By Jim Woodard
Published: November 16,2012
A new study recently completed by two California universities puts a new spin on the effects of homeownership on children in owners’ families. The study showed that homeownership is associated with lower high school dropout rates and lower teen birth rates, according to professors Richard Green and Gary Painter at the University of Southern California [...]
By Jim Woodard
Published: November 8,2012
Many prospective homebuyers are still sitting on the fence watching trends regarding home prices and mortgages. They’re waiting for the most strategic time to make their purchase. These consumers will be particularly interested in a study recently concluded by the Mortgage Bankers Association. It projects key factors that will shape mortgage availabilities in 2013. MBA [...]
By Jim Woodard
Published: November 2,2012
With 38 percent of today’s homebuyers making their purchase with all cash — up from 22 percent in 2006 — there must be powerful incentives for that form of payment. The most obvious advantage is freedom from making mortgage payments or rent. Thus, the homeowner has more incoming funds available for investments or pursuing personal [...]
By Jim Woodard
Published: October 23,2012
As lenders review their backlog of more than 5 million delinquent mortgages, short sales are becoming an ever more popular escape route, it was reported by CNBC. But that trend may have a short life.
By Jim Woodard
Published: October 1,2012
There is mounting pressure from consumer groups and political leaders to bar attempts by local governments to use the power of eminent domain to take ownership of properties for purposes other than those originally targeted for use of this power.
By Jim Woodard
Published: September 24,2012
The residential rental market is still booming. This surprises many analysts, considering the favorable conditions for purchasing a home.
By Jim Woodard
Published: September 17,2012
The time it takes to sell a home is shrinking. In fact, the selling period is now in the range of historic norms for healthy market conditions.
By Jim Woodard
Published: September 6,2012
The U.S. Consumer Financial Protection Bureau is proposing a rule requiring mortgage lenders to provide home loan applicants with appraisal reports that detail how the value of a property was determined.
By Jim Woodard
Published: August 29,2012
Senior homeowners are the most vulnerable segment of consumers to suffer from today's home mortgage crisis, according to a report from AARP.
By Jim Woodard
Published: August 23,2012
The more obvious culprits in limiting home sales in today’s market are the sluggish economy, continuing tight job market and tough requirements to qualify for a mortgage. But there’s another not-so-obvious reason. Fewer babies are being born. Thus, families are more inclined to postpone a purchase of a family home. Young couples in [...]
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