Home prices are rising at double digit rates. Inventories are at historic lows. Two out of five applicants for a purchase mortgage are rejected. Yet nearly three quarters of Americans say it's a good time to buy a home.
Continue reading...Monday, March 18, 2013
A nationwide panel of 118 economists, real estate experts and investment and market professionals expects home values to end 2013 up an average of 4.6 percent and rise cumulatively by 22 percent, on average, over the next five years, according to the first quarter Zillow Home Price Expectations Survey.
Continue reading...Tuesday, February 12, 2013
Two new Treasury Department mortgage regulations designed to reduce lender risk will make it impossible for 60 percent of the mortgages being approved today to be approved in seven years. The impact will be greater for mortgages used to buy homes rather than refinance and in the states where prices have been most volatile.
Continue reading...Monday, February 11, 2013
President Obama is considering announcing a major expansion of the HARP 2.1 refinancing program in his upcoming State of the Union speech that would make it possible for underwater borrowers whose loans are not held by Fannie Mae or Freddie Mac to refinance at today's low rates.
Continue reading...Thursday, February 7, 2013
The percentage of customers signing offers in January increased by 12 percentage points according to a leading brokerage and 23 percent of Americans think it is a good time to sell compared to 11 percent the same time last year, according to Fannie Mae's January 2013 National Housing Survey results.
Continue reading...Thursday, January 3, 2013
Despite falling delinquency rates among lenders as a whole, delinquencies increased for Fannie Mae and Freddie Mac borrowers, especially in Florida. Coincidentally, CoreLogic announced today Florida leads the nation in the size of its foreclosure inventory.
Continue reading...Wednesday, November 21, 2012
October 1, 2011 was a dark day in the nation's most expensive housing markets. That's the day higher loan limits expired and the sky was expected to fall.
Continue reading...Monday, November 5, 2012
Just as the national homeownership rate showed signs of stabilizing over the past six months (See Has the Homeownership Rate Bottomed Out?), Fannie Mae's Multifamily Research Group predicted today that the rate would fall another one to two points by 2015 despite the fact that the company, along with Freddie Mac, owns the mortgages for about half the single family homes in the nation.
Continue reading...Thursday, October 18, 2012
Fannie Mae’s economists expect total home sales to rise approximately 9 percent this year from last year’s depressed levels.
Continue reading...Wednesday, October 10, 2012
Last month the largest percentage of Americans since the housing bust said they believe it's a good time to sell house, according to the latest Fannie Mae National Housing Survey.
Continue reading...
Wednesday, May 8, 2013
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