Recovery Forecast Not Until 2011 The U.S. real estate market will take at least three years to recover from its massive slump and it wont fully rebound from the mortgage mess until at least some time in 2011, Housing Predictor forecasts. Housing Predictor analysts forecast the overall U.S. economy will suffer from a recession as… Continue reading U.S. Real Estate Market Rebound
Category: Statistics
Selling Your Home in Today’s Market
By Christine Hardenberger Gleaming granite countertops, stainless steel appliances, slate tiled bathrooms, and jetted garden tubs. Upgrading your home to sell used to mean sinking big money into high-end kitchen and bathroom renovations. Upgraded kitchens and bathrooms sold homes. Now, renovating your kitchen or bathroom could cost you far more than you’ll ever make back… Continue reading Selling Your Home in Today’s Market
Homeowners Insurance Costs Soar
Propelled by massive pay-outs as a direct result of hurricane damage, Florida has the highest homeowners insurance premiums in the nation, according to a new industry study. The rise in policy costs account for more than a 10% increase in annual premiums. Other states are also experiencing large rate hikes. “Most homeowners over-pay for insurance… Continue reading Homeowners Insurance Costs Soar
Home Owners Trust Real Estate Agents
An over-whelming majority of U.S. home owners trust real estate agents to handle their property transactions and will use agents services again, a new Housing Predictor survey has found. The telephone survey of 511 homeowners scattered throughout the nation was conducted during the first two weeks of December at a time when the U.S. housing… Continue reading Home Owners Trust Real Estate Agents
Overwhelming Majority Favor Homeownership
By Mike Colpitts An overwhelming majority favor homeownership over renting despite the housing downturn, according to a new study. The results were found as part of a Fannie Mae survey that asked a variety of questions revolving homeownership and the economy. An astonishing 85% of respondants said they favor homeownership over renting based on the… Continue reading Overwhelming Majority Favor Homeownership
First Time Home Buyers Edge Higher
By Mike Colpitts First time home buyers made up more than one out of three home purchases in July to compose the highest number of buyers in months, according to the National Association of Realtors. The slim hike in first time buyers, however, is still below any sort of normal pace on an historic basis.… Continue reading First Time Home Buyers Edge Higher
Mortgage Rates Resume Drop
By Mike Colpitts Mortgage borrowing rates resumed their drop after a month of solid increases, according to Freddie Mac. The fixed 30-year home loan averaged 3.59%, down from a week ago when it was 3.66%. Adjustable rate mortgages also dropped, giving those shopping for mortgages a break. Mortgage rates have seen their highest hike in… Continue reading Mortgage Rates Resume Drop
Cash Home Sales Slowly Decline
By Mike Colpitts Cash home sales, which hit record highs as bargain hunting investors plunked down greenbacks to reach feverish levels have declined as the inventory of lower priced foreclosures evaporates in many U.S. regions. The drop in cash sales follows a steady decline in bank owned properties, despite government slowdowns determining how many homes… Continue reading Cash Home Sales Slowly Decline
Mortgage Rates Bounce Higher
By Mike Colpitts Mortgage interest rates bounced higher for the third week in a row as the 30-year fixed rate loan jumped to average 3.62%, according to Freddie Mac. The bounce in rates came as a result of higher yields paid to investors for U.S. Treasuries, which may signal a major shift in financial markets.… Continue reading Mortgage Rates Bounce Higher
Overwhelming Majority Favor Homeownership
By Mike Colpitts An overwhelming majority favor homeownership over renting despite the housing downturn, according to a new study. The results were found as part of a Fannie Mae survey that asked a variety of questions revolving homeownership and the economy. An astonishing 85% of respondants said they favor homeownership over renting based on the… Continue reading Overwhelming Majority Favor Homeownership