Simon Constable explains to Kelsey Hubbard how rising affordability of housing will be a key to a turnaround. Plus how to invest in housing without buying a home. Any thoughts or questions on this video? Use the comment link below to sound off. We’d love to hear from you.
Home Affordability Remains High
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury released the February 2011 edition of the Obama Administration’s Housing Scorecard. The latest housing figures show increased existing home sales as home affordability remains high, but officials caution that the market remains fragile, as prices are unsettled. “In the […]
Housing Affordability Best in Years
Economists at Moody’s Analytics say homes in many parts of the country are at their most affordable levels since before the housing boom took off in 2003, the Wall Street Journal reports. According to the Journal, housing affordability – comparing home prices to household incomes – has returned to its average levels from 1989 to […]
Appraisals Scuttling Home Sales
Some people interested in selling their home have had difficulty doing so, not because they haven’t been able to find a buyer, but because the bank’s appraiser says the home isn’t worth what the home was selling for. A number of recent reports have highlighted the difficulty many buyers and sellers are having with appraisals […]
What the Housing Market Is Signaling Now
Home prices in most major metropolitan areas are starting to stabilize. A report from the National Association of Realtors (NAR) showed that 78 markets in the U.S. experienced price gains in the fourth quarter of 2010 over the previous year. Existing-home sales were up as well, rising 15.4% to an annual rate of 4.8 million […]
U.S. Home Prices Fall to Pre-Bubble Levels
The drop in home values caused by the mortgage crisis has resulted in at least one positive outcome: Prices have fallen so far and so fast that home affordability is back to pre-housing boom levels, according to a new report. After reaching a peak in late 2005, the ratio of home prices to annual income […]
Home Prices Ended 2010 Showing No Change
Two separate industry gauges released recently indicate that despite the ups and downs seen in monthly reports on home prices over the last year, residential property values ended 2010 relatively unchanged from 2009 levels. Reports from both Integrated Asset Services (IAS) and CoreLogic point to level ground over the 12-month period, although consecutive month-to-month declines […]
Nearly 30% of Mortgages Are Underwater
Home prices dropped 2.6% nationwide during the last three months of 2010, pushing more borrowers underwater, according to a quarterly real estate market survey from Zillow.com. Now 27% of homeowners with mortgages owe more than their homes are worth. That’s up from 23.2% a quarter earlier. That will surely lead to higher foreclosure rates soon. […]
Housing Affordability Driving Sales Increase
Low mortgage rates and home prices helped fuel a sharp increase in home sales during the month of December, according to the National Association of Realtors. The group says existing-home sales during the month took place at an annual rate of 5.28 million, which was up more than 12 percent from the previous month as […]
Where Will Mortgage Rates Go This Year?
While the housing market has been a drag on the economy for years now, falling prices and low rates have been great for buyers. But will that trend continue into 2011? Questions or comments about mortgage rates? Just use the comment link below to ask.
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