Pushed by record low mortgage rates and the lowest home prices in years, most of Idaho’s housing markets are in the midst of a major turn around, and are projected to appreciate in home values by the end of the year. A limited supply of homes on the market in Idaho cities is also helping… Continue reading 2012 Idaho Housing Market
Window Replacement Offers Tax Credit
New window replacement with Energy Star ratings can earn you a $1,500 tax credit, adding value to your home and reducing your energy bills. Let’s get honest. Do your windows whistle when it’s windy outside? Do they rattle in their panes when a compact car passes by? Has all the furniture and carpet directly inside… Continue reading Window Replacement Offers Tax Credit
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
Housing Market Slowdown May Be Over
Editor’s Note: This is an out of date version. Go to the Home Page for the latest forecasts and housing news. Worst May Be Over in National Housing Market Slowdown The tide is turning and the worst may be over in the national housing market slowdown, according to the latest assessment by Housing Predictor. The… Continue reading Housing Market Slowdown May Be Over
Winning in Real Estate Crisis
by Robert Jones Construction workers are re-tiling their bathrooms, real estate agents are taking jobs as waiters and waitresses, and mortgage brokers are sitting around watching TV. The collapse of the housing market has been brutal on just about everyone, it seems, with any connection to the industry. Well, almost everyone. Attorneys are busier than… Continue reading Winning in Real Estate Crisis
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
Affordable Home Owners Insurance
Home owners insurance policies have sky-rocketed in some states, while others are seeing their policy prices remain close to the same. All this has occurred amid record high profits in the insurance industry. Last year insurance companies netted $68-billion, while insurance policies cover less and cost more. In 2005 insurance companies profited a record $48-billion.… Continue reading Affordable Home Owners Insurance
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
Sub Prime Loan Damage Limited
Hundreds and perhaps thousands of local real estate markets scattered throughout the U.S. are insulated from the sub-prime loan crisis and as a result are not suffering from fall out of the sub-prime fiasco, according to the latest Housing Predictor study. The sub-prime crisis is revealing itself to pale in comparison to the U.S. Savings… Continue reading Sub Prime Loan Damage Limited
2012 Iowa Housing Market
While most of the U.S. deals with the fallout of the financial crisis and the real estate collapse, Iowa is experiencing some of the most prosperous times in history as farming drives the state to its best run in decades. Farm profits are spiking in the midst of the worst U.S. economy since at least… Continue reading 2012 Iowa Housing Market