Rental prices are taxing lower-income families, with some Americans spending 30% to 50% of their monthly incomes on housing. And while multifamily properties are currently in construction, the trend of higher prices is far from over.
The talk of whether there is now a new bubble in housing is becoming cocktail-party discussion fodder yet again. But is there actually a bubble? Yale economics professor and co-namesake of perhaps the most popular housing price index (the S&P/Case-Shiller HPI) weighs in on the topic this weekend in an op-ed in The New York Times.
U.S. consumer confidence hit a brick wall in recent weeks as concerns over the potential tapering of the Federal Reserve’s monetary stimulus and recent spikes in mortgage interest rates drew more attention.
The darlings of 2014, the single-family housing investment and rental businesses, didn’t dominate like last year, but they still had a strong showing. After snagging four of the top five spots on the 2014 HW Fast50, two SFRs placed in the top five in 2015 and three made the top 50..
Bank loyalty is not a factor for borrowers in shopping for a mortgage loan. Borrowers tend to select a mortgage originator based on product, price and their expectation for a convenient transaction process. Read More