December 9, 2014 10:21 am
Yesterday, HousingWire reported
that both Fannie Mae
and Freddie Mac
formally announced their 3% down options on home purchases. Fannie Mae
’s plan will be effective December 13, 2014 while the Freddie Mac
plan will be available March 23, 2015.
December 8, 2014 10:21 am
’s Diana Olick recently reported
that rents in the residential housing sector continued to rise in 2014. She interviewed Jed Kolko, Chief Economist at Trulia,
"Rents are rising because of strong demand that supply hasn't kept up with. Nearly all the new households are renters, and young people moving out of their parents' homes will keep fueling rental demand."
December 6, 2014 10:21 am
December 5, 2014 10:21 am
December 4, 2014 10:21 am
There are some who are calling for a substantial drop in home prices should mortgage interest rates begin to rise rapidly. Intuitively that makes sense. The cost of a home is determined by the price of the home and the price of financing that home. If mortgage interest rates increase, less people will be able to buy. The logic says prices will fall if demand decreases.