A majority of consumers now feel it’s easier to obtain a mortgage loan, according to Fannie Mae’s National Housing Survey. Fifty-two percent of respondents in the company’s latest survey said they think it would be easy to get a mortgage ...Read More »
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Electronic signatures are now being accepted on an increasing number of homebuying and financing documents, including Federal Housing Administration loans. In its ongoing bid to modernize its processes, the FHA has granted expanded authority to lenders to accept e-signatures on ...Read More »
Luxury homes, a property niche that was hit hard by the recession, is back in popularity with buyers. Following the recent recession, interest in large and expensive homes dropped dramatically as homebuyers showed preferences for smaller, more affordable homes. But ...Read More »
Your next new home may be firmly plugged into electronic advancements. This year’s Consumer Electronics Show in Las Vegas has surprised many within the real estate industry for the quantity of innovations that are based around the home, it was ...
Tagged with: Consumer Electronics Show Federal Housing Administration Goji high-tech appliances Home Builders Research home electronic devices home flipping Jim Woodard mortgage applications Real Trents RealtyTrac WeMoRead More »
Many housing markets nationwide have returned to normal levels of activity. Markets in 56 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in January, according to the ...Read More »
Most people, including realtors, believe our slow but steady improvement in the real estate market is very encouraging. However, they are concerned about problems homebuyers encounter when trying to access their credit. Realtors expressed overall confidence in the market ...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 »