Are record-low interest rates masking high-cost mortgage lending?

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits
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Investments

Top 10 cities filled with real estate investors

Single-family rentals grew fastest in these metros

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(Revision: Order of cities revised 2-5-14)

The house buying market is still in a weird place, despite talk of the recovery.

Something like 40% of home sales were individuals using a mortgage, 40% were all-cash, more than about 15% were distressed sales and 5% were flips.

In fact, cash deals – presumably investors – were 42% of all U.S. house sales in December.

That's up from 38% in November, and up from 18% in December 2012.

In Florida, Wisconsin, Alabama, South Carolina and Georgia cash sales were more than 50% of homes sold in 2013.

But which cities had the most investors coming in an buying up homes?

Especially investing in order to turn properties into single-family rentals?

We asked Jed Kolko, chief economist with Trulia (TRLA), and he ran the numbers from 2005-2012.

 

Click below for number seven through 10.

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