Home-Equity Wealth Makes a Comeback
Home prices have risen significantly throughout the nation since the 2011 trough in the housing cycle. The Home Price Index has recorded a 40 percent rise in the national index since the trough, with some areas up more sharply and other markets showing a more subdued bounce back.One outcome of the broad geographic recovery in […]
U.S. Economic Outlook: July 2016
For most of the last 25 years, large annual swings in home mortgage originations have been common, driven by a refinance boom-and-bust cycle. And while refinance will continue to be an important segment of the market, home purchase is expected to dominate the lending landscape in the coming years. What this means for the lending […]
Home Prices Up 6.2%.
Southern California home prices continued to outpace the national average, and many major cities, said the S&P/Case-Shiller Home Price Index released Tuesday. Prices nationally, adjusted for seasonal variation, rose 5.2 percent in the 12 months ended in March, with the Pacific Northwest and West seeing the biggest gains. San Diego County’s median home price increased […]
Comparing the Real Cost of Owning Property Across the United States
Comparing the Real Cost of Owning Property Across the United States Illinois has the highest property tax rate in the U.S., Hawaii has the lowest The accurate estimation of the amount of property taxes in any given area throughout the country is a challenging task due to the complexity and heterogeneity of property taxation in […]
Proof the housing market can survive a Fed interest rate hike
The reason behind the drop in mortgage apps Although mortgage applications significantly tumbled this week, the Federal Reserve’srecent interest rate hike is not to blame, according to a new report from Capital Economics. Capital Economics originally forecasted back in December that the housing market could withstand a rate hike, with this new Mortgage Bankers Association report giving early evidence that it was right. […]
