By Mike Colpitts Homes are more affordable to purchase than they have been since 1971 as a result of falling home prices, according to the U.S. Department of Housing and Urban Development (HUD). Despite record low mortgage rates, the downward trend in home values is sustained in the majority of the U.S. The best housing… Continue reading Home Affordability Reaches 1971 Level
Category: 2012 Housing Market
Where to Move, Get a Job & Buy a Home in 2012
By Mike Colpitts The hard hit economy is mending in some areas of the U.S., while other regions continue to suffer through the dregs of a housing market still in a downturn. But among all the places that are on the mend there are a handful of fairly solid cities where you might just want… Continue reading Where to Move, Get a Job & Buy a Home in 2012
Money Trail Triggered Real Estate Collapse
By Mike Colpitts Following mostly decades of the appearance of propriety at the highest levels of U.S. government, an ugly money trail from special interest groups leads to members of Congress, which triggered the real estate market collapse. It’s been more than a year-and-a-half since President Barack Obama signed financial reform legislation into law. But… Continue reading Money Trail Triggered Real Estate Collapse
Best Investor Real Estate Markets
The top ten best investor real estate markets in 2012 offer a wide cross section of the Mid-West, Northern region of the U.S. and South as the nation’s cities slowly move towards a recovery in housing. The second home market has been anything but severely damaged by the crash in the housing market, but sales… Continue reading Best Investor Real Estate Markets
Lawmakers Expand Role of Freddie Mac and Fannie Mae
By Mike Colpitts Instead of reducing their role in the U.S. mortgage market as lawmakers assured voters, Congress has increased the government’s part in the home mortgage market, and is expected to keep a major portion of Freddie Mac and Fannie Mae under government control for at least a decade. Under the agreement to extend… Continue reading Lawmakers Expand Role of Freddie Mac and Fannie Mae
Big 55 U S Housing Markets in Recovery
Chill the bubbly. More U.S. cities are forecast to inflate in home values in 2012 than in the past five years as communities in fifteen states move towards more stable housing markets with increasing home sales and higher values. These 55 cities are from states all over the nation and they have the ingredients to… Continue reading Big 55 U S Housing Markets in Recovery
Riskiest Real Estate Bet in 2012
By Kevin Chiu Vacation destination housing markets like Honolulu, posh Hilton Head, South Carolina or beautiful Miami Beach have challenges of their own, and they may be the real estate industry’s riskiest bet in 2012. Each hold traditional housing markets with year-round residents, but the condominium and vacation homes that are sought by vacationers and… Continue reading Riskiest Real Estate Bet in 2012
Real Estate Recovery Hard to Fathom
By Kevin Chiu Sometimes it’s hard to fathom. But there isn’t going to be a full-fledged recovery from this real estate crash for many years to come. For some reason a lot of people want to believe that things will somehow mercifully get better—and get better fast – like over night. Some areas of the… Continue reading Real Estate Recovery Hard to Fathom