Atlanta Home Prices up 3.4% but mortgage rates punching through 4.5% may slow our pace of sale. Strategically positioning our housing inventory based on these variables is essential in maintaining a healthy pace of sale ——————————————————————————————————–Atlanta posted the biggest home price gain of 20 major metros in the June CoreLogic Case-Shiller Indexes. The area’s home
Regulators drop 20%-down requirement from mortgage proposal
Dropping the 20% down requirement will aid in our housing recovery. ——————————————————————————————– Bankers and housing advocates were concerned that requiring a 20 percent down payment would keep many people from buying a home. Lenders and affordable housing advocates won a victory when federal regulators walked away from a proposed rule that would encourage mortgage lenders
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,