Survey: The 13-17-year-old generation buys online and consults 1,000 friends for every decision, but they’d give up modern luxuries in order to own a home.
Fannie Mae predicts a calm in the housing rebound as the nation waits for consumers’ incomes to increase enough to afford homes at today’s higher prices.
The number of active-adult housing buyers continues to grow. Builders say many must sell a home first, and as those sales pick up, they expect a spike in demand.
Federal Reserve survey: Homeowners build net worth four times faster than renters. In the past 15 years, the typical owner’s net worth is 31 to 46 times higher.
CoreLogic: Fla. ranked No. 1 nationally with 51% all-cash sales, and Cape Coral-Fort Myers topped the list: 61.2% of home purchases didn’t require a mortgage.
Fannie Mae nixed loan-to-value (LTV) requirements. All applications will soon have a four-year waiting period – two years with extenuating circumstances.
Congress appears to back an extension of terrorism insurance to protect commercial property, but passage isn’t assured, at least before the Nov. elections.