Real Estate Investing

July 22, 2013

Just Released: June Existing-Home Sales Slip but Prices Continue to Roll at Double-Digit Rates

Existing-home sales declined in June but have stayed well above year-ago levels for the past two years, while the median price shows seven straight months of double-digit year-over-year increases, according to information released Monday by the National Association of Realtors®.

Total existing-home sales, which are completed transactions that …

View More
July 21, 2013

5 Ways Home Loans are Becoming Easier to Get

The easy credit that crashed the housing market led to lending standards so strict that Federal Reserve Board Chairman Ben Bernanke blamed them for hurting the recovery.

In recent months, however, lenders have relaxed their grip somewhat as the market has rebounded and home prices have soared.

More …

View More
July 18, 2013

Mortgage Rates Cool Off

Freddie Mac recently released the results of its Primary Mortgage Market Survey(R) (PMMS®), showing average fixed mortgage rates easing along with market concerns over the Federal Reserve's bond purchase program.

The 30-year fixed-rate mortgage (FRM) averaged 4.37 percent with an average 0.7 point for the week ending July 18, …

View More
July 16, 2013

Home Builder Confidence Hits 7-Year High

Newly built, single family homes are on the rise, as builder confidence landed at a 7-year high this month, showcasing the highest sentiments since January of 2006.

Builder confidence rose six points to 57 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for July, released …

View More
July 15, 2013

Median Price of Homes Purchased Rose 2.3 Percent; FNC Index Marks Overall Increase 0.5% in May

Homeowners in the U.S. paid a median price of $110,000 for their homes, according to a 2011 American Housing Survey profile released recently. This is an increase of 2.3 percent from the $107,500 reported in the 2009 survey. The median purchase price of homes constructed in the past four years …

View More
July 15, 2013

Bye Bye, Buyer's Market: Tips for Working with Clients Who Can't Land a Home

It's official: the buyer's market is behind us. With the market improving, the real estate industry is abuzz with positive news every day. While increasing prices and multiple offers may be a dream for a seller, it may be a nightmare for a buyer.

"The latest Homes.com Local Market …

View More
July 14, 2013

Delinquencies Drop as Bad Boom Loans Fade Away

Fewer new problem loans, declining levels of negative equity and shrinking inventories of bad loans from the boom era have helped to reduce mortgage delinquencies by the largest year-to-date decline since 2002.

The May Mortgage Monitor report from Lender Processing Services found that the national delinquency rate continued to …

View More
July 11, 2013

Mortgage Rates Hit a 2-Year High

Mortgage rates rebounded following a better-than-expected jobs report, with the benchmark 30-year fixed mortgage rate rising to 4.66 percent, according to last week’s Bankrate.com national survey. The average 30-year fixed mortgage has an average of 0.28 discount and origination points.

The average 15-year fixed mortgage increased to 3.75 percent, …

View More
July 8, 2013

Consumer Mortgage Rate Expectations Spike

Potential homebuyers may enter the purchase market sooner rather than later as more Americans expect mortgage rates and home prices to climb, according to results from Fannie Mae’s June 2013 National Housing Survey.

The share of respondents who say mortgage rates will go up during the next 12 months …

View More
July 7, 2013

Research Addresses Real Estate Policy Issues

Contrary to a number of observations in the media, the millennial generation is not abandoning homeownership. It has simply been delayed. And, contrary to some reports, the suburbs are not drying up and blowing away from a lack of demand among younger homebuyers. They are changing to accommodate new preferences …

View More