2016 Mortgage Loan Limits to Stay in Place

Mortgage loan limits will largely stay in place for 2016, a decision which is unlikely to ruffle feathers in the real estate. Here’s why.

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Mortgages – Why Rising Home Prices are Good for Borrowers

Home values are rising and that’s good news for mortgage borrowers. Here’s why.

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The Bel Air estate of the late great Zsa Zsa Gabor went up for sale last week for $15 million, according to Forbes magazine, which has photos of its over-the-top interior. You will just adore the panoramic view of the L.A. skyline. With 20 percent down and a 30-year... Read more
In the current housing market, you might be wondering whether it’s better to buy a newly-constructed home or one that has a few (or more) years of wear and tear – especially since some home builders, eager to move their supply, are offering to throw in flat-screen televisions or... Read more
Major remodeling projects can add to your home’s value, but in recent years, as the economy tanked, many homeowners cut back on remodeling expenses. Some home improvement forecasters, such as the folks over at the Harvard University’s Joint Center for Housing Studies, predict an upswing in projects this Spring,... Read more
We continue to see a free-fall of home prices, which have now decreased for ten straight months when measured year-over-year. The S&P/Case- Shiller 20-city index for February marked a 3.3% decline in home prices from February 2010 – the largest year-over-year decline since November 2009. This places us just... Read more
Each month we report on the S&P Case Shiller results and the latest graph below says a lot when evaluating trends; Year-over-Year the aggregate 20 Major Metro areas reported a gain of just 1.7% A majority of changes year-over-year are now only small decreases of between 0-7% Month-over-Month we declined…again Using our... Read more
Housing Starts and Building Permit results are not shocking or exciting  as we have seen with foreclosure news recently but this Commerce Department data provides perspective on the future of housing.  From the graph below, you can see this is the best result we have had since April’10 for Housing Starts. The lower... Read more
Today’s release of Pending Home Sales represents the number of contracts to purchase existing homes. It showed an increase of +4.3% month-over-month which, although positive, is still -18.4% lower than a year ago. These results are a precursor to the “Existing Home Sales” data to be released on Oct 25th,... Read more
This morning’s release of the S&P Case Shiller Home Price Index showed only a small increase month-over-month (+0.65%) and  it was directionally on target with what was expected. These results are derived from a lagging three month average. Much of the lasting positive influence of the tax credit from... Read more