Blog
Millennials Fuel Housing Market
Research shows that millennials have now reached an age where homeownership activity typically increases, and the increased activity is expected to strengthen the housing market. According to the National Association of Realtors annual survey of recent homebuyers,...
Mortgage Credit Improves
According to the most recent report from the Mortgage Bankers Association, mortgage credit continues to improve. The mortgage credit availability index increased 0.44%, averaging 113.5 last month. Experts say that if the MCAI was tracked in 2007, the index would be...
Housing Market Remains In Recovery
Home sales in the U.S. continue to increase as foreclosure rates fall according to the Obama Administration's February scorecard. Although the housing market is making impressive strides, many officials remain cautious, suggesting that the market is still in a state...
Economy Showing New Growth
Recent reports have shown that the economy is gaining more strength and continuing to show improvement. The Federal Reserve suggested that lower borrowing costs may be the reason behind an increasing number of consumers borrowing money for home and vehicle purchases....
Many Financial Advisors Recommending Reverse Mortgages
A new article in the Financial Times suggests that an increasing number of financial advisors specializing in retirement are starting to think of reverse mortgages as "lifesavers" for those who qualify living in negative financial circumstances. The program has...
Mortgage Applications Increase This Week
According to a new survey released by the Mortgage Bankers Association, mortgage applications increased this week by 9.4%. The refinance index jumped 10% from the week prior, though rates are still 3% lower than two weeks ago. Refinances fell to 57.7% of applications;...
Cheaper To Buy Versus Rent In Many Metros
Trulia has released new data stating that owning a home may be a cheaper option in many metropolitan areas than renting. According to the report, homeowners who stay in their homes for seven years will save approximately 38% when compared to those who rent. Jed Kolko,...
New Data Shows Less Mortgage Debt Among Americans
According to the most recent report from Equifax National Consumer Credit Trends, the amount of outstanding balances on bank and retail-issued cards, and home finances jumped for the third month in a row. Home finances increased by $8.59 trillion; bank issued cards...
Multifamily Growth Rates Expected To Increase
According to Freddie Mac's multifamily report, rent and vacancy rates will experience measurable growth throughout 2014 and will reach long-run historical levels. The report forecasts that cap rates will stay below 7% over the coming year, and interest rates will...
Uneven Housing Market Growth Expected Over Next Five Years
According to a recent study, housing market recovery will experience uneven growth over the next five years. Data suggests that, by the year 2018, median home prices for single-family homes will average close to the peak that was achieved in 2006. Experts expect...