Tag Archives: Home Affordability

Home builders boost prices amid rising rates

Mortgage rates jumped over a full percentage point from May through June of this year, robbing home buyers of much-needed purchasing power. While they have now settled back a bit, they are far from the record lows of the past … Continue reading

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Deep Freeze: Home Sales Barely Budge in Spring

“Only new home construction can genuinely help relieve the inventory shortage, and housing starts need to rise at least 50 percent from current levels,” said Lawrence Yun, chief economist for the National Association of Realtors in a release. “Most local … Continue reading

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Deep Freeze: Home Sales to Barely Budge in Spring

“Only new home construction can genuinely help relieve the inventory shortage, and housing starts need to rise at least 50 percent from current levels,” said Lawrence Yun, chief economist for the National Association of Realtors in a release. “Most local … Continue reading

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Housing’s Recovery Means Fewer Can Afford Homes

Rising home prices are not the only factors hitting home affordability. Fees charged to lenders by Fannie Mae and Freddie Mac (known as “guarantee fees” for bundling and selling mortgages) began rising dramatically in the past month and are now … Continue reading

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Bay Area Mortgage Broker Highlights Record-Low Interest Rates for First-Time …

Bay Area mortgage broker AccessBanc recommends first-time homebuyers take advantage of historically low interest rates. San Jose, CA (PRWEB) March 09, 2012 First-time homebuyers are finding their dreams of owning a home more realistic than ever. A stronger job market … Continue reading

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