Mortgage News Daily – Apr 23 2015 by: Jann Swanson Apparently all is forgiven and forgotten and Americans are again embracing real estate as more than just shelter. For the second year in a row a Gallup telephone survey conducted in April found Americans think it is the best kind of long-term investment. Investing in
Bloomberg News – August 13, 2015 “Americans living in rentals spent almost a third of their incomes on housing in the second quarter, the highest share in recent history. Rental affordability has steadily worsened, according to a new report from Zillow Group Inc., which tracked data going back to 1979. A renter making the median income
A timely article from National Association of Realtors. “Existing-home sales jumped in March to their highest annual rate in 18 months, while unsold inventory showed needed improvement, according to the National Association of Realtors®. Led by the Midwest, all major regions experienced strong sales gains in March and are above their year-over-year sales pace.”
From Bloomberg, Dec 30, 2014 U.S. renters paid $441 billion for apartments and houses this year, a $20.6 billion increase, as fewer Americans owned their homes and landlords with tight inventories raised leasing charges, Zillow Inc. (Z) said today.
Federal Reserve policymakers said they could begin raising interest rates before inflation starts to pick up, according to minutes of their Dec. 17-18 meeting. However, the Fed officials added that “they would want to be reasonably confident that inflation will move back” toward the Fed’s annual 2% target “over time.”
Bloomberg: U.S. Mortgage Rates Fall With 30-Year at an 18-Month Low: Mortgage rates in the U.S. declined, keeping borrowing costs at the lowest levels since May 2013.
The Senate recently approved a bill that would retroactively extend over 50 expiring tax provisions for one year, including one that shields distressed homeowners from paying taxes on any mortgage debt forgiven in a short sale.
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