Tag Archives: economy

Consumers Offer Mixed Opinions on Housing Market’s Future

Housing optimism for the year ahead diminished somewhat in March, though signs largely point to a positive spring season. Fannie Mae released Monday its most recent National Housing Survey, revealing a slight softening in the housing recovery as monthly indicators remain volatile. According to results from the March survey, fewer than half of consumers polled expect home […]

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Housing Markets Improving But Most Metros Not Yet ‘Stable’

Housing markets in half of all states and 35 of the top 50 metros are improving, according to a new report from Freddie Mac. However, only 11 states and four of the top 50 metros are “stable” compared to each market’s individual historical norms, Freddie Mac reported. Freddie Mac’s first Multi-Indicator Market Index (MiMi) was […]

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February Gains Point to Seller Optimism

Realtor.com released its February Monthly Housing Trend Report, which showed an increase in listing prices as well as an increase of housing inventory. The increase in both list price as well as inventory points to a “strong early beginning to this spring’s home buying season,” the report said. Nationally, median listing price increased to $199,000, […]

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Mortgage Rates Pull Back Further

Freddie Mac’s weekly Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage falling to an average rate of 4.41% for the week ending January 16, down from 4.51% the previous week. A year ago, the 30-year fixed average sat at 3.38%.  The 15 year fixed-rate mortgage averaged 3.45%, down from 3.56% previously. Adjustable rates were […]

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Still a Seller’s Market? Not for Long!!!!

According to Michael Orr of Arizona State University WP Carey School of Business, at an ARMLS “Engage” Conference held yesterday in Phoenix, we will reach a balanced market in exactly 9 days.  By balanced market he means neither a Buyer’s nor Seller’s market.  As a statistician who tracks daily sails trends, he has noted the […]

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Mortgage Interest Tax Benefit – Is It Going Away?

This year Congress is exploring tax reforms to try to address the staggering deficits the country is facing and a $17 trillion in dept owed by the federal government.  The mortgage interest deduction that permits a homeowner to deduct up to $1 million each year in mortgage interest (presently available for buyers of owner occupant […]

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8 out of 10 Americans Say Owning a Home is a Good Decision

http://www.dsnews.com/articles/eight-in-10-americans-say-homeownership-is-good-financial-decision-2013-07-26 Media surveys confirm that most Americans hold a more positive view of the housing market while an increasing number of renters plan to purchase homes in the near future.   According to the 2013 NAR National Housing Pulse Survey, 80% said they believe buying a home at this time is a good financial decision….up 8% […]

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If Everyone Says it’s A “Seller’s Market”, How Can It Be A Good Time To Buy?

All indicators say that we are in a “Seller’s Market”.  What does that mean?  According to Michael Orr, Director of the Center for Real Estate Theory & Practice at the WP Carey School of Business at ASU, it is based on the age old Supply & Demand equation.  When Buyer Demand exceeds the number of […]

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Hope for Homeowners

We all have seen interest rates rising in the past weeks with 30-year fixed mortgages going up almost a full percentage point from the all time lows recorded about 6 months ago. Consumers (and REALTORS(R) are understandably concerned about how these rising interest rates are going to affect the real estate market. While there is […]

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