The Canadian Real Estate Association thinks residential property prices could increase by as much as 9.3% this year due to a strong domestic economy and continued interest from international buyers.
Current Politics to Change Mortgage & Real Estate Markets
December 21, 2011 by
As the nation is trying to handle the ongoing fallout of the housing bubble, the United States government is considering a number of changes in how we treat residential mortgages. Although there are countless ideas under consideration, three stand out as being both popular and conceivably able to pass. They will all have different effects on both home buyers and home owners.
Owning Is Cheaper Than Renting, So Why Aren’t More People Buying?
November 28, 2011 by
The cost of owning a home is now at its lowest point for 15 years, and is often less expensive than renting. A recent survey for the Wall Street Journal found it was more expensive to rent than buy a median priced property in 12 metro areas, even when taking into account taxes and insurance. [...]
US Housing Inventory Struggles with Lack of Attractive Homes
October 18, 2011 by
The US Housing inventory is finally falling after years of an oversupply of homes, but unfortunately this isn’t good news, and as a report in the Wall Street Journal points out it just highlights yet another problem, which is the lack of attractive homes for sale. At the end of September there were over 2.19 [...]
Lower Interest Rates Meaningless For Housing
October 10, 2011 by
Now that we’ve reached the lowest mortgage interest rates in history, with advertised rates under 4%, you would think that housing is poised for a recovery. You would if you’re an economist, or a politician, but not if you are an ordinary member of the struggling middle class. What the politicians, economists and pundits all [...]
30-Year Fixed Rates Climb to 3.86%
September 28, 2011 by
30-year fixed rate mortgage rates have rebounded, but remain at a lower level than they were last week. Zillow Inc.’s Z +0.75% real-time rate tracker showed that on Tuesday, 30-year fixed rate mortgages had a 3.86% interest rate, slightly up from Thursday’s low of 3.82% but still lower than the 3.92% they were at one week [...]
Federal Reserve Move May Reduce Interest Rates Further
September 23, 2011 by
The Federal Reserve is to try a new strategy in its attempt to reduce business and consumer borrowing costs and encourage economic growth in the U.S., in spite of Republican pleas not to expand its stimulus program any further, reports the New York Times. Last Wednesday the Federal Reserve said that over the next nine [...]
Most Borrowers Won’t Qualify For Lowest Advertised Mortgage Rates
September 12, 2011 by
Sure you’ve been hearing that mortgage rates have dropped to historically low levels. But have you tried to get a mortgage with those super low rates lately? If you have, chances are you didn’t qualify for the best deal. According to data surveying 200 of the nations top mortgage lenders, the actual interest rate granted [...]
