by Jim Crowder | Mar 15, 2013 | HOUSING MARKET
Home repossessions hit their lowest levels since mid-to-late 2007, averaging an 11% decrease in February 2013 from January 2013, and showed a 29% drop from last year according to RealtyTrac. Foreclosure rates have been cut in half from 2010 when the foreclosure crisis...
by Jim Crowder | Mar 14, 2013 | HOUSING MARKET
According to the HARP report, 297,461 refinances took place last year, and of those refinances 25% had 125% loan-to-value ratios. The Home Affordable Refinance Program stated that approximately 1.1 million of Freddie Mac and Fannie Mae mortgages experienced some form...
by Jim Crowder | Mar 13, 2013 | HOUSING MARKET
According to Reuters, the housing market began its long journey to recovery in 2012. In January of 2012, the housing market began to see an increase in housing starts fueled by rental property demands. January of 2013 proved that the housing market had picked up speed...
by Jim Crowder | Mar 12, 2013 | HOUSING MARKET
New job growth is speeding up in the U.S. This is particularly good news for the recovering housing market. 236,000 net jobs were created in February according to the Labor Department. The nation’s unemployment rate has dropped to its lowest level since 2009,...
by Jim Crowder | Mar 11, 2013 | HOUSING MARKET
A new study suggests that immigrants are fueling the housing market and have been helping growth over the last decade. Experts expect immigrants to continue to accelerate the housing market in the near future. Foreign-born property owners have shown growth each year...
by Jim Crowder | Mar 8, 2013 | HOUSING MARKET
According to Freddie Mac’s Primary Mortgage Market Survey, fixed-rate mortgages seem to show little to no change from last week. 30-year fixed-rate mortgages jumped 3.52% while 15-year fixed-rate mortgages measured in at 2.67%, unchanged from last week. The...
