by Jim Crowder | Jul 5, 2013 | HOUSING MARKET
The Federal Reserve’s bond-buying program is expected to come to an end as the economy continues to improve. John Sim, a JPMorgan analyst said,”we expect to see the risk premium between prime/subprime floaters to compress. The nature of this move higher in...
by Jim Crowder | Jul 3, 2013 | HOUSING MARKET
According to Movoto, housing inventory continues to increase from last month bringing good news to home-buyers as competition over homes will slow due to the increased inventory. Approximately 3,574 more properties were up for sale last month compared to May 2013....
by Jim Crowder | Jul 2, 2013 | HOUSING MARKET
The Streamlined Modification Initiative goes into effect this week and will help many home loan borrowers save large amounts of money. The effort is targeted toward borrowers with mortgages from Freddie Mac or Fannie Mae and are 90 days or more late on payments. The...
by Jim Crowder | Jul 1, 2013 | HOUSING MARKET
A new survey showed that consumer sentiment has shown great improvement over the last few months ending June with a high near 82.7. Richard Curtin, the surveys director indicated that the increase in mortgage rates and fall in stock prices have not negatively changed...
by Jim Crowder | Jun 28, 2013 | HOUSING MARKET
New contracts made to purchase previously owned homes jumped 6.7% last month, the highest level seen in six years according to the National Association of Realtors’ Pending Home Sales Index. Additionally, contracts have increased 12.1% from last year and are...
by Jim Crowder | Jun 27, 2013 | HOUSING MARKET
Home prices in the United States continue to jump, increasing 12.1% in April 2013 from April 2012. The Standard & Poor’s/Case-Shiller 20-city home price index has shown growth as well, increasing 2.5% from March to April 2013, the largest month-over-month...
