consumer confidence

More Options Means Less Down and Riskier Debt

Today’s News Synopsis: Homebuyers are stretching budget and mortgage limits.  HUD and the Census Bureau reported a 4% increase in new homes sales for the month of March.  Home prices also picked up across the country according to the latest Case-Shiller Index. In The News: National Association of Realtors – “Consumer Interest Trends Towards Sustainability, …

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$5 Billion Per Year For Affordable Housing Incentives and Subsidies

Today’s News Synopsis: Senate bill to overhaul Fanny and Freddie has been drafted.  The latest S&P CoreLogic Case-Shiller Index showed home prices increased 6.2% last November, a new high for home prices.  For the third quarter in a row, the mortgage market generated more loans that were defective. In The News: CNBC – “Home prices surge …

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HUD Is Raising Up-Front Fees and Tightening Program Limits in September

Today’s News Synopsis: Changes are coming to Reverse Mortgages says HUD.  Even the least expensive apartments are becoming too much for low-income renters to be able to afford.  Home prices in Southern California increased drastically in July by 7.7% despite short supply. In The News: Freddie Mac – “Freddie Mac to Suspend All Evictions and Foreclosures …

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R. Bob Corker and D. Mark Warner Coming Together With Same Idea to Dissolve GSEs

Today’s News Synopsis: Republican Bob Corker and Democrat Mark Warner are coming together with the same idea to split up both of the GSEs.  Aaron Norris of the Norris Group was featured in an article explaining the best strategy for real estate investors to generate leads.  The latest S&P CoreLogic Case-Shiller Indeces showed home prices …

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Confidence in Housing Market Decreases Over Wariness in Job Market

Sources: CoreLogic US Home Price Report Shows Prices Up 7 Percent in February 2017 Jumbo, Government Loans Drive Mortgage Credit Availability Increase in March Plenty of Beauty in U.S. Jobs Data Beneath Ugly Main Number Mortgage Rates Move Lower Afraid of a Bubble?  Buy Without Fear in These Top 10 Stable, Growing Markets What’s Old …

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Group That Is Helping Boost Confidence in the Market is the Millennials

Today’s News Synopsis: Home prices in the U.S. increased 6.9% according to CoreLogic’s latest report.  Fannie Mae reported an all time-high for consumer confidence, which increased by 5.6 percentage points to 88.3.  On this note, the group that is helping boost confidence in the housing market, even in the midst of high prices, is the …

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NAHB Stated Multifamily Market Continues To Remain Strong Despite Slight Slowdown

Today’s News Synopsis: The NAHB gave an update on the multifamily housing market at their latest International Builders’ Show, saying it has slowed down a little but continues to remain strong.  On the same note, Freddie Mac was named the top lender for multifamily loans for the second consecutive year.  The latest Consumer Confidence Index …

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More People Retiring Cannot Decide Between Buying or Renting

Today’s News Synopsis:   The latest S&P/Case-Shiller Index shows home prices are finally starting to even out with them increasing 5.3% in February.  Consumer confidence, on the other hand, decreased beyond expectations this month, now standing at 94.2.  More and more people who are retiring cannot decide if they want to buy or rent.   …

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NAR Reported 18.5% Decrease in Vacation Homes Bought Last Year

Today’s News Synopsis: The Federal Open Market Committee said an increase in the federal funds rate will not happen this month as originally planned.  The National Association of Realtors released new data showing an 18.5% decrease in the number of vacation homes bought last year.  Consumer confidence is at its lowest in 18 months at …

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