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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 »

Application Frustration Drives Away First-timers

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Lack of understanding, inexperience and uncertainty about the process of applying for a mortgage is keeping large numbers of potential homebuyers out of homes because lenders often fall short in providing advice and guidance. Some 58 percent of prospective home buyers in a recent J D Powers surrey were first-time home buyers. Lack of experience among these customers and uncertainty ... Read More »

Millions of New Households Await Better Times

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  Stagnant incomes and rising rents have left the nation with an unprecedented number of doubled-up households as people moved in together to make ends meet. All those roommates have changed the American housing landscape, with 5.4 million households that would exist under normal conditions instead lost in guestrooms and basements, sharing space with friends, family and roommates, waiting for ... Read More »

Millennials on Verge of Home Buying Explosion

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Despite reports that oppressive student debt or a desire to a desire to keep renting will keep homeownership rates for twenty and thirty-somethings at record lows, millions of them are waiting on a slightly fatter paycheck to begin the process of buying a first home, according to a new national study. An increase of 15 percent or less in annual ... Read More »

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