Sunday , 19 April 2015
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Housing Forecasts

HELOC Resets? No Worries!

noworries

Perhaps you’ve seen the headlines crafted to conjure up fearful memories of Alt-A and Option ARM loan defaults during the depths of the housing depression. Tidal wave of HELOC resets about to hit! HELOC Resets Will Undermine Any Housing Recovery. Boom-Era HELOC Resets Raise Concerns. Not to worry.  Home Equity Line of Credit (HELOC) resets are not going to cripple the housing ... Read More »

Freddie Mac: Best Sales Season Since the Boom

crystal-ball-ljxmtsnc

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 »

Buyers Bail Just as Spring Arrives

boy and dpg

With the arrival of the first robins, families’ thoughts turn to buying a new home. Except maybe not this year, according to a new consumer survey by Fannie Mae. Consumer attitudes toward housing appear to have stalled somewhat amid a recent dip in confidence regarding personal finances and income growth, according to Fannie Mae’s March 2015 National Housing Survey™. Among ... Read More »

Figuring Out Florida

florida

From the dawn of the housing crash in 2006, Florida’s real estate economy has stood out from the rest of the nation, sometimes acting as a bellwether of things to come, like the explosion of small investors and foreign investors who put a floor under plunging values in 2009 and 2010. At other times, Florida has been a throwback to ... Read More »

Rents go Stratospheric in First Quarter

blastoff

Annual effective rent growth for apartments was the highest it has been in 3-1/2 years in the first quarter of 2015, according to early release numbers from Axiometrics. Annual effective rent growth of 4.9% during the first quarter of 2015 represented a 21-basis-point (bps) increase over the 4.7% recorded in the fourth quarter of 2014. The figure is the highest since ... Read More »

Lower Income Homeowners Face Negative Equity Forever

Budgeting burdens

  First came the news that last fall saw an uptick in negative equity.  Now Zillow has found that most low end homes, including those already underwater, are losing value, not gaining as one would expect with the tight supplies of entry-level properties.  Suddenly negative equity is no longer yesterday’s news.  Its a huge threat to the entry point for ... Read More »

Zillow Index Shows Access to Credit Halfway to Recovery

Young couple paying bills

Mortgage credit availability as measured by Zillow’s Mortgage Access Index  has risen steadily over the past two years to surpass a halfway point between the depths of 2011 and the peak of the boom in August 2004. The new metric (ZMAI) combines seven sources of data: credit score data, debt to income ratios, PMI availability, quotes on Zillow’s mortgage platform, ... Read More »

Is it Cold Feet or Just the Weather?

coldfeet

With the opening of the 2015 home selling season just a few weeks away, are sellers showing signs of getting cold feet?  Do many plan to sit out 2015 or are they just moving slowly because their toes are still numb from the latest winter wallop and all will be well with the first daffodils? Fannie Mae’s monthly National Housing ... Read More »

CoreLogic Kicks off 2015 in Style

fred astaire

CoreLogic reports shows that home prices nationwide increased 5.7 percent in January 2015 compared to January 2014. This change represents 35 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide increased by 1.1 percent in January 2015 compared to December 2014*.  Some 27 states and the District of Columbia are at or within 10 ... Read More »

Flips Flopped in 2014

tippin

Don’t tell the HGTV producers who find audiences for their endless stream of shows devoted to house flipping, but it’s looking like flipping is losing popularity. RealtyTrac® reports that last year flips fell to their lowest market share since 2011.  Some 136,269 U.S. single family homes were flipped in 2014, 5.4 percent of all single family home sales during the ... Read More »

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