The federal gov’t wants more low-income borrowers to qualify, and it has a plan: 23% of loans originated by Fannie and Freddie will go to low-income buyers.
KPMG survey: Almost two in three (68%) expect to increase capital spending in 2014, up from 60% last year; 44% find quality projects but insufficient returns.
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.
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.
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.
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.