Friday , 22 May 2015
Home » Housing Markets » Market Analysis

Market Analysis

Rising Rents are Backfiring

iStock_000008402504Medium

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 »

Millennials Beat Student Loan Debt in Three to Six Years

student

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 »

First April Report: Midwest Trails the Recovery

midwest 2

    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

frozen

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

trustme

  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 »

Take a Closer Look at the Spring Boomlet: It’s a Remarkable Start

Take a look

It’s official.  Early signs and forecasts of an extraordinary sales season are proving to be true.  NAR’s March existing home sales rocketed to their highest annual rate in 18 months. Total March sales increased 6.1 percent to a seasonally adjusted annual rate of 5.19 million in March from 4.89 million in February—the highest annual rate since September 2013 (also 5.19 ... Read More »

Wanted for Creating the Boom: Too Much Credit, Not Collateral

crazy-criminal_gg60204188

  Surplus credit created by the widespread securitization of mortgages and loser lending standards is the primary factor responsible for the housing boom ten years ago, not a loosening of collateral requirements for mortgages that are associated with higher initial loan-to-value (LTV) ratios, multiple mortgages on the same property, and expansive home equity lines of credit, according to a new ... Read More »

Homeowners’ High Prices Spawn Low Appraisals

low appraisal

  Quicken Loans reports appraiser opinions of home values fell further below homeowner opinions in March, according to the lender’s national Home Price Perception Index (HPPI). On a national scale, appraiser opinions are 0.40 percent lower than homeowner estimates. Home values also declined in March. The national Home Value Index (HVI) showed home values dipped 0.56 percent according to the ... Read More »

Check on Credit: The Belt is Slowly Easing

fatman

The availability of mortgage credit slightly improved in March, but not enough to make life measureably easier for first-time buyers getting ready to file mortgage applications for the spring buying season. Mortgage credit availability increased in March, the Mortgage Bankers Association’s monthly Mortgage Credit Availability Index found. Based on data from Ellie Mae, it showed a 2.3% basis increase to ... Read More »

Earn a 25% Commission Rebate on Any Home Purchase!

Hide