Is This What Will Push Millennials Into the Housing Market?

The federal agencies tasked with boosting homeownership may have finally found their silver bullet when it comes to getting first-time and millennial home buyers off the fence. Earlier this year, the Federal Housing Administration began reducing private mortgage insurance (PMI) premiums on its loans by an average of $900 a year. While the FHA loans[…]

Is Real Estate Really the No. 1 Investment Right Now?

We know: You’re getting mixed messages. Homeownership is at record lows. But so are mortgage rates (even though some mortgages are harder to come by). Prices are inflated in some markets. Still, real estate edged out cash (the 2013 and 2014 pick) in a survey of investments Americans would park their money in over the next decade. Bankrate.com, which says Americans[…]

Existing-Home Sales Rise in June as Home Prices Surpass July 2006 Peak

WASHINGTON (July 22, 2015) — Existing-home sales increased in June to their highest pace in over eight years, while the cumulative effect of rising demand and limited supply helped push the national median sales price to an all-time high, according to the National Association of Realtors®. All major regions experienced sales gains in June and[…]

Number of Properties With Equity Is Rising While Total of Underwater Homes Declines

Approximately 254,000 properties regained equity in the first quarter of 2015, bringing the total of residential mortgaged properties with equity nationwide up to 44.9 million – approximately 90 percent of all mortgages, according to data released by CoreLogic on Tuesday. While more than a quarter of a million homes regained equity during Q1, the percentage[…]