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Home Owner News Archive


Ask the Experts: Don’t Gamble Funds Earmarked for Mortgage

(MCT)—Where’s the best place to park money to pay off a mortgage? Should elderly parents cancel their credit cards? ...


In July, Housing Starts Edge Down While Permits Rise

Nationwide housing production edged down 1.1 percent to a seasonally adjusted annual rate of 746,000 units in July, according to newly released figures from HUD and the U.S. Census Bureau. However, builders pulled more permits for planned new-home projects than they have in any month since August of 2008. ...


Real Estate Q&A: Be Wary of Keeping Would-Be Buyer’s Deposit

(MCT)—QUESTION: I am selling my vacant house “as is,” and the buyer never had an inspection done. At the walk-through yesterday, he could not get the air conditioner to work. Now he insists that I give him a ...


Builder Confidence Continues to Improve in August

Builder confidence in the market for newly built, single-family homes improved for a fourth consecutive month in August with a two-point gain to 37 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released recently. This gain ...


More Than 95 Percent of Refinancing Borrowers Choose Fixed-Rate Mortgages

In the second quarter of 2012, fixed-rate loans accounted for more than 95 percent of refinance loans, based on the recently released Freddie Mac (OTC: FMCC) Quarterly Product Transition Report. Refinancing borrowers clearly preferred fixed-rate loans, regardless of whether their original loan was an adjustable-rate mortgage (ARM) or a fixed-rate. ...


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 ...


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