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Housing Affordability Rises, But Mortgage Access Falls

Housing is cheaper than at any point in the last 35 years, but mortgages are harder to get than at any point in the last 15 years, according to new research from Zillow.com, as reported by the Wall Street

Fannie Mae and Freddie Mac Release Delinquency Rate Reports

According to Fannie Mae, the serious delinquency rate decreased to 4.44 percent in February from 4.45 percent in January. This is a decrease from a high of 5.59 percent in February 2010. Freddie reported the delinquency rate decreased to

Affordable Rental Properties Now Harder to Find

According to a report released Tuesday by the Harvard Joint Center for Housing Studies, a large number of renters are allocating more than half their income to

March Pending Home Sales Up 5.1 Percent

According to a report released this morning by the National Association of Realtors, pending home sales increased 5.1 percent in

“Jumbo” Mortgages Could Change Their Rules

Beginning on Oct. 1, the government will dial back on the size of mortgages it guarantees in high-cost areas like San Francisco, New York and Washington. After that deadline, the maximum loan amount that Fannie Mae and Freddie Mac

Homeownership Rates Drop; Rental Demands Increase

The homeownership rate dropped to 66.4 percent in the first quarter, the lowest level since 1998, according to the Census Bureau. The rate is down from last year’s 67.1 percent, and a single basis point dip from the previous

IMF Does Not Support the Mortgage Interest Deduction

The International Monetary Fund believes the U.S. should consider cutting the popular tax deduction for mortgage interest, according to the Wall Street

Top and Bottom of Housing Market Showing Improvement Slowly in 2011

While recent home prices and sales haven’t been strong, the top and the bottom of the housing market is doing just fine according to Builder’s Pulse. Those with a decent income are keeping the upper market afloat, paying large

Texas Metropolitan Home Prices Fall 1.2 Percent from 2010

Prices of single-family homes declined in 20 metropolitan areas by 0.2 percent from January to February, according to the S&P/Case Shiller composite index released today. This decrease places the current composite index of 139.7 just slightly above the 2009

Pew Research Says Homeownership Still Best Investment

The housing crash seems to have had little impact on consumer confidence, as 81 percent of adults believe buying a home is the best long-term investment a person can make. According to a report by Pew Research released this

Dallas Fed Says Texas Housing Market Still Going Strong

According to the Federal Reserve Bank of Dallas, a combination of stable home prices and few exotic loan products has kept Texas’ economy from plunging into the farthest pits of the

FHA Starts a Pilot PowerSaver Program

U.S. Housing and Urban Development (HUD) has selected 18 national, regional and local lenders to participate in a new two-year pilot program. The program will offer qualified borrowers, in certain parts of the country, low-cost loans if in turn

Home Resales Fell 10 Percent Last Month

According to a report Wednesday from the Austin Board of Realtors, home resales in central Texas fell 10 percent in March compared to a year ago. Based on this information, the month of April will not be much

Home Sales Increase 3.7 Percent Across the U.S.

According to the National Association of Realtors (NAR) the number of existing-home sales has risen 3.7 percent between February and March. The numbers are still lower than they were a year-ago due to buyers having problems with obtaining mortgage

Sale Expectations Fell This Month for Builders

Sales expectations for homebuilders dropped in April 2011, as reported by Bloomberg today. The National Association of Home Builders/Wells Fargo sentiment index is currently at 16, a drop of one point since March, which reflects a poor outlook for

Remodelers Expect Market Gain During 2011

The latest National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) edged up to 41.5 in the fourth quarter of 2010, compared to 40.8 in the third quarter. An RMI below 50 indicates that more remodelers say market

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