What’s the best way to go about getting a mortgage in this low interest-rate but tight credit environment? Mortgage Bankers Association President & CEO David Stevens and WSJ’s Nick Timiraos on Lunch Break have some advice.
According to CNNMoney.com “The San Diego area has just 921 freestanding homes for sale or under construction, compared with 4,425 in late 2005.” This could be a good sign for housing prices in the North San Diego County area. Although there are approximately 100 new home communities in the North County area builders are not […]
Housing Shortage on the Horizon? Daily Real Estate News| March 31, 2011 Mike Castleman, founder and CEO of Metrostudy, which tracks real-time data of the country’s inventory of new homes, says a housing shortage is looming that will soon will create a huge surge in demand for new homes. As such, now is the time […]
While overall home sales in California declined in 2010, one bright spot emerged: Sales in homes costing more than $1 million increased last year for the first time since 2005, reports DataQuick Information Systems. The company reported that 22,529 homes sold for $1 million or more in 2010 in California, up 21 percent from 2009. […]
Daily Real Estate News | December 29, 2010 | Housing Starts Predicted to Hit 3-Year High Housing starts will probably reach a three-year high of 739,000 in 2001, creating about 500,000 jobs and helping trim the unemployment rate to 9.1 percent, said David Crowe, chief economist for the National Association of Home Builders, in an interview with Bloomberg. […]
Daily Real Estate News | December 16, 2010 | Fannie Mae: People Still Want to Own a House The desire to own a home hasn’t been diminished by the downturn in the industry, according to a survey by Fannie Mae. Of owners and renters surveyed, 51 percent say that the housing crisis has not affected their overall willingness […]
Daily Real Estate News | November 8, 2010 | Consumer confidence and business spending are key to whether the U.S. housing market will move into a virtuous or a vicious cycle in 2011, NAR Chief Economist Lawrence Yun told a packed audience at the Residential Economic Outlook Forum Friday in New Orleans. After the downturn, the housing market […]
Daily Real Estate News | November 2, 2010 | Money Magazine is urging people a few years from retirement who plan to move when they quit work to consider buying now while home prices and mortgage rates are low.Buyers who intend to use the place as a second home will pay the same rate as they would […]
Sales of new homes rose 6.6 percent in September to a seasonally adjusted annual rate of 307,000, the U.S. Commerce Department said Wednesday. Sales have been on the increase for two months, although year-over-year, new-home sales in September were down by 21.5 percent. “After dropping precipitously following the expiration of the first-time homebuyer tax credit, […]
