Strong Majority Say Home Values Will Inflate

The U.S. housing market is in for a healthy recovery, according to a new survey. A strong majority of consumers polled say they expect home values in all U.S. cities to inflate. Sixty-one percent of those surveyed said that home prices will inflate, despite the economic issues that face the U.S. economy and the real… Continue reading Strong Majority Say Home Values Will Inflate

Olympic Foreclosure May Aid Others

By Mike Colpitts Olympic gold medal swimmer Ryan Lochte’s parents are facing foreclosure on their Florida home. But in this day an age of modern technology, some good may come out of it with a real estate website that is offering free help to other homeowners in the same situation. The website, Real Estate Investing… Continue reading Olympic Foreclosure May Aid Others

Top 10 Real Estate College Towns

Investors and parents shopping for rentals for college students might realize a sharp increase in rents when students go off to college this fall. Rents on homes and apartments rose an average of 4% in the U.S. in the last year, and higher rents are expected. Realtor.com released its second annual round-up of the top… Continue reading Top 10 Real Estate College Towns

Mortgages Drop as Loan Interest Ebbs

By Mike Colpitts Mortgage activity dropped for the second week in a row as mortgage rates rose driven by a strong hike in U.S. Treasury yields. Bond rates have been rising for one straight week, pushing mortgage rates higher. The Mortgage Bankers Association market composite index on loan applications fell 4.5% on a seasonally adjusted… Continue reading Mortgages Drop as Loan Interest Ebbs

Mortgage Rate Hike Threatens Housing Recovery

By Mike Colpitts For the first time in more than a year, mortgage rates have risen three straight weeks as growing instability over the  U.S.  economy jittered bond markets. U.S. Treasuries rose from a record low of 1.38% on the benchmark 10-year bond to more than 1.85%. The increased yield is good news for investors… Continue reading Mortgage Rate Hike Threatens Housing Recovery

States Call on Congress to Rescue Housing

By Mike Colpitts The National Lieutenant Governors Association composed of all 50 U.S. states is calling on Congress and President Barack Obama to take action to address the U.S. housing crisis  “in a meaningful and responsible manner.” The organization passed a resolution to underscore the importance of Congressional action as the nation faces perhaps the… Continue reading States Call on Congress to Rescue Housing

Home Sale Inventory Slashed to 6 Months

By Mike Colpitts The dog days of summer usually bring a frenzy of home sales activity, but a reduced inventory of homes to sell in many regions of the U.S. is slowing sales, despite record low mortgage rates. The inventory has been slashed to just a 6.6 month supply, which would usually be a positive… Continue reading Home Sale Inventory Slashed to 6 Months

Refinancing Bombs as Mortgage Rates Soar

By Ryan Jackson After record all-time mortgage rates triggered a refinancing frenzy, applying for lower rate home mortgages dropped like a bomb last week as rates soared to the highest levels in weeks. The Mortgage Bankers Association refinancing index dropped 9% to lead the summer slowdown. The seasonally adjusted purchase index fell under just one-percent… Continue reading Refinancing Bombs as Mortgage Rates Soar

Interest Deduction & Short Sale Amnesty Likely

By Mike Colpitts Amnesty on federal taxes for short sales and continuing the mortgage interest deduction are among a package of laws expected to be approved by Congress effecting more than 30-million U.S. homeowners before the end of the year. House majority leader Harry-Reid (D-NV) is being pushed by a group of senators to bring… Continue reading Interest Deduction & Short Sale Amnesty Likely