Friday , 12 February 2016
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Is Bad Information Keeping Potential Buyers in Apartments?

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A new survey from Bankrate found that primary reason 29 percent of renters can’t buy a home is they can’t afford a down payment.  However, at least one out of five of them are overestimating how much they think they will have to raise for a down payment. The more than 3250 non-homeowners participating in the survey expect that they ... Read More »

Will Sellers Step up the Plate in 2016?

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Richard Paul Kane / Shutterstock.com

    “It is important to recognize that 2016 is shaping up to be the best year in recent memory to sell. Supply remains very tight, so inventory is moving faster. Given the forecast that price appreciation will slow in 2016 to a more normal rate of growth, delaying will not produce substantially higher values, and will also see higher ... Read More »

First-time Buyers Lose Again

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‘Closed loan credit scores continued tumble, while DTI rose in October’ promised the headline from Ellie Mae this month. Eagerly I scanned through the data, hoping at last to see a relaxation of the squeaky tight lending standards for purchase loans, enough to really mean something to the millions of young buyers trying to maneuver their way through student loan ... Read More »

Home Prices: The Tilting of America

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  The chart below from Case-Shiller’s release today of its July data says it all.  Prices now are shifting a lot on a monthly basis.  The range between appreciating and depreciating markets seems to be growing and no longer do the “sand” states, judicial foreclosure states or foreclosure states or cities with the best economies and most jobs. Rather, with ... Read More »

The Truth about Lending Standards

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  Perhaps you have heard that it’s getting easier to get approved for a mortgage to buy a home. Yet the first-time buyers you work with don’t seem to be doing any better than they did six, 12 or even 24 months ago. The news reports you’ve been reading are misleading.  They may accurately trends for refi mortgages or mortgages ... Read More »

Private Label Securitization—the Missing Link

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Without a return to a robust private label securitization market for pristine borrowers, securitization of riskier loans won’t occur and without a vehicle to finance them, origination of these loans to be fairly limited. That’s the conclusion of “The Rebirth of Securitization,” a white paper by the Urban Institute’s Laurie Goodman published September 10.  Just seven days later CoreLogic’s Faith ... Read More »

Home Prices: Old Peaks and New Pitfalls

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In July, the National Association of Realtors announced that by its calculations, the national median existing-home price for all housing types surpassed the record national median sales price of $230,400   set nine years ago. For many, reaching the price peak is a good reason to break out the bubbly and celebrate the official end of the housing recession.  It’s been ... Read More »

Where O Where Have all the Sellers Gone?

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Not so long ago, when prices were plummeting and foreclosures pumped up the inventory counts with discounted values, homeowners and real estate professionals would have welcomed one of the chronic problems plaguing markets today; inventories so low that they inflate prices and keep move up buyers in homes they want to leave. The question everyone is asking: “What’s happened to ... Read More »

The Dry Rot in America’s Housing Stock: A Sad Legacy of the Foreclosure Era

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  What would an influx of 3.8 million entry-level homes do for housing affordability? Limited inventory and strong demand continue to push home prices higher in America’s hottest housing markets, leading to declining affordability.  Forecasters are raising their predictions as tight inventories of homes, particularly lower priced properties, keep first-time buyers on the sidelines. Those 3.8 million homes, nearly twice ... Read More »

How the Rent Trap is Killing Off First-time Buyers

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This is the year when the stars are aligned perfectly for record numbers of tenants to tear up their leases and kiss the renting life good-bye. Historically low mortgage rates won’t last much longer.  Home prices will only rise. New three percent down programs from Fannie and Freddie sweeten the deal for new buyers.  FHA’s mortgage insurance premium cut makes ... Read More »

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