With prices rising every week, lenders as strict as ever, inventories at decade-low levels, interest rates starting to rise and competition for homes breaking their hearts, more and more buyers are reaching their frustration limits.
Continue reading...Thursday, April 25, 2013
After accounting one out of four home sales in the depths of the housing recession and fueled turn-arounds in dozens of markets where waves of foreclosures and battered home values scared off other buyers, real estate investors today are playing a greatly diminished role in the housing recovery.
Continue reading...Thursday, March 21, 2013
The Federal Reserve's policy of buying mortgage-backed securities to keep mortgage rates low may be bolstering upper tier home values rather than helping to make homeownership more affordable for entry-level buyers.
Continue reading...Wednesday, March 20, 2013
Mortgage approval rates have risen nearly 20 percent over the past 12 months yet there is virtually no evidence that lenders are relaxing underwriting standards, according to the February originations report from Ellie Mae.
Continue reading...Monday, February 18, 2013
Once the hottest trend in real estate, single homebuyers find themselves trapped between soaring rents and stiff underwriting standards that make it tough for a single income-earner to qualify for mortgages that buy homes that will cost more tomorrow than they do today.
Continue reading...Monday, February 11, 2013
The rise in student loan debt is certainly a cause for concern, but may not be a significant a drag on young home buyers since the typical borrower has not seen a significant jump in the amount of debt incurred and seems to have a manageable monthly payment.
Continue reading...Thursday, January 17, 2013
Some 10.7 million homeowners, or 22 percent of all residential properties with a mortgage, were in negative equity at the end of the third quarter of 2012, down by 100,000 from the second quarter. But the "sand states", the states that dominated foreclosures for years, still account for a lion's share of underwater borrowers.
Continue reading...Friday, December 21, 2012
Distressed homes, foreclosures and short sales, which are sold at a discount and depress home values, have fallen to the lowest levels since 2009 and are still dropping, according to the latest November market reports. Fewer discounted distressed sales contribute to forecasts of improving prices in the new year.
Continue reading...Monday, December 17, 2012
Nearly three quarters of potential buyers believe home prices will increase in their neighborhood in the next twelve months, twice as many as in the first quarter.
Continue reading...Thursday, November 29, 2012
Seventy-five years ago, when America was emerging from the Depression and homeownership was less affordable, one out of four Americans lived in homes with grandparents and adult siblings. Today's housing depression has again forced generations to move in together, but as the housing recovery takes hold, many plan to stay together and revive the multigenerational lifestyle of the past.
Continue reading...
Saturday, May 25, 2013
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