From RealTrends.com: A high-profile Senate bill that would dismantle Fannie Mae and Freddie Mac suffered a blow this week when key Democrats decided not to support the legislation, likely wiping out its chances of advancing to the floor this year.
Marion Skubi
Home Ownership Falls to 1990s Levels
From RealTrends.com: The U.S. home-ownership rate fell to the lowest level since the mid-1990s, according to a Census release showing that despite two years of recovery in the housing market there are still fewer home owners than before the recession.
47 Least Affordable U.S. Housing Markets
From RealTrends.com: RealtyTrac recently analyzed the affordability of renting and buying in 1,586 U.S. counties and found a surprising number of Americans living in markets that are unaffordable by traditional standards.
Freddie Mac: Mortgage Rates Reverse Course, Rise
From RealTrends.com: Mortgage rates inched higher after falling two weeks straight following an uptick in the 10-year treasury note and amid a week of soft housing data.
Private Capital is Returning to the Mortgage Market
From RealTrends.com: The spread between jumbo and conforming mortgages is shrinking. And that’s a good thing for the mortgage market. It means that private capital is coming back into the market, according to analysis from Capital Economics.
March 2014
March 2014 Sales YTD Avg List Price Avg Sale Price 2013 Sales Value of the Month Las Campanas 16 1,015,000 990,683 7 Northwest County 24 636,875 612,214 14 Northeast City 42 609,750 581,700 33 Tesuque 9 587,300 558,155 7 Santa Fe City 201 441,082 416,265 179 Santa Fe County (includes city) 390 431,955 412,200 341 … Read more
U.S. Housing Market Seeing Signs of a Spring Thaw
From RealTrends.com: In Indianapolis, an open house event tends to draw 10 people on a good day. But after the snowiest winter on record for the U.S. Midwestern city, prospective homebuyers were champing at the bit: 45 people came to an open house late last month, according to mortgage executive Greg Block.
Millions of Renters Say They Really Want to Buy a Home This Year
From RealTrends.com: Millions of Americans say they want to buy a home this year, but many won’t be able to, according to a new survey from Zillow. The reasons: Limited supply of homes, soaring prices and strict lending standards.
Real Trends Housing Market Report
From RealTrends.com: The REAL Trends Housing Market Report for February 2014 shows that housing sales declined by 0.8 percent from the same month a year ago. This is the worst result since the recovery began in September 2011. The annual rate of new and existing home sales for February 2014 was 5.547 million units down slightly from 5.590 million units sold in February 2013.
Housing Recovery Expected to Press on Despite Recent Volatility in Consumer Attitudes
From RealTrends.com: Fannie Mae issued the following corporate news release: Americans’ outlook on housing and the economy has fluctuated somewhat during the past few months, but the trend for most indicators remains positive overall, according to Fannie Mae’s February 2014 National Housing Survey results. Notably, respondents’ home price expectations climbed significantly in February – with 50 … Read more