Existing-home sales up; low inventory and affordability still risky
Feb24

Existing-home sales up; low inventory and affordability still risky

Article provided by: Inman Key Takeaways NAR reported that 5.47 million homes (at a seasonally adjusted annual rate) were sold in January 2015. Although mortgage rates are stabilizing, affordability and inventory are still serious problems. The National Association of Realtors released its existing-home sales numbers this morning, showing a modest growth in home sale numbers — exactly what First American chief economist...

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How Freddie Mac’s 2016 Predictions Impact Potential Homebuyers
Jan28

How Freddie Mac’s 2016 Predictions Impact Potential Homebuyers

Article provided by: J.W Mortgage Capital LLC How Freddie Mac's 2016 Predictions Impact Potential Homebuyers A new year brings new trends for the real estate market, meaning potential mortgage borrowers will now face a different landscape. A recent announcement by the Federal Reserve to adjust the key funds rate may have a direct impact on those looking to take out a sizeable loan, as banks and lending firms could pass...

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Standard & Poor’s 5 factors that really influence home prices
Jan13

Standard & Poor’s 5 factors that really influence home prices

Article Provided by: Inman Key Takeaways Inventory and increased competition fail to explain the 23-percent spike we have seen in home prices since the housing market crash. Standard and Poor's report titled “The Economic Factors That Affect Housing Prices” examined the market at a granular geographic level and concluded that five variables are to be credited for the increase. The correlation between mortgage rates and...

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Home sales dip slightly but market remains white hot
Dec22

Home sales dip slightly but market remains white hot

Article Provided by: The Austin Business Journal Amid climbing home prices and robust demand, there was a slight hiccup in the monthly sales report released Monday by the Austin Board of Realtors. For the first time since May, single-family home sales fell in November compared to the same period a year before, dropping 4 percent to 1,814. However, the median home price was $270,000 in November, a record for that month and up 10...

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For The First Time in 9 Years The Federal Reserve Is Raising Interest Rates- What You Need To Know
Dec17

For The First Time in 9 Years The Federal Reserve Is Raising Interest Rates- What You Need To Know

Article and Images Provided by Forbes Magazine For the first time since 2006, the Federal Reserve has announced that it will raise interest rates by 25 basis points. This means that it is increasing the target for short term interest rates to a range of 0.25% to 0.50% from a range of 0% to 0.25%.  Within minutes of the Fed’s decision Wednesday, Wells Fargo, JPMorgan Chase and US Bancorp became the...

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Fannie Mae Rolls Out New Mortgage Rules
Dec11

Fannie Mae Rolls Out New Mortgage Rules

GOLDEN VALLEY, Minn. – Fannie Mae is making it easier to get a mortgage, especially for creditworthy borrowers with low and moderate incomes. For many people trying to buy a home, there are a number of barriers that stand in the way. "It could be a credit problem, it could be an income problem, it could be an employment history problem, it could be a debt-ratio problem. There are a number of things that can affect a...

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