Rising home prices are taking a toll on today’s home buyers. For the first time in 4 quarters — and despite falling mortgage rates — home affordability is sinking.
Archives for August 2012
Mortgage Standards Stop Tightening; Lending Soon To Loosen?
August 20, 2012 by Leave a Comment
As another signal of an improving U.S. economy, the nation’s biggest banks have started to loosen mortgage lending standards.
Closing At The End Of August? Plan Ahead For Labor Day Weekend.
August 17, 2012 by Leave a Comment
Planning to make a late-August purchase closing? Keep an eye on your calendar. The last Friday of the month coincides with Labor Day Weekend, which may make for a complicated, end-of-month closing.
Home Purchasing Power Jumps To New Highs
August 3, 2012 by Leave a Comment
With mortgage rates down to all-time lows, you can buy a lot more home for your money these days. Home affordability is at an all-time high.
Revisiting Housing Market Predictions For 2012
August 1, 2012 by Leave a Comment
Analysts made bold calls at the start of the year about the housing and mortgage markets. How good were their predictions?