Through November 2016 there was an average of $12,500 in home-equity wealth per homeowner. Foreclosure inventory declined 30% putting it slightly above pre-crisis levels. This foreclosure inventory included 325,000 homes with a mortgage. The mortgages 90 days or more past due saw a decline of 22.1% annually in November. More Americans are now working so more mortgages are getting paid …
If you have or are planning to get an FHA mortgage this offers interesting and useful information about the rates being lowered. Everyone can always use a lower mortgage rate, especially in today’s economy. Hud information can sometimes be confusing but is presented well here. HUD’s reducing Mortgage Insurance on FHA Mortgages
You know the American dream use to involve having a house with a white picket fence, but most people settle for the apartment space instead. Owning a home has gotten more and more expensive thanks to mortgage rates, yet people are still hopeful things will look up despite the numbers facing them. Another part of the American dream is hope …
One of the most volatile markets in the world is the housing market. This can because of fluctuating prices and less demand are going to change the market. So far there is good news, and that is the mortgage rates are low so far. Only time will tell how low the rates will go. Mortgage rates lower in 2017…so far…
Lately, there has been an upward trend in the amount of credit available to mortgage applicants. This is a continuation of the increase that has been seen throughout the year so far. Meanwhile, lending standards have seemed to have tightened. The increased availability of credit has been attributed to jumbo loan programs and loan programs for those with lower credit …
Rent prices have been on the rise as seen from data from the past year. This is generally true for the entirety of America but there are some exceptions to this trend. An example is New Jersey whose average monthly cost dropped by 1.3%. The largest increase in monthly average rent occurred in Rhode Island with 7.1%. Average rent is …
A dramatic drop in bank foreclosure activity in 2016 brought the national level of foreclosure filings down to a level unparalleled since 2006. According to ATTOM Data Solutions filings dropped month on month in 2016, despite the traditional push in the final quarter of 2016 from banks to clear out legacy foreclosures, predominantly for loans originating between 2004 and 2006. …
“Echo app gives buyers a new way to search for houses,” is a short article about the development of Echo. Attached is a video where Miguel Berger talks about his and his son’s development of the echo app and how it has been helping many others, which includes the ease of searching for a home. Echo app gives buyers a …
The U.S. Department of Housing and Urban Development (HUD) is trying to build systems to reduce or end youth homelessness. $33 million has currently been allocated to this project. Youth homelessness is a very large issue the entire country is facing, but is especially prevalent in areas where rent has increased dramatically. Youth Homelessness Demonstration Program gathered data directly from …
The Index of Consumer Sentiment decreased slightly in 2017, but is still higher than in January of 2016. The surge in post-election optimism was tempered by a large amount of positive and negative concerns about the new administration. The level of partisanship in the current political atmosphere is the highest it has ever been. This has a severe impact on …