When the housing market began declining, many people claimed that adjustable-rate mortgages (ARMs) were the cause. However, recently they’ve been making a comeback, especially among affluent borrowers. An ARM offers an introductory period in which the borrower pays a lower… Continue Reading
Investors have the cash and the manpower working in their favor. They’re buying up parts of neighborhoods in hopes of turning quick profits, and in their own words, moving a once-stagnant market forward. For first-time home buyers, they’re seen as… Continue Reading
California home sale prices came close to a 4-year high in July, with the pace of sales year-over-year growing for the fourth month in a row, the CALIFORNIA ASSOCIATION OF REALTORS® reported. The median home price in July for an… Continue Reading
Asking prices on for-sale homes – which lead sales prices by approximately two or more months – increased 0.5 percent in July compared with June, according to Trulia’s Price Monitor. This marked the sixth consecutive monthly gain. Meanwhile, asking prices… Continue Reading
With home prices rising in many markets around the country, might mortgage lenders start loosening up on their hyper-strict underwriting rules and extend loans to buyers who now find themselves on the sidelines? Read the full story
Buying real estate is a good long-term investment for many reasons, some of which have only become apparent in recent weeks. Housing prices rose sharply in May compared with April. The S&P/Case-Shiller Index, a closely watched real estate index, rose… Continue Reading
A new analysis by real estate website Zillow shows that, on average, a renter thinking about buying a home will reach what it calls the “break-even horizon,” after just three years. The break-even horizon compares what it would cost to… Continue Reading
This week, Edward J. DeMarco, Acting Director of the Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac, issued a statement that the FHFA would not direct the GSEs to implement the Home Affordable Modification Program Principal… Continue Reading
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