‘Exotic’ mortgages seen losing their allure
London Surpasses NYC as Priciest Market
The Strongest and Weakest Housing Markets
The HUD Hoax
Mortgage lenders see stock prices sink
Homeowners under insured due to surge in home prices
If you’re ready to list your home with an agent, you’ll have plenty of candidates. There are a record 2.6 million licensed real-estate agents in the U.S. — “way too many,” says Stefan Swanepoel, chief executive officer of Realty U, a [...]
Forbes has released its list of the top college towns to invest in. Phoenix - Mesa- Scottsdale came in at #7. From the article:
The good news is, college doesn’t need to be so hard on the wallet–at least when it comes to housing, an area that becomes more absurdly expensive with each passing [...]
I know some people who read this blog must laugh at my unrequited optimism for the housing market, however here is today’s support for my opinion that there will be another short term housing or at least a refinancing boom.
From Reuters and Richard Leong
A further decline in benchmark Treasury yields may spur massive [...]
I came across an interesting article today by !PDF Warning!Michael Hudson - Distinguished Professor of Economics at the University of Missouri–Kansas City. After reading it I thought I had never read anything that was so completely off the mark.
From the Article:
The reality is that, although home ownership may be a wise choice for many [...]
There are several signs that affordability could increase rapidly in the coming months.
Falling Interest rates - According to the National Association of Realtors a 1% drop in interest rates increases buying power by 10%. In the last 3 months interest rates have dropped .32% - theoretically a 3.2% increase in buying power.
Inflation appears to [...]
It’s official. Interest rates are on their way down. Freddie Mac’s report is a lagging indicator as most customers don’t know that they can expect a lower rate than they are being offered by their lender or broker because they have been hearing about rising rates for the last year and a half. [...]