Blog
Rising Home Prices May Decrease Housing Affordability
According to John Burns Real Estate Consulting, mortgage payments for median households passed historical averages in some major housing markets. As housing prices jump, affordability decreases. Though, affordability rates still remain higher than in years past. In...
Housing Construction Picks Up Speed
Housing construction picked-up last month proving that the housing market is still actively growing. Home builders began working on apartments and homes in the U.S. at a seasonally adjusted rate of 896,000, increasing 6% from June according to the Commerce Department....
New Mortgage Rules Expected To Soften
President Obama called for change during his State of the Union address saying that strict mortgage rules are keeping young first-time home buyers from buying a home. The President implored, “let’s streamline the process, and help our economy grow.” Bloomberg News...
Consumer Debt Decreases
Total consumer debt fell 0.7% from the first quarter of 2013 to the second quarter according to the New York Fed's quarterly household debt and credit report. Household delinquency rates decreased from 8.1% in the first quarter to 7.6% in the second. Meanwhile,...
Consumer Debt Decreases
Total consumer debt fell 0.7% from the first quarter of 2013 to the second quarter according to the New York Fed's quarterly household debt and credit report. Household delinquency rates decreased from 8.1% in the first quarter to 7.6% in the second. Meanwhile,...
Mortgage Rates Stabilize
U.S. mortgage rates continue their slow increase helping the economy grow stronger. According to Freddie Mac, the average rate for 30-year fixed mortgages increased to 4.4% last week. Meanwhile, the average 15-year rate remained unchanged at 3.43%. Many experts say...
Housing Market Heating Up In Many Locations
According to recent information, particular locations are doing better than others when it comes to the housing market. Housing prices have shot up in many areas and are expected to continue to grow over the next year. Locations like San Francisco, Los Angeles, San...
Home Prices Continue To Rise
According to a recent report by the National Association of Realtors, the nation's median home price has continued to grow in many metropolitan areas. 142 metropolitan cities posted gains in the second quarter of 2013 when compared to 2012. Meanwhile, existing...
Home Builders Notice Positive Gains
U.S. home builders are noticing a large increase in demand. Builders saw a record-breaking second quarter in development and interest in housing for people 55+. The chairman of NAHB’s 50+ Housing Council and member of the Symphony Development Group, Robert Karen said,...
Mortgage Delinquencies Fall In All States
All signs are pointing toward improvement, as a new report from TransUnion shows that mortgage delinquencies have decreased in all 50 states and the District of Columbia from last year. President Obama recently said that the housing market is "healing" as new...