Real Estate News

Rates lingering lower thanks to tax turmoil

Published: 15 Nov 2017

Tax reform has been a big idea on Capitol Hill in Washington, D.C., for some time, and it now seems as though lawmakers are working toward proposals that may be able to pass both houses of Congress. However, the idea of "reconciliation" - that is, replacing each dollar of tax revenue lost with a new dollar of tax revenue from somewhere else - is important to keep in mind because if the plans are completely reconciled, then they don't need broad bi-partisan support to pass.

Fears of falling affordability might be pushing buyers out of the market

Published: 06 Nov 2017

Affordability has been the watchword in the mortgage market for some time now, with many would-be buyers and current owners seeking new homes loans while rates remain below 4 percent. But it's beginning to look as though that level of affordability might not be around much longer, especially as mortgage rates continue to rise.

More millennials eschewing big-city life for homeownership

Published: 06 Nov 2017

The expectation among many housing market experts for years was that when millennials wanted to stop renting and start owning homes, they would move from big cities to the suburbs like their parents did. However, that's not happening as expected, often because millennials tend to be either moving to smaller (but still good-sized) cities or away from urban centers, where properties are still quite inexpensive.

First-time buyers running into difficulties in housing market

Published: 01 Nov 2017

The housing market continues to shift under the weight of inventory constraints that drive home prices higher. This situation has created a more stagnant market than many experts might have expected at the start of the year and mostly impacted young people hoping to become first-time buyers while affordability remains high.

More mortgage lending coming next year

Published: 30 Oct 2017

The housing sector has been in good shape for most of 2017 thanks to a combination of significant interest among would-be buyers coming into the market and low interest rates that keep refinancing affordable for the relatively small number of owners who had yet to cut their costs. And while rates are slated to rise - even before the end of the year - it seems that this won't dampen mortgage origination heading into 2018.

First-timers may need more help getting into the market

Published: 27 Oct 2017

Over the past few months, home sales numbers have been on the decline, and experts have largely blamed the lack of available properties for sale - rather than declining demand - for the slow-down. This issue may be particularly problematic for younger first-time buyers, who tend to prefer smaller, lower-priced houses, and more is now being done to help ensure young adults can get into the market and find options they can afford.

Housing affordability an issue for many Bay Area buyers

Published: 26 Oct 2017

One of the hottest metro housing markets in the country over the past several years has been in and around the San Francisco Bay Area. The tech boom there has created plenty of high-paying jobs, and demand for housing has increased significantly. In fact, most ZIP codes in the region have long since surpassed pre-recession norms for both demand and home prices.

Consumers still feeling out mortgage affordability?

Published: 24 Oct 2017

Over the past few years, experts have continually pointed out that consumers might not realize just how good they have it in terms of mortgage affordability. Even as rates stayed above recent lows for most of 2017, they remained quite affordable with all-time and pre-recession norms, providing more affordability despite steady increases in home prices. However, it's also believed affordability may not last all that much longer.

Mortgage risk a mixed bag in changing market

Published: 16 Oct 2017

There are a number of different ways to define mortgage risk, but perhaps the most common is simply defined as the likelihood that will homeowners fall behind on their home loan payments and slide into delinquency and default. Over the past several years, this form of mortgage risk has fallen sharply thanks to the improving economy, but other types still linger - and experts say the latter could become bigger issues for the market as a whole going forward.

Homes becoming more affordable, but how much does that help shoppers?

Published: 12 Oct 2017

The ups and downs of the housing market in recent months have come for a variety of reasons. When home sales have fallen, it has largely been because of a constrained inventory, which consequently leads to higher prices. At the same time, higher prices haven't scared off would-be buyers to this point, though experts caution that home values and mortgage rates alike will probably continue rising for some time to come, depressing affordability even more.

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