Blog Archives
Home Ownership Still The Core of The American Dream
- Oct
- 11
Ownership Costs Are Dropping Below Rental Costs!
- Oct
- 11
The recent downturn in the housing market resulted in a drop in rental rates, but rents are back on the rise while the cost of home ownership has dropped.
As the chart below indicates, as average apartment rental rates have slightly decreased, the decline has been moderate in comparison to home values, which have declined nationwide by 30 to 40 percent since the peak of the housing boom. (more…)
read moreLenders Are Back In The Game
- Oct
- 11
The subprime mortgage crisis brought underwriting standards back into the mortgage origination process. And while the final quarter of 2009’s financial meltdown led to a sense that financing had dried up, mortgage funds are now available.
“If you have a job and can afford the payment, chances are you’ll qualify for a mortgage,” says David Reed, a mortgage banker and author of Mortgage Confidential: What You Need to Know That Your Lender Won’t Tell You. (more…)
read moreSellers Are Still Motivated
- Oct
- 11
Prices Are Trending Back Up!
- Oct
- 11
Every major price index points to a housing market that has hit bottom and is moving in a positive direction. After 30 months of declining values, home prices appear to be stable or appreciating in nearly every U.S. market. In August of 2010, the median home price was $182,600, amounting to an 11 percent increase over the low that was reached in February of 2010 at $164,000. (more…)
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