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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 »

Rising Rents are Backfiring

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A new survey by Freddie Mac finds that soaring rents are not turning renters into homeowners, but actually delaying homeownership for many. Of those who experienced a rent increase in the past two years, 70 percent would like to buy a home but cannot afford to at this point. Half (51 percent) said that they now have to put off ... Read More »

Too Many Listings, Too Much Time

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A new study scheduled to be published by the Journal of Housing Economics found that agents who take on too many listings sell them for about 3 percent less and it takes 129 percent longer to sell than agents with modest listing inventories. The study looked at whether agents have an incentive to take on too many listings—at least from ... Read More »

Millennials Beat Student Loan Debt in Three to Six Years

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Consumers ages 18-29 with a student loan in repayment generally are able to gain access to new loans and perform as well or better on those new loans as similarly aged consumers without student loans, according to a new study by TransUnion.  . Furthermore, the study found that in only three to six years, student-loan consumers in their 20s have ... Read More »

Flippers Profit on Rising Values and Slim Inventories

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he average gross profit — the difference between the purchase price and the flipped price — for completed flips in the first quarter was $72,450, up from $65,290 in the previous quarter and up from $61,684 in the first quarter of 2014 to the highest level going back to the first quarter of 2011, the earliest where data is available, ... Read More »

First April Report: Midwest Trails the Recovery

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    The Midwest is disappointing forecasters who called for a strong recovery this year–through April the region remains volatile, according to Clear Capital’s take on April market data.  At the end of the first quarter, the Midwest is already seeing negative quarterly declines of -0.10%. For nearly seven years, it has struggled to get on equal footing with the ... Read More »

Negative Equity Freezes Lowest Tier Owners

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One reason inventories for first-time buyers are chronically depleted is that lower priced homes continue to bear a more of the brunt of negative equity that those priced higher. A new report from Black Knight found that in March the number of underwater borrowers decreased by 1.6 million from this time last year and that the negative equity population has ... Read More »

Homeowners vs Investors: The Devil is in the Details

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  Vacation Home Sales Soar to Record High in 2014, Investment Purchases Fall or Homes Sold to Owner-Occupants Drops to New Low in First Quarter, Smaller Investors Picking Up Slack Time for a quiz.  Which headline do YOU think is right?  The first, the second, both or neither? The right answer is that you should never believe a real estate ... Read More »

Homeownership Falls Farthest among Middle Aged Adults

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Homeownership has fallen farther and faster among adults in the middle age bracket than among younger Millennials whose attitudes towards homeownership have been the focus of attention among housing professionals, according to the newest Census data.  Though only about 34.6 percent of adults under 35 own a home, the percentage of those in the 35-44 year old bracket who own ... Read More »

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