As Fannie-Freddie reform gets underway, here are the three big questions for the housing market. It's been over a decade in the making, but an overhaul of Fannie and Freddie Mac is finally in the cards. The acting head of Fannie’s and Freddie’s regulator, the Federal Housing Finance Agency, told employees that he was working … Continue reading Fannie and Freddie what the Future holds
~ thank you KCM as always for the insightful information! ~ Some Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.2% by … Continue reading Wait or Buy Now? – Infographic
U.S. housing market faces '5-percent' test NEW YORK (Reuters) - The U.S. housing market, already struggling with tight inventory and rising building costs, faces a fresh headwind as 30-year mortgage rates rise close to the 5 percent threshold for the first time in years. Even as home prices have climbed steadily thanks largely to a … Continue reading 5% Interest Rates
~we need more homes built and more sellers willing to get off the fence. It's a tough situation out there for housing all the way around~ Pending-home sales tumble to a 3-year low as housing 'crisis' worsens The numbers: Pending-home sales fell 4.7% to 104.6 in January, the National Association of Realtors said Wednesday. That’s … Continue reading Pending-home sales tumble to a 3-year low as housing ‘crisis’ worsens
Wall Street snaps up cheap single-family rentals For Invitation Homes, the U.S. landlord built by Blackstone Group, the 220 houses it owned in working-class areas around Atlanta were outliers, filled primarily with low-income tenants paying rents well below those at its other properties. For another company with big private equity ties, the homes were an … Continue reading Wall Street snaps up cheap single-family rentals
The Economy’s Great—Why Is Housing a Problem? The American housing market is constrained. Not by price so much as by the continuing lack of houses on the market; and this, according to Realtor.com’s "State of the Housing Union" report, released Thursday, is “pressuring potential home buyers striving to attain the American Dream,” despite a strong U.S. … Continue reading The Economy’s Great—Why Is Housing a Problem?
More Americans are struggling to make the rent Surging rents, a dearth of affordable housing, mounting competition for apartments from wealthier renters. Welcome to the American housing market's new normal. About half of renters across the US are cost-burdened, meaning more than one-third of their income goes to their landlord, according to a recent study from Harvard … Continue reading More Americans are struggling to make the rent
In Housing, a Good Deal Is Hard to Find With really good home deals increasingly hard to find in the current market, a new report suggests it’s become virtually a toss-up as to whether buying or renting would create greater wealth in many parts of the country. The Beracha, Hardin & Johnson Buy vs. Rent (BH&J) … Continue reading In Housing, a Good Deal Is Hard to Find
What happens when the 31,000 Dreamers who own homes in California leave? Roughly 223,000 Dreamers live in California in 2017. The vast majority of these residents are in school or employed, according to the Los Angeles Times. Dreamers make up a large portion of the residents granted legal residency in the U.S. under Deferred Action … Continue reading What happens when the 31,000 Dreamers who own homes in California leave?
30 American ghost towns America is experiencing a shortage of homes for sale In the wake of the ongoing housing recovery, a new problem has arisen: a shortage of homes for sale. But while this might be the problem in most of the country's stable housing markets, some neighborhoods and cities suffer from a completely … Continue reading 30 American ghost towns