Blog
15-Year Mortgage Loans Are Up 10%
Low mortgages have borrowers cutting their mortgage loan time in half. Approximately 16% of the fixed-rate mortgages sold to Freddie Mac in the third quarter were 15-year loans, as opposed to the standard 30 year mortgage loans. This percentage is up almost 10%...
Millennials Stay Positive About Home Ownership
72% of millennials, ages 18- 34 show interest in becoming a homeowner, according to a survey conducted by Trulia, a real-estate website. 93% of the population plan to live out the American dream by becoming a homeowner if not one already. Millennials have not been...
Foreclosure Rates At A Six Year Low
Repossessions in the United States jumped to a nine-month high last month, even with foreclosures at their lowest in six years. Foreclosure starts dropped to 77,494 in November, a 13% fall from October's foreclosure starts and a 28% decrease from November 2011. This...
Survey Shows Economy Confidence Still High For 2012
According to Gallup's U.S. Economic Confidence Index, a survey established to interview more than 3,000 Americans each week, shows that confidence in the economy is now at the lowest percentage since the presidential election. While confidence has dropped 12 % from...
Rise In Rental Demand Expected To Grow
The latest December MarketPulse report shows, over the last year rental income on residential properties increased to 12%. CoreLogic researchers are acknowledging the massive improvement in real estate over the recent months saying "The real estate cycle is now...
A Positive 2013 Housing Market Predicted
Predictions for the 2013 housing market seem to hold positive trends. Property values are expected to increase by 2-3%, according to Freddie Mac. The market is also predicted to see more households, with household formation likely to grow from a net 1.20 million...
Confidence In Housing Market Grows
The Fannie Mae National Housing Survey, conducted in November, showed that many of American attitudes are turning around. Surveys found that people are now expressing more confidence toward the housing market. 51% of survey participants said that it would now be...
Improving Housing Markets Stretch To Many Metropolitan Cities
Parameters established by the National Association of Home Builders/First American Improving Markets Index (IMI) states the housing market is considered to be improving. Many metropolitan areas are being restored, and the improved housing market in metros have...
Mortgage Applications Continue To Increase
According to recent data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, mortgage applications increased by 4.5% from the previous week. Also, the refinance share of mortgage activity grew to 83% opposed to last week's 81%. The...
Foreclosure Starts Decreasing
According to Lender Processing Services, foreclosure starts in October dropped to 21.9%. In 2011, October starts dropped even lower to 47.8%. The Lender Processing Services gives warning not to assume the drop in foreclosure starts will result in an improving housing...