Archive | November, 2013

Americans Recover Home Equity at Record Pace: Mortgages

  The number of Americans who owe more on their mortgages than their homes are worth fell at the fastest pace on record in the third quarter as prices rose, a sign supply shortages may ease as more owners are able to sell. The percentage of homes with mortgages that had negative equity dropped to […]

Leave a comment Continue Reading →

Vital Signs: Pending Home Sales Take a Quick Turn South

  Fewer homebuyers are signing on the dotted line. The pending home sales index, compiled by the National Association of Realtors, declined for fifth consecutive month in October, to stand at its lowest reading since December 2012. The pending sales index captures contracts signed to buy a home. When the contracts are closed, the numbers show up […]

Leave a comment Continue Reading →

Americans Are Very Confused About What They Want Out of a Community

  The latest national community preference survey, conducted periodically by the National Association of Realtors, was released earlier this month. The results are all over the place. Looking for evidence to support reported trends toward smart growth living in walkable, mixed use neighborhoods? You’ll find it in the poll. But, if you’re a smart growth skeptic […]

Leave a comment Continue Reading →

Can You Measure The American Dream?

Three professors in Ohio have created a new index to capture something that seems subjective, highly relative and maybe even mythical: The American Dream. The professors, at Xavier University in Cincinnati, say their American Dream Composite Index is based on 35 sentiments that amount to a highly comprehensive look at what makes people feel happy, successful and […]

Leave a comment Continue Reading →

Weak October Sales Have Home Builders Fretting About Spring

Weak sales tallies in October mean home builders face a winter full of worry. A monthly survey of builders across the U.S. by John Burns Real Estate Consulting, a housing research and advisory firm, has found that respondents’ sales of new homes declined by 8% in October from the September level and by 6% from […]

Leave a comment Continue Reading →

Foreclosure Inventory Plunges Nearly 30%

  The nation’s foreclosure inventory has contracted for 18 consecutive months and is now at its lowest point since the end of 2008, totaling 1.28 million loans, or just 2.54 percent of today’s active mortgages, according to Lender Processing Services (LPS). The company’s latest report assessing loan-level data on the performance of mortgage assets through the end […]

Leave a comment Continue Reading →

Banks offering mortgages with only 5% down payments

  By Les Christie  @CNNMoney November 5, 2013: 11:02 AM ET NEW YORK (CNNMoney) Good news for homebuyers who don’t have a lot of cash on hand: Banks are offering loans with down payments of just 5%. After the housing bubble burst, buyers needed to come to the table with as much as 20% down or they […]

Leave a comment Continue Reading →