More Americans are renting now than at any time during the last half century – largely because many simply can’t afford a mortgage payment on the average home
Canadian buyers help drive a 49% surge
Real estate needs a pick-me-up, something of a surprise considering that home values remain below 2007 prices and mortgage rates continue to hover around 4%.What can we do to perk-up the housing sector? One answer might be help from the Federal Reserve.
A man who purchased a Cape Coral, Florida, home at an auction made an appalling discovery in his newly acquired property.
The latest senior loan officer survey reports majority of banks are still hesitant about residential lending, and specialized non-bank companies have been stepping in to fill the void. However, the group has started to ease up on commercial real estate lending standards.
October's unemployment rate declined to 5.8%, but job creation missed expectations. Meanwhile, increasing realization is spreading that the Fed and other central banks cannot heal all problems; a message that is way past due.
The billionaire set a skyrocketing foreclosure rate last quarter through a company he is chairman of, Altisource Residential.
The big bank, which is accused of certifying more than 6,000 ineligible FHA-insured mortgages, is hoping to resolve the lawsuit with the U.S. government.