The supply of buildable lots is shrinking. Which has prompted home builders to return to the abandoned lots left behind during the housing crisis in efforts to revive dwindling inventories of homes for-sale, The Wall Street Journal reports. A surplus of vacant lots and half-built subdivisions still ... » Learn More about Builders Go back to Once-Abandoned Ventures
2017 Housing forecast
Will Fed interest rate increases raise rates on mortgages?
The Federal Reserve hiked short-term interest rates last Wednesday in a move largely predicted by economists, and it also suggested that three more additional increases could occur in 2017. So how exactly does this affect rates on mortgages. Will Fed interest rate increases raise rates on ... » Learn More about Will Fed interest rate increases raise rates on mortgages?
Restricted Inventories to Squeeze Potential Buyers Through ’20?
Real estate buyers face narrow options trying to find homes in several markets, and will continue to face constrained inventories for a minimum of four more years, writes Lawrence Yun, the chief economist for the National Association of REALTORS®, in his latest column at Forbes.com. Restricted ... » Learn More about Restricted Inventories to Squeeze Potential Buyers Through ’20?
HAMP out and new foreclosure reduction put in
Freddie Mac announced that the Freddie Mac Flex Modification foreclosure prevention program will replace the Home Affordable Modification Program or HAMP that expires at the end of 2016. Both programs were designed to assist at-risk families reduce their monthly mortgage payments. HAMP out and ... » Learn More about HAMP out and new foreclosure reduction put in
It’s a great time for move-up buyers to sell
Smaller homes have seen significant price growth over larger ones, and that means some homeowners may be sitting on a lot of equity - a lot more than they might realize. With rates on mortgages still low by historical standards but anticipated to edge up soon, homeowners with equity in their current ... » Learn More about It’s a great time for move-up buyers to sell