neither has yet to capture the housing vote.   A new survey by the national Association of Home Builders taken July 22-24 during the Republican convention was evenly split on which presidential candidate would be best for housing. Thirty-eight percent of the respondents cited Hillary Clinton, 37 ... Read More »

Today’s Mortgage Borrowers Mean Business

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In the glory days of the housing boom, “pulse loans“ were popular.  (If you had a pulse, you could get a loan.)  Since those days, mortgage approval rates to buy a home have stayed roughly the same; in 2004, some 14.4 percent of purchase loan applications were turned down compared to 13.2 percent in 2014.[1] One might assume that access ... Read More »

Summer Sales Slow as 2016 Heads for ‘Moderation”

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The first analysis of June market data confirms forecasts that sales peaked in the first half of the year and will hold on to make 2016 a moderating, normalizing housing market like those preceding boom, at the turn of the Millennium. Clear Capital forecasted between sales growth at 1% to 3% in January and is sticking a with the same forecast, which ... Read More »

Apartment Demand Surged in Second Quarter

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  Demand for apartments surged during the second quarter, gaining momentum after a sluggish performance in the first three months of the year and outstripping new units completed during the quarter. The occupied apartment count across the nation’s 100 largest metros increased by 127,402 units in the secone quarter, topping 2015’s second quarter demand volume by 23 percent. Demand surpassed ... Read More »

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