Market Statistics

Market Statistics

Closing a New Generation Gap in real estate based on Baby Boomers

Economists who predict underperformance in real estate based on Baby Boomers downsizing are overlooking another huge demographic trend. Each day about 8,000 baby boomers turn 65, and many of them wish to downsize. Given the smaller size of the Generation X or baby bust generation (those born
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From Negative Equity 2.5M Mortgages Emerge

More home owners are edging above water with their mortgages: 2.5 million U.S. properties emerged from underwater or negative equity in the second quarter, according to CoreLogic. The total number of residential properties with a mortgage with equity stands at 41.5 million. However, some home
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5 questions to help you choose between a 30-year mortgage or 15 – Part 6

Do you have a strict savings plan? Choosing a 15-year mortgage over a 30-year mortgage also may be a worthwhile choice if you are not a disciplined saver. But many people may lack the discipline needed to save long-term, Cecala noted, especially in amounts that would offset what they would save
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5 questions to help you choose between a 30-year mortgage or 15 – Part 5

Are you planning on retiring soon? How close a borrower is to retiring plays a major role in whether to take out a 15-year mortgage. Typically, borrowers who take 15-year mortgages are at least 40 years old, according to Cecala. These borrowers are often willing to pay off the balance on their
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5 questions to help you choose between a 30-year mortgage or 15 – Part 2

Can you afford to pay off the mortgage in 15 years? Although a 15-year mortgage offers a lower rate relative to a 30-year mortgage, thereby allowing borrowers to pay interest for only half as long, a 15-year mortgage comes with a higher total monthly payment. This is because the principal must
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For some it’s easier to get a mortgage

Make no mistake: Mortgage credit is still very tight by historical standards, and only borrowers with the most pristine credit and healthy down payments can get the lowest rates. But there are signs that the noose is loosening, if only slightly, in response to lower mortgage volume. Volume has
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Homes Sales Fall As Housing Becomes Less Affordable

Well it shouldn’t necessarily come as a surprise. Sales of previously owned homes fell 1.9% in September from a month earlier, according to the National Association of Realtors, as the summertime spike in mortgage rates pressured activity and housing affordability
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Prices for Housing in U.S. Cities is on the Rise

Home prices in 20 U.S. cities rose in August from a year ago by the most since February 2006 as stronger demand boosted values. The S&P/Case-Shiller index of property prices in 20 cities increased 12.8 percent from August 2012, more than forecast, after a 12.3 percent gain in the year ended
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10 cities with the highest rent spikes in 2012

Home prices might still be recovering, but the price of rentals has skyrocketed in these cities. Houston, TX Year-over-year rise: 16.8% Vacancy rate: 3% Median monthly rent: $1,270.50 They say all things are bigger in Texas. And now Texans can include what they pay for rentals. Oakland,
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5 Types Of Buyers Will Be Rushing Into The Housing Market In 2013

With the housing market bottoming in 2012, economists and other experts are becoming increasingly optimistic about the U.S. housing market in 2013. From John Burns Real Estate Consulting: "Assuming our leaders in DC come to some sort of agreement that keeps the economy growing and interest rates
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