AS THE BANKS CONTINUE TO OFFER MORE AND MORE LENDING OPPORTUNITIES FOR BUILDERS, THE INVESTORS WHO HAVE BEEN IN THE HOUSING MARKET GAME ARE BEGINNING TO LOOSE INTEREST. THE LOW TEENS RETURNS VS MID TO HIGH 20% RETURNS HAS INVESTORS SEEKING OUT ALTERNATIVE INVESTMENT OPPORTUNITIES. LEVERAGED PORTFOLIO’S ARE BACK IN VOGUE. The proportion of
HOUSING RECOVERY PRICING OUT FIRST TIME HOMEBUYERS
First-time homebuyers are being squeezed out of the housing market recovery due to a sharp rise in home prices in some markets, a recent jump in mortgage rates, tighter lending practices, and competition from investors picking up lower-price property for cash, reports The Wall Street Journal. First-time homebuyers are more likely to be unemployed, underemployed,
Higher Mortgage Rates Won’t Kill Housing Recovery
Mortgage rates are back above 4% for the first time in a year, but the rate rise probably isn’t going to be enough to take the wind out of the sails of the housing market rebound. The Mortgage Bankers Association reported on Wednesday that rates jumped to 4.07% last week for the 30-year fixed-rate loan,