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Recent Posts
- Bay Area adjustable-rate mortgages return as interest rates rise
- San Francisco’s Housing Market Is Cooling Faster Than Rest of the Region
- Housing Deconstructed Newsletter: Bay Area Housing Market Cooling Down, Burned Out House Listed for $765k, and SJ Offers RV Owners $500
- SF can follow Calgary and turn empty downtown offices into housing
- Bay Area ‘Western White House’ sells far below asking price
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Categories
Homes Millbrae Pages
Category Archives: Real Estate News
Fast Rising Mortgage Rates Are Dire For Housing
Hanson is predicting a 19 percent jump in contract cancelations for the home builders for sales made between December 2012 and June of this year. That is because 70 percent of homes sold in that time were not built yet, … Continue reading
Posted in Real Estate News
Tagged Adjustable Rate Loan, Cancelations, Chilling Effect, Contracts, Griel, Hanson, Home Builder, Home Builders, homes millbrae, Line Mortgage Applications, Loan Products, Long And Foster, Mortgage Rates, Northern Virginia, Open House, Prosperity Mortgage, Real Estate Agents, Realtor, Rewards, Rush, Shame
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Housing Sentiment Sours as Mortgage Rates Rise
“Prices have to be lowered, more cash must be put into the transaction in the form of a down payment or to buy down the interest rate in order to qualify for the same house price,” said Hanson. “Buyers must … Continue reading
Posted in Real Estate News
Tagged 11 Years, Adjustable Rate Loan, Affordability, Borrowers, Denials, Fannie Freddie, Fha, First Three Months, Hangover, Home Builder, Home Builders, Home Buyer, homes millbrae, House Price, Mortgage Delinquencies, Mortgage Rates Rise, New Construction, Nine Months, Processing Services, Sign Contracts, Tax Credit
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Housing Recovery Rides Rate Roller Coaster
“Last week mortgage rates retreated from a 23-month high as the Fed sought to reassure markets that the wind-down of the stimulus program would be gradual, and contingent upon strong improvement in economic fundamentals,” said Erin Lantz, director of Zillow … Continue reading
Posted in Real Estate News
Tagged Economic Fundamentals, Economic Recovery, Economy, First Time Home, First Time Home Buyers, Girard, Home Buyer, Home Purchases, homes millbrae, Lantz, Market Participants, Mortgage Marketplace, Mortgage Rates, Pace, Percentage Point, Place Applications, Purchasing Power, Rbs, Roller Coaster, Stimulus, Time Home Buyers
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Sales Soar as Manhattan Condos Kick Co-Op Prices
“They have may have re-financed, and they may have taken out a second mortgage,” said Jonathan Miller, CEO of Miller Samuel, a real estate appraisal and consultancy. “When they bought the home they may have figured out a way to … Continue reading
Posted in Real Estate News
Tagged Co Ops, Corelogic, Equity Position, Home Builders, homes millbrae, Jonathan Miller, Luxury Penthouse, Manhattan Condominiums, Manhattan Condos, Median Price, Mortgage Rates, Negative Equity, Optimism, Price Increases, Real Estate Appraisal, Residential Sales, S Market, Savvy Buyers, Scarcity, Second Mortgage, Willkie
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Pending Home Sales Soar 6.7 Percent to 6-Year High
“Even with limited choices, it appears some of the rise in contract signings could be from buyers wanting to take advantage of current affordability conditions before mortgage interest rates move higher,” said Lawrence Yun, chief economist for the Realtors. “This … Continue reading
Posted in Real Estate News
Tagged 100 Basis Points, Affordability, Buyers Advantage, Chief Economist, Choices, Conforming Mortgage, Continuation, Contract Signings, Contracts, Fixed Mortgage, homes millbrae, Limited, Mortgage Interest Rates, Mortgage Rates, Price Increases, Realtors, Rush, Soar
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