The Experts You Can Trust
The Wall Street Journal posted this question: Should first-time home buyers consider jumping into the market? Eric Lascelles, chief economist at money-management firm RBC Global Asset Management Inc., told the Wall Street Journal that now is the best time to become a first-time home buyer. Lascelles said that while the housing market, in general, is …
Is Today the Right Moment to Become a First-Time Home Buyer? Read More »
Lender Processing Services, Inc. (LPS), a provider of data and analytics to the mortgage and real estate industries, recently released its March “Mortgage Monitor” report showing foreclosure sales at its lowest since December 2010. LPS data shows that foreclosure sales in March totaled 67,890, down by 8.5% on a monthly basis. The report of LPS …
March Foreclosure Sales Lowest Since December 2010, LPS Reports Read More »
Most Americans favor buying a home to renting, this according to the latest quarterly national housing survey conducted by Fannie Mae. Across all education levels, across all demographic groups and across all income groups, Americans say that owning a home makes more sense than renting. “The survey finds that despite the recent housing crisis, most …
Most Americans Prefer Buying a Home to Renting, Survey Shows Read More »
Freddie Mac released last Thursday its “Primary Mortgage Market Survey” showing that fixed mortgage rates hit new all-time record lows — signaling that homebuying affordability is high. The 30-year fixed mortgage rate averaged at 3.84 %, down from the prior all-time record low of 3.87% recorded on February 9, 2012. The 15-year fixed mortgage rate …
The Department of Commerce’s Census Bureau released last Monday the latest U.S. homeownership data. According to the Census Bureau, homeownership rate plunged to the lowest level in 15 years in the 1st quarter of this year. The homeownership rate fell 65.4% from 66% in the 4th quarter of last year. This is the lowest level …
U.S. Homeownership Rate Plunges to Lowest Level Since 1997 Read More »