Tag Archives: Purchasing Power

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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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

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Corelogic: There is no housing bubble

Rising mortgage rates will help to temper the possibility of a bubble as well, but they will not cut into demand dramatically, as some have predicted, according to Fleming. “Buyers buy based upon payment, and those payments are still highly … Continue reading

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Home price gains not enough for a ‘bubble’ say economists

Rising mortgage rates will help to temper the possibility of a bubble as well, but they will not cut into demand dramatically, as some have predicted, according to Fleming. “Buyers buy based upon payment, and those payments are still highly … Continue reading

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Apartments reap rewards of rising rates

“I am scared, in part due to the fact that my father and mother had a lot of problems with their mortgage and due to the job market,” said Charles Desanpedro Jr., a renter in Northern New Jersey. (Read More: … Continue reading

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