Home values dropped an average of 16% in 15 of 16 key presidential battleground states since the financial crisis. Despite this key fact most of the Republican presidential candidates have chosen to be largely silent on what they would do to end the housing crisis. They have preferred to concentrate on jobs and unemployment issues. [...]
The NAR also released statistics on the inventory of homes for sale and shows a decline of 22.29% from a year ago. The 146 MSAs monitored by the NAR survey found that at the end of 2011 there were 1.89 million single family homes on the market in the U.S., a drop of 6% from [...]
According to the National Association of Realtors existing home sales surged 5% from 4.39 million units in November to 4.61 million units in December. Investors represented 21% of the market, up from 19% in November. All cash sales were 31% of all closed deals compared to 28% in November. The median home price was $164,500 [...]
A recent Harris Interactive poll asked a group of 2,237 adults who were online in December about their planned financial behaviors in 2012. One of the questions asked whether respondents planned on refinancing a mortgage in the new year. Only 5% responded positively, the same percentage as those who answered the same question in 2009 [...]
In an effort to make refinancing available to more homeowners Freddie Mac announced that it would no longer require homeowners to have credit scores of 620 or higher as long as the loan is current, the LTV at 80% or higher, and the refinance is being completed with their existing lender. The new rule became [...]
A Houselogic survey demonstrates that voters are most concerned about jobs and housing policy as election year issues for 2012. Respondents were asked: “What issue area will have the greatest impact on your vote in 2012?” Jobs were mentioned as the top issue by 54% of respondents. The next most critical issue was housing, which [...]
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