A resurgence in single-family production will spur housing growth in 2014, but challenges to the ongoing recovery remain, according to economists. “My single-family forecast for 2014 is pretty aggressive–822,000 starts which is likely 200,000 more than 2013,” said NAHB Chief Economist David Crowe, speaking at an NAHB conference in Las Vegas. “There are five key … Continue reading
Southern California has seen home prices appreciating at steady levels in recent years. It may be great time to look at some of the new opportunities that are presenting themselves to current Southern California homeowners in 2014. Back in 2011 & 2012 we had some of our clients purchasing homes with great rates and reasonable … Continue reading
The long awaited FED meeting has arrived and now those of us in the mortgage and real estate business can take a deep sigh of relief. Contrary to popular belief, the Fed’s announced that they WOULD NOT begin tapering their purchases of bonds. The Fed stated that they wanted to “await more evidence that progress will be sustained”. … Continue reading
According to Mortgage News Daily home prices have grown at the fastest pace since May 2006. Is this good for the economy? How will it affect interest rates?
Apartment rent prices grew significantly in 1Q, but it’s starting to look like the leverage that landlords once had could be diminishing as an increased supply takes over the market and the single-family housing market replenishes itself. The average monthly rent in the United States is currently $1,054 – which is up half a … Continue reading