Where Have All the Sellers Gone? 6 reasons for low inventory. Factors influencing the lack of homes on the market include homeowners who are still underwater on their mortgages and not enough new-home construction.
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Has Housing’s Crisis Ended? Supply of entry-level homes continues to plague the market.
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Home equity surges by more than $1 trillion. CoreLogic: American homeowners now have about $1.2 trillion dollars more than they had a year ago thanks to rising home values – double the amount since 2011.
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Mortgage Rates Continue Falling… 30-year drops to 3.83%; jumbo down to 3.76%. At the current average 30-year fixed mortgage rate of 3.83 percent, the monthly payment for a $200,000 loan is $935.33.
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Millennials Saving More than Older Cohorts. Only half of adults 30 and older save more than 5% of their income annually, but 3 in 5 millennials are doing so, according to a study… Millennials are showing signs of financial prudence.
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April 2, 2016 at 8:24 am
Good articles Barbi!