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Home Owner News Archive


California is Leading the Recovery

The state that gave America Alt-A loans, the first tidal wave of foreclosures, the highest prices during the boom and the fastest fall during the bust is now leading the nation out of the six-year housing depression. ...


Gen Y Home Buying is Motivated by Quality of Life

Used to thriving economies and strong employment rates, baby boomers played a critical role in stimulating the housing market prior to the Great Recession, but the economic realities of the last few years have shifted the focus to Generation Y and real estate professionals are now looking to the approximately ...


Rising Home Prices Push Affordability Slightly Lower In Second Quarter

Strengthening house prices in metros across the country contributed to slightly lower housing affordability in the second quarter, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). ...


‘Normal’ Home Sales Soar Despite Obstacles

While sales of distressed properties - foreclosures and short sales - have shrunk since the first of the year, a surge in sales of “normal” non-distressed properties has pushed total home sales through June 4.5 percent higher than last year even though buyers face tight credit and low inventories. ...


End-of-Summer Checklist for Home Sellers

As we near the end of summer, it’s time to look ahead and plan out home maintenance projects that have to be done before the cold weather strikes. Real estate agents can help homebuyers understand which home fixes take priority ...


August Economic and Housing Market Outlook: A Shrinking Shadow?

Freddie Mac recently released its U.S. Economic and Housing Market Outlook for August showing why the so-called shadow inventory might not be as foreboding as many thought; this is attributed to the rate at which excess housing is being absorbed. ...


Accurate Estimates Bring Down Closing Costs

It might be harder to get a loan today, but it costs a little less to close one than it did a year ago because lenders are estimating closing costs better, according to the latest annual survey of closing costs by Bankrate. ...


HARP Refinances Continue Surge in First Half of 2012

The Federal Housing Finance Agency (FHFA) recently released its June Refinance Report, which shows that one of every three refinances through Fannie Mae and Freddie Mac were made through the Home Affordable Refinance Program (HARP), the highest number since the ...


Fixed Mortgage Rates Move Higher for Second Consecutive Week

Freddie Mac (OTC: FMCC) recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates moving higher following stronger-than-expected employment reports. The 30-year fixed averaged 3.59 percent, and the 15-year fixed averaged 2.84 percent, still near the historic low. ...


Consumer Expectations on Housing Remain Upbeat

Americans' confidence in the economy and their personal finances continues to stall but this has not interrupted their recently more positive outlook on the housing market, according to results from Fannie Mae's July 2012 National Housing Survey. While the July ...


Mid-Year Infographic of Silicon Valley’s Santa Clara County, REOs and Short Sales

REOs and short sales now represent more than a quarter of the local housing market – this is much more than a temporary niche, according to James Harrison, RCE, CAE, president and CEO of MLSListings, Inc. ...


Good News in Housing: 80 Improving Housing Markets in August

A total of 80 metropolitan statistical areas across 32 states and the District of Columbia were listed as improving housing markets on the National Association of Home Builders/First American Improving Markets Index (IMI) for August, released recently. This included 75 markets that retained their places on the list along with ...


Voting for $20k Home Renovation Now Open on HouseLogic

HouseLogic.com, an award-winning, comprehensive website for homeowners from the National Association of REALTORS®, announces the six finalists in the website’s “Boost Your Roost” contest. Boost Your Roost gives homeowners a chance to win a $20,000 home renovation and star in original web videos this fall, documenting the transformation from start ...


To Remodel or Not to Remodel: 7 Questions Homeowners Need to Ask Before Commencing Construction

In the age of HGTV, home and garden magazines, Pinterest, and more, the thought of remodeling your home might be tempting. After all, there’s a lot to love about redesigning, updating, and maximizing your space. Plus, whether you’re thinking of ...


Apartment Market Hot Streak Continues

For the sixth quarter in a row, the apartment industry improved across all indexes in the National Multi Housing Council's (NMHC) Quarterly Survey of Apartment Market Conditions. The survey's indexes measuring Market Tightness (76), Sales Volume (54), Equity Financing (58) and Debt Financing (77) all measured at 50 or higher, ...


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