Some consumers place a high priority on selecting a home where a well-known celebrity is among the neighbors. Homebuyers chose late-night TV host Jimmy Fallon as the most desirable celebrity neighbor for 2014, according to the recently released seventh annual ...Read More »
In recent weeks, there has been a noticeable drop in home sales in certain areas. This has raised the level of concern of many consumers who think this is a trend that might spark another major downturn in the real ...Read More »
Strong increases in both single-family and multifamily starts raised our nationwide housing production 22.7 percent to a seasonally adjusted annual rate of 1.09 million in November, according to figures released by the Department of Housing and Urban Development and the ...
Tagged with: David Crowe Department of Housing and Urban Development Fannie Mae Federal Housing Finance Agency Freddie Mac Jim Woodard MSM Market Trends National Association of Home Builders November 2013 Zillow Report Real Trends rick judson U.S. Census Bureau Zillow Home Value IndexRead More »
The interest rate for a large jumbo mortgage is now less than the rate for a smaller conventional loan. The increase in rate for conventional loans, combined with banks seeking jumbo mortgages for their portfolios, has created a situation in ...
Tagged with: Bill Banfield conventional loan Fannie Mae Federal Housing Administration Federal Housing Finance Agency Freddie Mac interest rate Jim Woodard jumbo mortgage Mutual Mortgage Insurance Fund NAtional Mortgage NEws Quicken Loans real estate websiteRead More »
The income required to purchase a median-priced home in today’s market depends largely on location and varies quite a bit across the country. In Cleveland, you could earn $22,000 a year and still afford a house, but in San Francisco, ...
Tagged with: Clear Capital Freddie Mac HSH Associates income required to buy median-priced home Jim Woodard Market Composite Index Martgage Bankers Association Morningstar Corporate Credit Ratings National Association of Realtors Primary Mortgage Market Survey Refinance Index Weekly Mortgage Applications Survey ZillowRead More »
A new study has revealed that seniors who own their homes are much more likely to enjoy good health and a generally good life during their senior years than those who rent their residences. The study was sponsored by the ...
Tagged with: A Profile of Housing and Health Among Older Americans Dodd-Frank Act Fannie Mae FDIC Freddie Mac Jim Woodard MIchael Eriksen MIke Fratantoni Mortgage Bankers Association's Research Institute for Housing AmericaRead More »
Recovery from our recent recession will continue in 2014, but it will be greatly reduced by a surprising factor – the low number of new household formations. About 1.1 million new households form in a normal year. These new households ...Read More »
At a recent gathering of commissioners, strong support for the Federal Housing Administration was expressed. Lawmakers in Congress who are raising alarms about the FHA needing a bailout and supporting legislation to change the way it does business are missing ...Read More »
Home price increases will drop substantially by the end of this year, according to a leading analyst. National home prices were up 10.1 percent year-over-year in the second quarter, but price appreciation is expected to fall out of the double-digits, ...Read More »
The volatility of mortgages is clearly seen by the latest origination projections released by the Mortgage Bankers Association (MBA). The trade group announced recently that it expects to see $1.2 trillion in mortgage originations during 2014, a 32 percent decline ...Read More »