Houston Real Estate Blogosphere
Houston Real Estate Blogosphere brings together all the blog posts of REALTORS from the Houston area in one place
Post by Category
 

Mortgage & Finance

The most recently published posts in the Mortgage & Finance category
Reports are surfacing again of more home owners falling behind on their mortgage payments, a reversal from the dropping numbers seen over the last several quarters. Delinquency rates are also on the rise for credit card and auto loan borrowers, according to the Experian-Oliver Wyman Market Intelligence Reports. More mortgages were 30 to 59 days past due in the fourth quarter of 2013, ri...
Read Post [Posted on 04/25/2014 By John Askins]
Rental costs have continued to rise, outpacing stagnant salaries and widening the affordability gap, according to a new study by DePaul University.   "After the housing crisis, households shifted to renting for a number of reasons," says Geoff Smith, co-author of a study on the affordability gap and executive director of DePaul University’s Institute for Housing Studies. "The weak ...
Read Post [Posted on 04/24/2014 By John Askins]
 Understanding FHA-Insured LoansOne of the few blessings to come out of the Great Depression was the FHA-insured loan. Although, contrary to what many think, it wasn't created to help low-income buyers get into homeownership. Just as during our recent Great Recession, during the Depression foreclosure rates skyrocketed, leaving lenders in the lurch. The FHA-insured loan was created to protect...
Read Post [Posted on 04/23/2014 By Shayne Stone]
Home owners spend an average of about 1.4 percent of their home’s value (or around $2,800) on annual property taxes. But in some areas, that number is much higher. Home owners in New York, New Jersey, and Colorado, pay more than five times the national average, according to a new study of the average real estate taxes paid on single-family housing in 2012, conducted by Zillow. The study...
Read Post [Posted on 04/23/2014 By John Askins]
As home prices rise, the number of investors in the housing market appears to be starting to cool. The number of investment properties purchased last year dropped 2.1 percent compared to 2011, according to a recent National Association of REALTORS® report.  Investors are making up a smaller number of home buyers, shrinking from 27 percent in 2011 to 24 percent in 2012. However, inves...
Read Post [Posted on 04/23/2014 By John Askins]
Mortgage rates and home prices are on the rise, and some home buyers who were waiting around for the housing market to reach bottom are realizing now they may have missed the boat.  Mortgage rates are inching up and "It's unlikely that rates will ever be that low again," says Doug Duncan, Fannie Mae's chief economist.  The Fed had been keeping interest rates at record lows by ...
Read Post [Posted on 04/23/2014 By John Askins]
Many home buyers complain that one of the biggest hurdles they face is qualifying for financing. So what are some ways that home shoppers can ensure they qualify for a better mortgage deal — particularly one that takes advantage of the near record-breaking low mortgage rates? A recent article at Money Magazine highlighted some of the following tips when shopping for a mortgage: 1. High credit scor...
Read Post [Posted on 04/23/2014 By John Askins]
Quite a few buyers want to know what the difference between a pre-qualification versus a pre-approval is. Confusing the two can often lead to disappointment for borrowers who believed they were actually pre-approved for a mortgage. To avoid a sticky situation later down the road; we’d like to explain the difference between the two! Pre-qualification: Is only based on information stated by th...
Read Post [Posted on 04/22/2014 By Sallie Wheeler]
Access to mortgage credit is at its highest level in at least three years, and credit standards are expected to loosen even more this year, according to a newly-released index by the Mortgage Bankers Association. MBA’s index, which tracks mortgage credit availability, shows that in March the gauge rose to 114 – the highest reading in the gauge’s three-year history. “I don’t think there’s...
Read Post [Posted on 04/22/2014 By John Askins]
Home owners trump renters when it comes to finding someone to date, according to a new survey of 1,000 single people. More than a third of women and 18 percent of men would rather date a home owner than a renter, according to the survey, which was conducted on behalf of Trulia. On the other hand, only 2 percent of women said they’d prefer to date a renter, while 3 percent of men said they’d prefe...
Read Post [Posted on 04/22/2014 By John Askins]
As U.S. home prices rise, consumers are once again prioritizing their mortgage payments over paying down credit card debt, according to a new report from TransUnion. It’s the first time since 2008 that borrowers have shifted their focus back to mortgage debt ahead of credit card debt. Mortgage delinquencies are falling, too. The delinquency rate dropped to 1.71 percent in December, down...
Read Post [Posted on 04/21/2014 By John Askins]
As temperatures rise across the United States with the onset of spring, the nation's economic data show green shoots of growth following a harsh winter. Retailers posted strong March numbers, while the Federal Reserve found signs of broadening economic expansion. Retail sales have largest gain in 18 months Following an especially harsh winter for much of the country, retail sales poste...
Read Post [Posted on 04/20/2014 By John Askins]
Margin loans for short-term financing can help potential home buyers get cash fast to close a deal or win a bidding war — and an increasing number of people are turning to them for a quick fix. "A person with easy access to cash may have a leg up over someone who has to have long-term financing," explains Tucker Watkins, a private wealth adviser with wealth-management company Ameriprise Finan...
Read Post [Posted on 04/20/2014 By John Askins]
The number of home owners who find “strategic default” socially acceptable is growing in most states.  Last year, 27 percent of foreclosed home owners say they strategically defaulted on their mortgage. Strategic default is when a home owner is financially able to make their mortgage payments but decides to stop, usually because the property is underwater. For those who decided to walk away f...
Read Post [Posted on 04/19/2014 By John Askins]
Young, first-time buyers are struggling to purchase a home. With low inventories of homes for sale, young first-timers are finding themselves competing against other bidders who are willing to pay cash. Meanwhile, many young buyers are having trouble qualifying for a loan, often due to high student loan debt.  Overall, young buyers have been left out of the housing recovery more th...
Read Post [Posted on 04/17/2014 By John Askins]
Next
Find a Blog
Agent name
Blog name