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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