Wednesday, February 22, 2012 |
A bright spot has appeared – with the lowest reading for loan delinquencies as a share of total loans outstanding in nearly three years. Take a quick look at this link to read more:
In 2010, 27% of first-time buyers received a gift from a friend or relative to use toward their down payment. That’s up from 22% in 2009 and 23% in 2005, according to statistics from the National Association of Realtors. Here is the link to read further:
http://www.marketwatch.com/story/dont-let-down-payment-gifts-hold-up-your-mortgage-2011-12-19
This analysis is helpful in explaining the strong correlation between home equity loans and remodeling over time. Take a look at the graphs and charts to get the full picture.
http://eyeonhousing.wordpress.com/2011/12/01/the-importance-of-home-equity-loans-for-remodeling/
Ever wonder about the different reasons for buying or building a “New” home versus an buying an older home? Check out this article for some of the benefits to buying or building NEW.
http://www.marketwatch.com/story/why-would-you-buy-a-new-home-2011-09-26
This action will reinstall higher conforming loan limits for the Federal Housing Administration (FHA) through the end of 2013. Do you understand how this affects you? Contact us directly if you have questions.
http://www.housingwire.com/2011/11/18/obama-signs-extension-for-higher-fha-loan-limits
Take a look at “new-housing under construction” figures and how they compare with past years activity in this informative link from Mortgage Daily News.
http://www.mortgagenewsdaily.com/data/housing-under-construction.aspx
Take a look at this interactive map from the California Association of Realtors. Simply click on the link below, then select the area you want information for.
http://www.car.org/marketdata/map
And you should know that 13,780 homes will sell today and 13,780 homes will sell tomorrow. What are these numbers?
Well, according to the National Association of Realtors’ (NAR) most recent housing report, this number represents the average number of homes that are being sold EVERY DAY. Pretty powerful if you look at the numbers.
http://kcmblog.com/2011/09/26/13780-homes-sold-yesterday/
