Real Estate Investors Daily » Market Information & News

Report says housing market recovery to be led by demand by investors for rental property

Dennis Norman — Thu, 17 May 2012 03:45:08 +0000

According to a new report, The Shifting Nature of U.S. Housing Demand, by The Demand Institute, average home prices will increase by up to 1 percent in the second half of 2012. By 2014, home prices will increase by as much as 2.5 percent. From 2015 to 2017, the study projects annual increases between 3 and 4 percent. This recovery will not be uniform across the country, and the strongest markets could capture average gains of 5 percent or more in the coming years. [...] Related posts:

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New home construction continues to show modest improvement

Dennis Norman — Thu, 17 May 2012 03:05:22 +0000

The U.S. Census Bureau and US Department of Housing and Urban Development (HUD) issued their report on New Residential Construction for April 2012 showing an increase in single-family home building permits from the month before of 1.9 percent and a 18.5 percent increase in new home starts compared to the year before. [...] Related posts:

New home construction activity continues to increase The U.S. Census Bureau and US Department of Housing and...
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Mortgage Rate Update; How does amortization work?

Robert Fishel — Wed, 16 May 2012 19:09:24 +0000

By committing to a mortgage loan, the borrower is entering into a financial agreement with a lender to pay back the mortgage money, with interest, over a set period of time. The borrower’s monthly mortgage payment may change over time depending on the type of loan (Fixed, ARM, Interest Only, etc.). However, for this article, we will address the typical 30 year fixed Principal and Interest loan program. So… [...] Related posts:

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Fed Reserve Governor Duke on the "Prescriptions for Housing Recovery"

Dennis Norman — Tue, 15 May 2012 19:20:59 +0000

Before you go getting too excited over my headline, I should point out that, even though Fed Reserve Board Governor Duke's presentation today at the National Association of REALTORS mid-year meeting in Washington D.C. was titled "Prescriptions for Housing Recovery", Governor Duke opened her remarks with "I wish I had such a prescription". She went on to say that it is difficult to think of a single thing that, by itself will generate a sustainable recovery in housing. She did say, however, that she saw some policies that will help reduce the shadow inventory of houses in the foreclosure pipeline as well as improve the availability of financing to potential home buyers. [...] Related posts:

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Minneapolis, Portland And San Francisco At Top of List of Most Bikeable Cities

Dennis Norman — Tue, 15 May 2012 03:42:58 +0000

According to Walk Score, the company that rates cities on how "walkable" they are, now has a "bike score" rating as well for cities. Coming in at number one with a bike score of 79 (the rating goes from 0 to 100) is Minneapolis followed by a tie for 2nd between Portland and San Francisco, both with a bike score of 70. [...] Related posts:

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Suspects in Multi-State Mortgage Fraud Scheme Charged in Chattanooga

News Desk — Sat, 12 May 2012 12:29:53 +0000

Joshua O. Dobson, age 34, of Kimball, Tennessee; and Paul E. Gott, III, age 39, of Jasper, Tennessee, appeared today in federal court before the Honorable Susan K. Lee, United States Magistrate Judge, on an indictment charging them with wire fraud in violation of Title 18, United States Code, Section 1343; and money laundering [...] Related posts:

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Mortgage loan delinquencies drop to lowest rate since 2009

Dennis Norman — Fri, 11 May 2012 16:35:32 +0000

More good news on the housing market! The national mortgage delinquency rate (borrowers that are 60 or more days past due) declined for the first 3 months of 2012, coming in at 5.78 percent according to a report issued by TransUnion. This is after increases in the delinquency rate in the prior 2 quarters and is the lowest rate since the 1st quarter of 2009. [...] Related posts:

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What cities have had the best recovery of the real estate market?

Dennis Norman — Thu, 10 May 2012 19:17:42 +0000

Finally, after several years of writing depressing things about the real estate market and housing industry, I'm getting to write some positive things lately! Well, to keep the party going, today I have a list of 10 towns in the U.S. that are leading the U.S. in terms of a housing market recovery according to the "Top Turnaround Town Report" from REALTOR.com. Seven of the top ten markets are in Florida, but the number 1 turnaround town in the U.S. according to the report is Phoenix-Mesa, Arizona where the inventory of homes for sale has fallen almost 50 percent in the past year while prices increased almost 27 percent during the same period. [...] Related posts:

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Report shows home prices stabilizing as result of improving balance between supply and demand

Dennis Norman — Tue, 08 May 2012 15:38:23 +0000

A report released this morning by CoreLogic, one of the nations leading providers of property information shows that home prices in the U.S. fell in March 0.6 percent from the year before and increased by 0.6 percent from the month before. Excluding distressed sales, month-over-month home prices increased for the third month in a row. If we take distressed sales out of the picture then the year-over-year home prices increased 0.9 percent. [...] Related posts:

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April rents up 5.6 percent from a year ago

Dennis Norman — Mon, 07 May 2012 17:33:05 +0000

In a report released by Trulia shows that, in April, rents were 5.6 percent higher than a year ago. Not surprising, the areas with the highest rent increases were those areas with increasing employment growth with Edison-New Brunswick, NJ at the top of the list with an increase of over 15 percent in rents. At the bottom of the list was Las Vegas. [...] Related posts:

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