Stepping in the year 2015, we’re on the cusp of witnessing a noticeable shift in the housing market. With a strong tailwind from economic recovery and declining unemployment rates, housing market is heading up for an optimistic start in 2015. Mortgage rates are rising, the
It is a well-known fact now that the Housing and Mortgage industry can never be absolutely stable and will always see highs and lows all the time. The same thing happened with the start of 2013. Our last blog specifically discussed the mortgage statistics in first quarter.
Government shutdown can cause many problems and can affect large number of areas. The housing market has seen great improvements in the last months and industry experts were expecting this to improve till the end of this year. However, this government shutdown has changed the
Home finance write-offs year-to-date in July 2013 dropped by 22% this year and it is also being termed as the highest drop since 2007 according to a report from Equifax. The Chief Economist, Amy Crews Cutts, of Equifax has quoted, “Only two major consumer credit
The Federal sequestration cuts are taking a toll on the economy and the legislation being finalized by the policymakers is expected to hit some of the largest government agencies. The Department of Housing and Urban Development is being considered to be in the danger zone. The
The spring-buying season has turned into a boon for the country with home prices benefiting immensely. If we look at the records from past months, the forecasts are turning true for most of the states. The forecasted growth percentage of yearly, two-quarter and quarterly gains
The long-term fixed rates on mortgages spiked in the last week of June along with bond yields. If we look at the facts, it’s been 30 years since the last largest weekly increase in the fixed-rate mortgage since 17th April 1987. Surprisingly, the 30-year fixed-rate
With reference to the latest reports from HUD and the U.S. Census Bureau, it has been noted that a rise of 2.3% in sales of single-family homes has occurred. The sales numbers are higher than the previous month and show a significant progress. The sales prices
Last year, the American housing market saw historically low mortgage rates and it was seen that homeowners paid approximately 37% less per month in the fourth quarter of 2012, even though homes cost about 14.5% more. Zillow conducted a study of current and historic median
Southern California is home to Hollywood, celebrities, beaches and yearlong sunny skies. Do these factors have an effect on home sales in the region? Let’s take a look at the home sales in the area for the month of February. According to a study conducted