I bet you didn’t expect to here those words coming from Freddie Mac. It is almost accepted blind mantra to say gas prices going up will stall the economy. But read further, and you get this result coming from Freddie Mac. So why will the spike in fuel prices not make a difference? As Freddie …
Anyone who has followed the US housing market over the course of 2012, and certainly as far back as 2010 and 2011, knows of the term – shadow inventory. If you are not familiar with this term, it is an inexact number that is calculated most commonly by adding together the number of homes foreclosed to those …
I am sure you aren’t surprised by this one. Phoenix is being gobbled up. Florida inventory is dissappearing. But if you have read this blog or come to our seminars, you will know this has been happening for a long time. The so called ‘steals’ are long gone, but there are certainly still good deals …
Isn’t this the million dollar question everyone has been trying to answer? A lot of people have a lot of theories about determining the bottom of the real estate market. What I would like to do here is offer you the insight from Zillow. According to their outlook, …home values themselves, which are only one part of …
Contrary to popular belief, if you are a first time home buyer in the United States – now is an amazing time to consider buying a home. Mortgage rates are at all time lows and housing affordability is at its highest level since record keeping, The Housing Affordability Index reached 205.9 which is the first …
Rental vacancies dipped to 8.8% in the quarter, 0.9% lower than a year earlier and 0.6% below the previous quarter, according to the Department of Commerce’s Census Bureau. The homeownership vacancy rate stands at 2.2% in the period, down 0.4% from a year earlier and 0.1% from the fourth quarter of 2011.Some 34.6% of families …
Are you still one of those party poopers, stick-in-the-mud, Buzz Killington type of person who is still negative on the U.S. housing market? Maybe this article will turn your frown upside down. Barclay’s as well as Fitch, are bullish on the housing market. They cite an inventory level that is only at 5.3 months, which …
Remember the exciting news that the FHA was introducing a pilot program where large bulk purchases of foreclosed homes are going to be sold to investors? They have just extended the deadline for that program by one month. The reason cited in this article from www.housingwire.com is that they are qualifiying bidders. In fact, One private …
Florida and Arizona are not the only hot markets. California is joing the pack in the recovery too. The pending home sales index rose from 102.3 to 127.8 in the last month which is a very strong pulse. Moreover, the California Association of Realtors had the following statistics to proudly tout, “In fact, REO inventory declined …
If you are a Canadian, and you love Florida as many eastern based Canadians do – BUY YOUR PROPERTY NOW! These are the latest results from South Florida real estate markets – provided by the organization Miami Realtors and reported on www.housingwire.com. Median prices for single-family homes in Miami-Dade rose 19% to a median price …
