Analytics firm Clear Capital credits the warm weather homebuying season with the recent moves upward in home prices, but warns that the rest of the year might not continue that growth. Despite a four percent gain in value in August compared to earlier in the year, national home prices are still 6.2 percent below last year’s levels and Alex Villacorta, Read full article »
Tag archives for Home Buyers
Clear Capital Expects Home Price Gains to Slow
Consumer Mentality Remains “Buy Now, Sell Later”
People who are buying real estate are not, for the most part, buying with a quick flip in mind anymore, according to a survey released yesterday by the Siena College Research Institute (SRI) and the New York State Association of Realtors (NYSAR). In the survey, a positive score indicated optimism about a concept, while a negative score reflected pessimism about Read full article »
Fannie Mae: Investors Do Not Merit “Priority Consideration”
Along with the announcement that its “First Look” program has generated nearly 35,000 home sales since its inception last year, Fannie Mae VP for Alternative REO Dispositions Jay Ryan took a minute to encourage lenders and banks to make sure to keep investors in check: “While investors play an important role in the REO market, homebuyers who intend to occupy Read full article »
Real Estate Research Firm Predicts Massive Home Price Decline by 2011
One firm specializing in real estate research and analysis is not pulling any punches: Altos Research says that home prices are set to tank. In fact, according to a recent report released by the firm, home prices at the start of 2011 will actually be lower than they were in 2009, thanks to a massive drop in the number of Read full article »
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:
-
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.
