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Housing Market

The most recently published posts in the Housing Market category
While the housing market is improving in the U.S., some countries around the world are seeing even bigger improvements with their real estate markets. A report, based on Knight Frank’s latest global house price index of 55 countries, shows some of the hottest real estate markets based on largest price increases. According to the report, these eight countries show the highest percentage increases i...
Read Post [Posted on 07/24/2014 By John Askins]
More than three-quarters of Americans who fall within Generations X and Y believe they have become increasingly knowledgeable about home ownership due to the greater media coverage on the real estate market the past six years, according to a Better Homes and Gardens Real Estate survey of about 1,000 18-35 year olds. These two generations say that before buying they’d do their homework first, rese...
Read Post [Posted on 07/22/2014 By John Askins]
Fixed-rate mortgages have been at decade lows this year, increasing home buyers’ purchasing power and helping to trim home owners monthly mortgage payments—at least for those who qualify. But a number of home buyers and refinancers say they are shut out of the cheaper borrowing conditions due to banks’ tightened lending standards, according to data released by the Federal Reserve. One Washin...
Read Post [Posted on 07/22/2014 By John Askins]
With home listings competitive, buyers are looking for a neighborhood that has a greater likelihood of holding its value over the long term. But how do you know what neighborhood is doomed and which will appreciate over time?  A recent article at Bankrate.com says judging a neighborhood’s worth over the long haul comes down to two main factors: Jobs and access to amenities.  For e...
Read Post [Posted on 07/21/2014 By John Askins]
Borrowers say they spend no more time researching a mortgage loan today than they did before the mortgage market meltdown, according to a survey by Zillow.com. And that’s unfortunate, says Zillow Chief Economist Stan Humphries"The last few years should have driven home the lesson that understanding one's home loan is critically important, but mortgages continue to be something that most peopl...
Read Post [Posted on 07/19/2014 By John Askins]
One of the biggest obstacles home buyers face is qualifying for financing, and a report by the Federal Reserve shows exactly how big of struggle potential borrowers face. According to the Federal Reserve report surveying banks, the report found that most banks say they are a lot less likely to issue a mortgage to borrowers with a FICO credit of 620 and a 10 percent down payment than they...
Read Post [Posted on 07/19/2014 By John Askins]
Home prices are inching higher and mortgage rates are expected to soon follow, and more potential home buyers are weighing whether to jump in this year or risk paying more by purchasing a house later, The New York Times reports.  Home prices are rising rapidly in some areas, particularly the Sunbelt states. The 30-year fixed-rate mortgage is expected to continue to move from re...
Read Post [Posted on 07/18/2014 By John Askins]
Home owners are desiring bigger spaces again, following years of downsizing trends.Average sizes of newly built homes has increased according to U.S. Census Bureau data. And builders are reporting renewed higher demand for larger homes this year. A survey by PulteGroup showed that 84 percent of home owners between the ages of 18-59 have no intentions of downsizing, even among Baby Boomers. "There ...
Read Post [Posted on 07/18/2014 By John Askins]
By Diana Walton Talk to your agent. Take a look at your budget and determines if a house payment will fit into it. A good rule of thumb is to spend no more than 28 percent of your income on housing costs Look at your credit early in the home-buying process. Get your free annual credit report and comb through it for errors and unresolved issues. If you find mistakes, contact each of the th...
Read Post [Posted on 07/16/2014 By Diana Walton]
The average amount of mortgages being approved by lenders has grown in the last year — a sign of increased buyer and lender confidence, according to analysts at Capital Economics. Besides the increase in average mortgage amounts, analysts also point to other positive signs shaping up in the housing market, including the drop, then stabilization in the home inventory the last 18 months. The repo...
Read Post [Posted on 07/16/2014 By John Askins]
Houston’s economy is steadily rising and the city’s growth is evident by the new 40-story, high-rise luxury apartment building, scheduled for construction beginning this August. This building, which is one of several new residential properties planned to be build downtown, is slated to be the tallest residential rental building in Houston, and will contain 463 luxury apartments. The apartment h...
Read Post [Posted on 07/15/2014 By Marta Guerrero]
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Read Post [Posted on 07/15/2014 By Susan Greer]
Borrowers seeking a mortgage or for those looking to refinance are increasingly turning to credit unions. These financial institutions are surpassed a record-breaking $100 billion in mortgage loan originations last year, The New York Times reports. The growth has mostly been attributed to a surge of refinancers and a growth from consumers' "disillusionment with big banks," The Times reports. "...
Read Post [Posted on 07/15/2014 By John Askins]
Does the prospect of a big down payment make home ownership seem impossible? It's not as out of reach as you might think. Here are five tips to help you climb the down payment mountain.Every month you pay the rent, you're probably thinking, "I wish this money was going into my future." For a lot of would-be first-time home buyers, it's the down payment which makes home ownership seem impossible. C...
Read Post [Posted on 07/14/2014 By Terri Aubain]
When a Walmart comes to town, critics have long argued that the big-box discount retailer has the potential to lower nearby home values. Researchers decided to test that theory to see if there really is a “Walmart Effect” when it comes to home values. What they found: Nearby Walmart stores can actually drive up home prices. Economists Devin Pope at University of Chicago and Jaren Pope at Brigham Y...
Read Post [Posted on 07/13/2014 By John Askins]
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