Real Estate News
Structural engineers get paid big bucks to design buildings strong enough to withstand the damaging impact brought on by Mother Nature’s fury. They use computer simulations to help them identify and mitigate stress-fatigue factors, which might contribute to the collapse…
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(MCT)—Many consumers applying for a mortgage are going to start sharing more personal information with lenders next year, like it or not.
FICO scores, the industry standard for determining credit risk in mortgages backed by Fannie Mae, Freddie Mac and…
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Greg Rand (@gsrand, CEO of OwnAmerica, and host of “Rand on Real Estate” on 770 WABC, discusses with a caller the reality that banks are not tightening their lending standards; they are just following the standard…
According to a recent report, the housing market recovery in Texas continues to outpace the reste of the county.The report in the Dallas Business Journal references comments made by Ted Dameris, an employee at the investment firm Highland Capital Management. Dameris cites the state's strong job sector, lower tax rates and a lower cost of living as reasons for the better recovery.
Nationwide, unemployment rates have remained at high levels, while subdued consumer spending and international...
According to recent housing figures released by the government, home prices have begun to take off, perhaps a result of the nation's low interest rates for mortgages.With rates more affordable, more homebuyers may have entered the market, which can drive up property prices. In Kansas City, for instance, prices grew by as much as 54.5 percent during the second quarter compared to 2010. In addition, prices in Detroit were up 39 percent, while Indianapolis' values jumped close to 28...
According to a list compiled by an online real estate company, Austin, Texas, is among the best regions nationwide to seek homeownership.The company's list was put together based upon several factors, including a region's job market size, the number of positions available in proportion to its population, the number of houses available, the time houses spent on the market, median home prices and the area's unemployment rate.
Washington, D.C. placed first, with 147 job postings per...
The Mortgage Bankers Association recently revealed that the number of home loan applications filed during the week ending September 2 decreased from the previous week.Overall, 5 percent fewer applications were filed on a seasonally adjusted basis during the week. Refinance and purchase activity both fell on adjusted bases as well, as 5.5 percent fewer refinance and 3.8 percent fewer purchase applications were filed.
The decline comes a week after applications grew 16 percent, as more homeowners...
A recent CNBC article explained that the prolonged decline of mortgage interest rate averages may soon come to an end.During the past several weeks, Freddie Mac has continued to reveal low interest rates for the nation's mortgages, which has made homeownership more affordable for many potential buyers. In some cases, fixed-loan rate averages have reached lows unseen in nearly 50 years.
However, banks may soon put an end to these rates, as the number of homeowners looking to refinance their...
According to a recent release from the Federal Reserve Bank of Dallas, the economy in Texas grew at a moderate pace during July, as employment and home sales expanded.At the end of the month, Texas gained 25,900 jobs following the creation of 33,000 in June. The employment total statewide through July was 10.58 million. However, the state's unemployment rate increased during the month, rising from 8.2 percent in June to 8.4 percent in July. The rate is still below the national average of...
Freddie Mac's latest Primary Mortgage Market Survey revealed new lows for interest rates on the nation's home loans.For the week ending September 8, the average rate for a 30-year fixed loan settled at 4.12 percent, down from 4.22 percent the previous week and 4.35 percent during the same week the year before. Rates for 15-year fixed loans averaged 3.33 percent, falling from 3.39 percent the week before and 3.83 percent the previous year.
Before these record lows, the previous...
