Is The American Dream Of Homeownership Changing?
According to a recent survey from the National Foundation for Credit Counseling, the traditional American Dream of owning your own home may be changin...
Survey Shows Changing Attitudes Toward Being A Homeowner
In the midst of the housing crisis, Americans' attitudes toward homeownership is changing. Being a homeowner used to be thought of as a safe way to build your personal wealth. According to a recent survey, almost half of Americans don't think owning a home is a good way to build wealth, and almost one-third don't think they will ever own a home.
Recovery Act Funds Being Used To Improve Housing Market
I was running errands last weekend and saw my first sign on the side of the road, next to some construction, that said, "This project was paid for by ...
$268 Million More In Recovery Act Funds For Housing And Job Creation
The Treasury Department announced $268 million will be available to the American Recovery and Reinvestment Act, or the stimulus plan, to create jobs and improve the housing market. The money will be used for the development of affordable housing units in Indiana, Missouri, Tennessee, and Washington D.C. Under the Recovery Act, the Treasury Department will work with state housing agencies to jump start the development or renovation of qualified affordable housing for families across the country. This is the second round of funding going to states to increase the construction of affordable housing, with $164 million in Indiana; $17 million in Missouri; $53 million in Tennessee; and $ 33.7 million in the District of Columbia. Read the full press release below.
Federal Housing Finance Agency (FHFA) Boss James Lockhart on Fixing the Housing Market
At the recent meeting of the National Association of Real Estate Editors in Washington, D.C., James Lockhart, director of the Federal Housing Finance Agency (FHFA), which oversees Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, discussed how the housing market had changed from 2007 to 2009 and the strategy being used to stabilize the mortgage market. Read part of the speech here. Link to Questions and Answers with James Lockhart.
Federal Housing Finance Agency’s James Lockhart – Questions and Answers
What's the latest on streamline short sales, loan modifications, and loan refinancings? The Federal Housing Finance Agency's director James Lockhart took questions at the recent National Association of Real Estate Editors meeting about these topics, as well as FHFA's multi-family housing policy, Fannie Mae and Freddie Mac, principal loan forbearance vs. principal forgivemes, and whether the government will expand the loan-to-value ratio to permit refinancing.
Signs To Watch Out For When The Housing Market Is Recovering
Ilyce says there are four ways to know when the housing market is recovering: 1. The proportion of home buyers and sellers evens out; 2. Home pri...
Appraisal Report: How to Know When the Housing Market is Recovering
How can you know when the housing market is recovering? The housing market crisis has to do with supply and demand being out of whack. At the moment (in 2009), there are too many sellers and not enough buyers. Fixing supply and demand is key, but there are many factors that go into supply and demand. The Appraisal Institute recently put out some factors that affect supply and demand and residential real estate. Recognizing these trends will help you understand when the housing market is recovering.
When Will U.S. Commercial Real Estate Property Markets Recover? Try 2017
Commercial real estate properties are in a tough spot in this recession. Commercial real estate rents are down by nearly 50 percent, which means that the underlying value of commercial real estate could fall 50 percent from the high point in 2007. Will the federal government back commercial real estate property loans in order to help unfreeze credit markets?
Ilyce Glink on WSB Radio – June 21, 2009
Today on the Ilyce Glink Show, Ilyce discussed her trip last week to Washington, DC for the National Association of Real Estate Editors (NAREE) meeting, where she heard from Shaun Donovan of HUD. See the blog for more information about the housing market and current legislation. There were a number of questions about long-term care insurance, and Ilyce took questions about negotiating credit card debt. Check out the blog for more show notes and links to more helpful information.