Consumer and REALTOR® Confidence

Consumers are becoming ever more confident in the economy.  Continuing job gains, lower gasoline prices, and rising home values are likely contributing to the sentiment.  Interesting though, that REALTORS® were feeling less optimistic in the past month. The latest...

Fannie and Freddie to Back Three Percent-Down Loans, Safely

Recently the FHFA announced that it would begin to allow the GSEs to finance loans with as little as 3% down payments.  This news was received with mixed reviews.  Some view it as an improvement in access for entry-level...

Mortgage Performance of Veteran Loans

Mortgages backed by the Veterans Affairs have generally performed better than other mortgage products, even though VA loans require no down payment. In the most recent quarter, the percentage of mortgages going into foreclosure for VA loans was 0.3...

REALTORS® Reported Distressed Sales at 10 Percent of Market in September 2014

With rising home values and fewer foreclosures, the share of distressed sales to existing home sales continued to decline, according to data from the September 2014 REALTORS® Confidence Index Survey:  http://www.realtor.org/reports/realtors-confidence-index In September 2014, distressed sales accounted for 10...

The Latest GDP

The broadest measurement of the U.S. economy (GDP) expanded solidly in the third quarter at a 3.55 percent annualized rate.  This  marks two straight quarters of robust growth.  Growth at this rate can accelerate future job creations.  Still, we...