Tweet The housing market may yet be the proverbial tortoise. Month after month — slowly and surely — data proves what REALTORS® have known for six months. The bottom is behind us. The market is returning. Click here to get mortgage rates. New Construction Grows Steadily, Consistently In the housing market — as with other [...]
Tweet Maybe low rates matter after all. After months of near-4 percent mortgage rates, a bevy of housing data all points to the same conclusion — the housing market recovery is underway. Click here to get a rate quote. Pending Home Sales Index : +10% In October After 3 months of slow, steady fade, the [...]
Tweet The housing market appears to have bounced off its bottom. A firm recovery is already underway. Detroit Leads The Housing Recovery Standard & Poor’s released its latest Case-Shiller Index this week. It showed that, on an monthly basis, half of the tracked markets improved between July and August. On an annual basis, however, just two [...]
You can’t always believe what you read. Non-Helpful Housing “Facts” Newspapers get a lot of things right. Sometimes, however, in an effort to share all of the available facts, the “relevance” factor gets left by the wayside. This can be particularly true for real estate news. Real estate is bought and sold in local real [...]
Today we bring you an interview with Dr. Housing Bubble, whose blog promises to take a critical look at the policies that have created one of the largest asset bubbles ever known to mankind and whose mission is to provide a candid account of what is going on in today’s housing market. Below, Dr. Housing Bubble [...]
Housing boom and meltdown – Is tax credit helping the meltdown? During the housing boom, I was living in California and working in a software firm. I used to wonder how people that have similar income like me could afford half a million dollar house but I never investigated. I had a brief consulting work [...]
Last week, the Mortgage Bankers Association (MBA) released its quarterly statistics for delinquency and foreclosure. Depending on one’s interpretation, the stats show both a stabilizing in the housing market and the possibility for a further drop in prices. Overall, an estimated 13.5% of mortgages are either delinquent (at least 30 days late) or are in [...]
Those of you who already thought the case on what caused the housing bubble had already been closed, can certainly be forgiven. After all, two years have passed, and numerous articles have already been written. (I profiled two of them here and here on this very blog, which asserted that the bubble was caused by [...]
Welcome to my blog. I’m glad you’re here. Get notified by email when I write something new on The Mortgage Reports. Click here for free email alerts or subscribe to the RSS feed in your browser. For the first time in more than 8 months, there’s a dent in the housing market. Housing Starts Fall [...]
Increase in mortgages indicates end of recession for housing market The amount of approved home-loans hit a 17-month high last month, which has sparked new claims that the housing market is emerging from recession. Figures from the British Bankers’ Association (BBA) showed that in July, banks approved 38,181 mortgages, up 2,617 compare to the previous [...]
