According to a Pew Research Center survey, 80 percent of Americans believe that owning your own home is “the best long-term investment a person could make”. The intensity of this belief, however, is wavering, with 12 percent fewer “strongly agreeing” with that statement than did last time Pew did the survey. Perhaps not entirely surprisingly, Pew also reported that “adults Read full article »
Tag archives for American Dream
Most Americans Still Believe a Home is the Best Investment
category: Main Content, Real Estate News
tags: American Dream, BEREL, best investment, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Draft, home investment, Home Ownership, Kim Parker, pew center, Pew Research Center, pew research homeownership survey, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors news, Real Estate News
Geithner Admits Government Had a Role in Bringing Down the Housing Market
While he steadfastly maintains that administration failure HAMP (Home Affordable Modification Program) is critical to homeowners everywhere, U.S. Treasury Secretary Timothy Geithner did admit yesterday in a hearing before the House Committee on Financial Services that the government made “avoidable” mistakes that probably led, in part, to the housing market crash. Think the treasury secretary is moving away from the Read full article »
tags: American Dream, BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Draft, Economic Recession, Fannie Mae, Financial Reform, Foreclosure, Foreclosure Market, Foreclosures, Freddie Mac, Geithner, geithner hamp, government controlled gses, government reform, government role housing crash, government role housing market, Hamp, home afforable modification program, Housing Market, housing reform, lending industry, lending market, Mortgage Industry, Real Estate, Real Estate Investing, Real Estate Investor, Real Estate Investors, Real Estate Market, Real Estate News, Recession, Tim Geithner, Timothy Geithner, Us Treasury, us treasury secretary
Most Americans Still Believe Owning a Home is a Good Investment
According to the 2010 National Housing Pulse (NHP) survey, nearly 80 percent of Americans believe that buying and maintaining ownership of a home is still a good investment, despite the bleak state of today’s housing market. The survey, part of a report released by the National Association of Realtors (NAR), was designed to measure how “affordable housing issues” have impacted Read full article »
category: Real Estate News
Former Treasury Secretary Recommends Federal Government “Dial Down” Home Ownership Initiatives
In light of the current administration’s dogged attempts to revamp rather than phase out mortgage giants Fannie Mae and Freddie Mac, Hank Paulson, former Treasury Secretary, opines that once the housing market has stabilized incentives for home ownership over other investments should be “rolled back,” he wrote in a Washington Post op-ed last week. Paulson, under whom Fannie and Freddie Read full article »
category: Real Estate News
tags: American Dream, Conservatorship, Current Administration, Fannie Mae, Fannie Mae And Freddie Mac, Freddie Mac, Hank Paulson, Home Ownership, Housing Market, Impending Threat, Investment Portfolios, Massive Investment, Opines, Property Ownership, Real Estate Investors, Stimulus, Treasury Secretary, Washington Post, Week 1, Wsj
Home Ownership No Longer The American Dream?
Today's Eeyore Award for most foolishly pessimistic news goes to the National Center for Credit Counseling (NCCC). Recently, the NCCC released the results of a survey they commissioned. Frankly, I think the results they've come up with are probably unreliable and not representative of the American public. Nevertheless, the results were interesting, and can be summed up as follows: Half of the Read full article »
category: Real Estate News
The Politics of Real Estate
Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.
Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.
Mortgage Industry News
Few things change more rapidly than the mortgage market, and with the increasing dominance of GSE's Fannie Mae and Freddie Mac over the mortgage business, it's more important than ever to keep up. Here are a few recent mortgage news updates:
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Mortgage News
- HAMP Success Tally Slowly Growing
- Western States Working Through Foreclosure Backlog Quicker than Eastern
- Biggest Down Payments in the Country Found in New Jersey
- President Bypasses Congress, Appoints Director of the Consumer Protection Bureau
- Federal Reserve Recommends Expanding GSEs to Turn Housing Market Around
- Mortgage Rates Likely to Remain Low for a While Longer
- Top Former FDIC, Wells Fargo Execs Say Fannie and Freddie Must Go
- FHA Continues to Extend Anti-Flipping Waiver
- More Homeowners Using Delaying Tactics to Slow Down Foreclosures
- Now that It’s Passed: The True Cost of the Payroll Tax Cut
About Bryan Ellis
Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.
Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.
Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.