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
Popular Home-Price Web Site Often Gets It Right but Can Be Way Off the Mark, We Find In the year since its launch, Zillow Inc. has made millions of Americans familiar with computer-generated estimates of home values, created a new online addiction and become a staple of dinner-party chatter. But just how accurate is it? … Continue reading
Millions of credit reports have errors.