Housing Research The Housing Research Center is a consumer resource loaded with expert information on buying, selling and investing in real estate with insight on the many facets of being a homeowner. Find the latest news on the evolving foreclosure crisis and what steps you can take to protect your best interests. Plus get general… Continue reading Housing Research Center
Housing Predictor
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2012 Connecticut Housing Market
As an affluent neighbor of New York City, Connecticut is the east coast’s home of Mc Mansions, driven by the need for comfort and the feeling of wealth perhaps more than any other state in the eastern corridor of the U.S. But those high cost homes come with a price, and that price just might… Continue reading 2012 Connecticut Housing Market
Isaac Poses $36 Billion in Storm Damage
By Mike Colpitts As it roars toward the Gulf Coast to make landfall forecast to turn into a hurricane, tropical storm Isaac poses more than $36 billion in financial losses to the Gulf Coast, according to a real estate research firm. An estimated 269,081 homes and other residential properties in just seven major metropolitan areas… Continue reading Isaac Poses $36 Billion in Storm Damage
2012 Hawaii Housing Market
The Hawaii vacation home market is troubled by a double whammy, slower home and condo sales and a drop in the tourist industry in what is likely to be the most critical decline in real estate prices in generations. Home prices are slowly declining in most of Hawaii, once the top destination for vacationers. Maui,… Continue reading 2012 Hawaii Housing Market
Biggest Home Price Increase Since 2006
By Mike Colpitts A sharp drop in the inventory of discount priced foreclosures led to the biggest year over year increase in home prices in a year during July, according to CoreLogic. The 3.8% average hike in values includes all residential properties in the U.S. The increase was the largest since August 2006 on a… Continue reading Biggest Home Price Increase Since 2006
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
Only 40% Will Pay Off Mortgages
Only 40% of respondents in a new survey say they intend to pay off their home mortgages, and slightly more than a third (34%) said they do not plan on paying off their home loans at all. More than 1,000 online visitors took part in the poll, which was completed Tuesday after being asked of… Continue reading Only 40% Will Pay Off Mortgages
Rental Boom Will Lead to Homeownership Rebound
By Ryan Jackson The boom in new apartment rental construction will lead to a rebound in homeownership, according to UCLA real estate economist David Shulman. The researcher made the prediction in the university’s Ziman Center real estate economist letter. “After an agonizing six year decline where nearly $7-trillion of wealth was destroyed, the housing economy… Continue reading Rental Boom Will Lead to Homeownership Rebound