The share of consumers who plan to buy a home rose to 6.9 percent in December, up from 5 percent in November, according to a monthly economic outlook released today by Fannie Mae’s Economic & Strategic Research Group. Despite concerns about mortgage availability, Fannie Mae economists reported that consumer attitudes about the ease of getting a mortgage are at the…Read More »
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More consumers planning to buy as mortgage concerns ease
January 14th, 2014Time on Market
January 8th, 2014> Housing Trends > Time on Market > Proportion of Distressed Property Transactions > Homebuyer Participation Issue 01 / January 2014 Housing Trends Time on market for non-distressed properties remains low. There was a slight uptick in the distressed property share of sales in November. Investor participation increased for the…Read More »
The housing market is stronger and more sustainable than it was a year ago
January 7th, 2014The housing market is stronger and more sustainable than it was a year ago. It is worthwhile to review estimations for the 2014 calendar year: According to Lawrence Yun, chief economist at the National Association of Realtors, interest rates will climb to 5.4% by the end of 2014. However, Yun said that any buyer hesitation…Read More »
As home prices and interest rates rise, more home sales are cash deals
January 1st, 2014The proportion of all-cash home sales has doubled since May, making up 42 percent of all deals done in November, RealtyTrac reports — the largest proportion of cash sales since the data aggregator began tracking the stat nearly three years ago. RealtyTrac had previously reported that cash deals made up 45 percent of sales registered…Read More »
Existing-home sales post first annual decline in more than 2 years
December 20th, 2013Higher mortgage rates, constrained inventories and tight credit slowed the pace of existing-home sales for the third month in a row in November, producing the first annual decline in sales in more than two years, the National Association of Realtors (NAR) reported today. Existing-home sales dropped 4.3 percent from October to November, to a seasonally…Read More »
10 Things That Make a Home a Good Home
December 16th, 2013Buyers spend a lot of time looking at properties online, touring homes on the Sunday open house circuit, and talking to their real estate agent. They’re laser-focused on finding the best home that meets their needs. The problem is, buyers sometimes don’t take the long view of a property. They’re only looking at a home…Read More »
December Housing News
December 11th, 2013> Resilient Housing Market > Investor Participation Increases > New Website for REALTORS® > Reasons for Low Inventory / December 2013 Housing Market Shows Continued Resilience The housing market remained strong in October amid a seasonal easing of traffic, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. The sales-to-list price ratio for non-distressed…Read More »
CoreLogic data to power Urban Institute’s housing finance research
December 9th, 2013Real estate data and technology firm CoreLogic will help power the housing finance research conducted by Washington, D.C.-based think tank The Urban Institute through a strategic alliance announced today. The Urban Institute, a nonpartisan economic and social policy research organization, has recently formed the Housing Finance Policy Center, which is designed to provide evidence-based data and…Read More »
6 years later and we still can’t modify or refinance our mortgage
December 7th, 2013Your mortgage lender places you in a predatory loan and you ask for a simple loan modification to today’s rates. You pay your bills and have never defaulted on anything. Can you get the loan modification you’re seeking, or are you stuck? In part 1 of this series I outlined the situation that placed me…Read More »
New-home sales skyrocket in October
December 5th, 2013Purchases up 21.6 percent from year ago Sales of new single-family homes skyrocketed in October, ending a three-month slump that began in July and providing evidence that elevated mortgage rates have not seriously hobbled the housing recovery. New-home sales leaped 25.4 percent from September to October to a seasonally adjusted annual rate of 444,000, according to data…Read More »
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