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Tag Archives: housing

Hidden Tax For Short-Sellers?

Down-on-their-luck homeowners who avoid foreclosure through short sales or loan forgiveness could owe the IRS big bucks because partisan wrangling is holding up extension of a popular tax break designed to help them. “We’re talking about people who are financially ... Read More »

Average 30-Year Mortgage Rate at 4.17 Percent

Average U.S. rates on fixed mortgages eased slightly this week, remaining near historic lows. Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year loan declined to 4.17 percent from 4.20 percent last week. The average for the ... Read More »

Commercial Real Estate Market Shows Signs of Improvement

The outlook for all of the major commercial real estate sectors is slightly improving across the country despite disappointing economic growth during the first quarter of 2014. According to the National Association of Realtors quarterly commercial real estate forecast and ... Read More »

Millennials Account for Nearly One-Third of Recent Home Purchases

The numbers are in: Millennials – those age 33 and younger – take the top spot as the largest group of recent homebuyers in the U.S. According to the 2014 National Association of Realtors Home Buyer and Seller Generational Trends ... Read More »

Housing Shortages in the Future?

New home construction activity is currently insufficient in most of the U.S., and some states could face persistent housing shortages and affordability issues unless housing starts increase to match up with local job creation, according to new analysis by the ... Read More »

Economic Concerns Slow Home Purchases

A combination of rising home prices, higher mortgage rates and general economic concerns seem to be restraining Americans from taking part in the spring and summer home-buying season. In May, 68% of Americans thought it was a good time to ... Read More »

Housing Activity in Some Areas Getting Back to Normal

Nationwide, 56 of 350 metro markets returned to or exceeded their last normal levels of economic and housing activity in June, according to the National Association of Home Builders’ First American Leading Markets Index. Year over year, this represents a ... Read More »

FHA’s New Plan Means More Credit Available to Borrowers

The Federal Housing Agency is taking steps to expand access to mortgage credit for underserved borrowers. Department of Housing and Urban Development Secretary Shaun Donovan told a gathering of the National Association on Realtors May 13 that lending to potential ... Read More »