Trulia considers a home affordable for a median income buyer in a given market if total monthly costs — including mortgage, insurance and property taxes — after a 20 percent down payment are less than 31 percent of a region's median household income. -- John Morgan in MoneyNews
http://www.moneynews.com/Economy/home-affordable-middle-class-housing-markets/2014/05/14/id/571305/?
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The latest FNC Residential Price Index (RPI) shows U.S. home prices continue to rise, up another 0.6 percent from February to March. Constructed to gauge the price movement among normal home sales exclusive of distressed properties, the index increased 1.3 percent during the first quarter. The index’s year-over-year growth remains steady at about nine percent, which is largely unchanged since December. -- National Mortgage Professional Magazine http://nationalmortgageprofessional.com/news49079/Moderate-Non-Distressed-Home-Sales-Continue-Drive-Prices-Higher?
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Shared by M. Friedrich, Belgien, Brugge
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Every place that needs more housing is in an energy producing location. -- Sarah Wheeler in ReWired http://www.housingwire.com/blogs/1-rewired/post/30032-build-here-6-places-that-desperately-need-more-housing
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Among metropolitan statistical areas with a population of at least 500,000, those with the biggest annual increase in share of institutional investor purchases were Baton Rouge, La., (up 131%), San Francisco (up 92%), McAllen, Texas (up 62%), Allentown, Pa., (up 49%), and Omaha, Neb., (up 49%).
Other major metro areas with an annual increase in the share of institutional investor purchases included Dallas-Fort Worth (up 45%), Miami (up 8%), Atlanta (up 38%), Minneapolis (up 8%), Tampa (up 17%), San Antonio (up 25%), and Las Vegas (up 24%). -- Trey Garrison in HousingWire http://www.housingwire.com/articles/30030-where-is-all-that-investor-and-all-cash-action
-----------------------------------------Shared by Xalima Miriel, The Alcántara Bridge is a Roman bridge, built between 104 and 106, was built in honor of the Roman Emperor Trajan, his engineer was Gaius Julius Lacer. Spain.
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Just last week mortgage rates hit a six-month low of 4.2%. -- Trey Garrison in HousingWire
http://www.housingwire.com/articles/30043-maps-show-exactly-what-happened-after-the-housing-crash
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Low mortgage rates have cut the cost of borrowing, driving down the interest that Americans pay on home loans to the slowest pace in almost 14 years. But that doesn’t mean that families are splurging. And despite a run-up in home prices over the past year, few are pulling cash out of their homes and credit-card debt is continuing to tumble. -- Market Watch in HousingWire
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Shared by Dieter Birr, Church in Pforzheim
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Nat'l Real Estate Post: We know the VA is in the news for not such good reasons right now.... But they’re also improving the VA home loan experience for the lenders and the real estate agents out there. Keep in mind that VA loans have no down payment required, no PMI and very reasonable underwriting. http://thenationalrealestatepost.com/va-snubs-cfpb-on-qm/?
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Single-family housing starts rose 0.8 percent to a seasonally adjusted annual rate of 649,000 units in April. Meanwhile, multifamily production jumped 39.6 percent to a seasonally adjusted annual rate of 423,000 units - their fastest pace since January 2006. -- National Mortgage Professional Magazine http://nationalmortgageprofessional.com/news49098/Total-Housing-Production-Rises-13.2-Percent-April-Led-Multifamily?
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Shared by M. Friedrich, Belgien, Brugge
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Here’s why there aren’t any houses to buy -- Brena Swanson in HousingWire http://www.housingwire.com/articles/30049-heres-why-there-arent-any-houses-to-buy
----------------------------------------4 housing bills that could make mortgage lending much easier
Regulatory streamlining, QM, exemptions for small lenders go to floor
--Trey Garrison in HousingWire
http://www.housingwire.com/articles/30088-housing-bills-that-could-make-mortgage-lending-much-easier----------------------------------------
Shared by M. Friedrich, Dusseldorf Saucer
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Nat'l Real Estate Post:
The bottom line is they say that kids are very influential on certain generations of parents when it comes to making their home buying decision. http://thenationalrealestatepost.com/kids-influencing-home-purchases/?
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Interesting charts on housing prices. -- Trey Garrison in HousingWire http://www.housingwire.com/blogs/1-rewired/post/30087-this-one-chart-explains-exactly-whats-wrong-with-housing-sales
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