The annual major 25 metropolitan housing market forecasts for 2010 are based on population densities in the Greater Metropolitan Statistical areas, and include housing and population density. The forecasts are listed in order from the most populated to the least. Housing Predictor forecasts are issued annually and updated as local market conditions in all of… Continue reading Major Metro Market Forecasts for 2010
Category: 2010 Housing Market
2011 New Mexico Housing Market
Growing unemployment and businesses exiting the state are hurting New Mexico housing markets, which are sustaining larger losses in sales and home values as the recession unwinds. Job losses in professional, construction and retail sectors are troubling New Mexico, which is one of the last state’s in the nation to be hit hard by the… Continue reading 2011 New Mexico Housing Market
2011 Oregon Housing Market
An over-supply of homes and other residential properties are creating doubts among home buyers accompanied by a weak economy in Oregon, sending home values lower and into what appears to be the initial steps of a double-dip in housing. Growing unemployment in manufacturing, professional services and finance are hurting the economy. A Brookings Institution study… Continue reading 2011 Oregon Housing Market
Home Appraisals Killing Recovery
By Kevin Chiu One out of three new home builders lost sales as a result of appraisals coming in at less than the agreed upon sales price in the last six months killing a recovery in the U.S. housing market, according to the National Association of Home Builders. Declining home prices in most areas of… Continue reading Home Appraisals Killing Recovery
Mortgage Rates Surge Higher
By Kevin Chiu Mortgage rates surge higher for the fourth consecutive week as Treasuries sold off at the highest level in six months, igniting tempers among many home buyers and homeowners who were waiting to lock-in rates, according to Freddie Mac. Mortgage rates have been particularly volatile as a result of the bond market. Rates… Continue reading Mortgage Rates Surge Higher
Refinance Wave Ends on Higher Mortgage Rates
After four straight weeks of falling loan applications to refinance home mortgages the wave of refinancing has apparently come to an end, according to the Mortgage Bankers Association. It’s the lowest the index has been since last June, demonstrating that most homeowners who wanted to refinance their homes or could qualify to do so have… Continue reading Refinance Wave Ends on Higher Mortgage Rates
Refinancing Traps to Low Mortgage Rates
For three straight weeks mortgage rates jumped from their record lows, according to Freddie Mac. But is it a good time to refinance if you haven’t already caught the low rates? It really depends on what your financial situation and plans for your home are, so you can steer clear of refinancing traps, according to… Continue reading Refinancing Traps to Low Mortgage Rates
4-Million Receive Housing Assistance
By Kevin Chiu More than 750,000 homeowners received assistance through a Housing and Urban Development program funded by the American Recovery and Reinvestment Act (TARP) to prevent them from becoming homeless, according to HUD. The figure brings to more than 4-million families who have been helped through government programs and private bank initiatives to remain… Continue reading 4-Million Receive Housing Assistance
Corporate Rentals to the Rescue
The downturn in the housing market is making it hard for many homeowners to sell, and becoming a landlord isn’t for everyone. In the troubled economy a growing number of homeowners are looking for options to pay the monthly mortgage and corporate rentals could be the answer. Landlords report rising problems with tenants, who can’t… Continue reading Corporate Rentals to the Rescue
Pending Home Sales Surge
Driven by all-time record low mortgage rates, pending home sales surged in October as home buyers sought to take advantage of low interest rates before they rose, according to the National Association of Realtors monthly report. Pending sales, which are usually scheduled to close within a month or two and are still contingent upon inspections… Continue reading Pending Home Sales Surge