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Higher Prices Chill Buyers

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In the cold light of winter. concerns about affordability are cooling potential buyers, according to the latest Sentiment Index from Fannie Mae. Fevers consumers believe this is a “Good Time to Buy”; figures trended down for the year in 2015 and declined an additional 4 percentage points in January. The share of consumers who reported that their income was significantly ... Read More »

The Rent Trap Redux: Why Millennials Can’t Buy

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Though 2015 was dubbed the Year of the Millennial, though the final sales data are not yet in, actual purchases by young first-time buyers disappointed many real estate observers. Between July 2014 and June 2015. first–time buyers declined to 32 percent (33 percent a year ago), which is the second–lowest share since the survey’s inception (1981) and the lowest since ... Read More »

Home Seller Equity Soars

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  They say that good things happen to those who wait. That’s certainly true for the millions of home owners who struggled through seven years of falling values and false-starting recoveries to see their equity return and resume an upward path. The latest evidence comes from NAR’s new 2015 Profile of Home Buyer and Sellers just released today.  The venerable ... Read More »

Is Clear Capital a Voice in the Wilderness or a Skunk at the Picnic?

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  With annualized sales and price appreciation reports blowing away the early forecasts for 2015 and putting smiles on the faces of professionals and real estate consumers alike, is there reason to worry that there’s a major downturn lurking around the corner? Clear Capital’s vice president of research and analytics Alex Villacorta, a fearless contrarian who called Florida’s investor-driven recovery ... Read More »

Millennials are Rays of Sunshine amid Clouds of Pessimism

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Remarkably negative findings from the 2015 How Housing Matters survey released this week by the MacArthur Foundation were punctuated by two critically important findings.  Attitudes on the value of housing as an excellent long term investment have flip-flopped and Millennials put a higher priority on the dream of homeownership than their elders. Though the survey found that  most Americans believe ... Read More »

Cut in FHA Premium Reportedly Encourages First-time Buyers

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The January reduction in FHA mortgage insurance premiums increased the first-time homebuyer share of April closings by three points, according to one survey of Realtors, while NAR’s Realtor Confidence Index said the first-timer market share has remained unchanged for months due to difficulties getting financing. The First-time homebuyer share rose to 37.6 percent of home purchases in April, up from ... Read More »

Freddie Mac: Best Sales Season Since the Boom

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Freddie Mac’s economists look for home sales this year to be the best since 2007 with mortgage rates low, purchase applications up and pending home sales on a positive upward trend, even though first quarter results were less than sterling. As a result, the GSE lowered its forecast for economic growth for 2015 from 2.8 to 2.6 percent and the ... Read More »

Cheerful Consumers Don’t let Ignorance Dampen Bliss

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Though unusually sunny on the coming housing market, a survey of real estate consumers by TD Bank found that they don’t know much about affordable mortgages, or buying a home. The survey found that 30 percent of Americans consider now to be a very good time to purchase a home, compared with just 20 percent in 2014, and 29 percent ... Read More »

Housing Costs Plunge for Owners, Soar for Renters

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  A much higher proportion of renters than homeowners are cost burdened by their housing expenses and the number is growing quickly due to rising rents and affordable home prices. Last year, 39.6 million households spent more than 30 percent of their income on housing, down from 40.9 million in 2012 and a peak of 42.7 million in 2010.  Still, ... Read More »

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