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Jumbo Loans Return
The National Association of Realtors stated homes worth between $750,000 and $1 million have increased over the last year by 38.7%. Large mortgage loans over $417,000, called jumbo loans, are directly associated with the growing luxury real estate market....
Foreclosure Rates Drop From Last Year
Foreclosure rates dropped in January to 61,000, down 14,000 from last year according to CoreLogic. Last January there were 1.5 million United States foreclosures in process. There are roughly 1.2 million foreclosures currently in process in the United States, 3...
Home Construction Starts Fuel Economic Growth
CNNMoney surveyed a large group of economists and over half agreed that the housing market is fueling the economy this year and promoting further growth. Keith Hembre, Chief economist at Nuveen Asset Management, a company offering institutional investment expertise...
Home-Price Index Shows Largest Gain Since 2006
National home prices experienced the largest increase since 2006 at the end of last year according to the S&P Dow Jones. The Case-Shiller and S&P Dow price-index showed home prices climb 5.9% last year in their 10-city index, while the 20-city index showed an...
December Home Prices Jump 5.8%
According to the latest home-price index from Lender Processing Services, home prices on average increased to $207,000 in December 2012, a 5.8% jump from the previous year. The Lender Processing Services survey included 16,000 U.S. zip codes. The company also learned...
Positive Home Equity Rates Expected To Grow
More homeowners are building home equity according to a new report from Zillow. A decreasing number of homeowners owe more than their homes are worth this year, and the numbers are expected to drop even lower throughout 2013. Last year almost 2-million homeowners...
Homebuyers Increase Demand
Existing home sales in January increased 0.4% from last month and 9.1% from last year. The number of available homes dropped 4.9% from December and experienced a significant decrease from last year at 25.3%. Homebuyers have caused the lowest supply of housing...
Single-Family Housing Units Soar
Future home-building permits have increased to a 4 1/2 year high and single-family units have soared to the highest level seen since the middle of 2008. In comparison, multi-family unit housing has started the month of January slightly sluggish according to the...
Housing Market Holds Bright Future
According to the United States 2nd-best performing home-building supply company, Brookfield Residential Properties Inc, America is just at the beginning of the housing market recovery, making way for a positive future. Interest rates remain low, and home-building...
Foreclosure Rates Down 28% From Last Year
Experts are expecting foreclosure rates to continue to dwindle down and eventually reach a point where they will no longer be a threat to the recovering economy. Foreclosure rates have dropped over the previous two years, and new foreclosure rates have decreased 28%...