Friday, July 31, 2015

Home Ownership Dips to Lowest Level in Almost 50 Years

The U.S. homeownership rate fell to 63.4 percent in the second quarter of 2015, according to the U.S. Census. That is down from 63.7 percent in the first quarter and from 64.7 percent in the same quarter of 2014. It marks the lowest homeownership rate since 1967.
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Thursday, July 9, 2015

Guess Who Won't Be Able to Buy a Home If Interest Rates Keep Rising

Mortgage rates hit a 2015 high when the national average rate on a 30-year fixed-rate mortgage hit 4.08% earlier this week, according to Freddie Mac's weekly survey. That's lower than where the U.S. average was at this time last year (4.12%), but home loan pricing (rates, loans and fees, taken together) has been on the rise for most of 2015, pushing homeownership out of reach for many Americans, as the cost of a mortgage creeps up.
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LOCATION means everything, but I think this home would probably be perfect almost no matter where it was? With that said, let's leave it right where it is, shall we?


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Tuesday, July 7, 2015

Big investors buy fewer homes but see bigger gains

Some credit them with saving the housing market. Others blame them for taking advantage of a crisis
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