by Jim Crowder | Jul 14, 2011 | HOUSING MARKET
According to the Mortgage Bankers Association’s Weekly Applications Survey, the average contract interest rate for 30-year fixed-rate mortgages fell to 4.55 percent last week from 4.69 percent the week before. Despite the drop in interest rates, the Market...
by Jim Crowder | Jul 13, 2011 | HOUSING MARKET
A record number of homes are being sold to single people, and especially single women. According to the National Association of Realtors, single women accounted for 20 percent of all home buyers last year, while unmarried men made up 12 percent. Low interest rates and...
by Jim Crowder | Jul 12, 2011 | HOUSING MARKET
After early loan modification efforts and the homebuyer tax credit, the Obama administration has begun discussing new potential policy prescriptions aimed at helping further revive the housing market. Allowing Fannie Mae and Freddie Mac to rent, rather than sell,...
by Jim Crowder | Jul 11, 2011 | HOUSING MARKET
The real-estate market has typically been dominated by homes designed for and sold to families. But with a growing number of households consisting of people living alone or with roommates, changing demographics mean buyers with different standards, requirements, and...
by Jim Crowder | Jul 8, 2011 | HOUSING MARKET
Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, says housing is more affordable than it has been in generations, making it a great time to buy a home. According to Donovan, the severity of the housing crisis means a complete recovery...
by Jim Crowder | Jul 7, 2011 | HOUSING MARKET
Fannie Mae’s National Housing Survey polls 1,000 people each month to gauge consumer confidence, attitudes toward owning and renting, mortgage rates, homeownership distress, and household finances. The June survey, which asked homeowners and renters more than...
