According to the U.S. Census Bureau, slightly less than two-thirds of the American population own their own home today. 65.9 percent of the country reported owning a home, but Morgan Stanley analysts argue that the number is much lower – more like 59.2 percent once borrowers who have delinquent mortgages but have not yet lost their homes are factored in. Read full article »
Tag archives for Homeownership
Homeownership Hits 1965 Levels
tags: BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Census, Census Bureau, Delinquent Mortgages, Draft, Home Ownership, Home Values, Homeownership, homeownership levels, Housing Market, Housing News, Morgan Stanley, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors news, Real Estate News, squatters, us census bureau
US Bank to Work with Milwaukee to Stabilize Housing
U.S. Bank has committed more than $16 million to revitalize Milwaukee housing, and the lender is not the first to do so. In Milwaukee, four banks have now committed to providing resources to “improve and stabilize housing and homeownership efforts in the city”. Bank of America, Deutsche Bank and Wells Fargo have also committed various amounts for a total of Read full article »
tags: Bank Of America, BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Chase, Common Ground, Deutsche Bank, Draft, Foreclosure, foreclosure crisis, Foreclosures, Homeownership, Housing Market, michael murphy, milwaukee real estate, milwaukee rising, neighborhood blight, qualfied lenders, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors news, Real Estate Market, Real Estate News, sherman park, Us Bank, Wells Fargo
Renters Spend More on Housing than Homeowners
While you have probably heard the saying that it costs more to own than to rent, the numbers from the 2009 Census dispute this commonly accepted axiom. In fact, according to USA Today, “more renters found housing unaffordable” than homeowners, who enjoyed relatively “stable” housing affordability. This analysis comes as a result of census statistics that indicate that more than Read full article »
category: Personal Finance Tips, Real Estate News
tags: 1 Million, Axiom, Census Dispute, Census Information, Census Statistics, Commercial Sector, Decline, Fence, Harvard, Home Foreclosures, Homeownership, Household Income, Housing Affordability, Housing Costs, Housing Studies, National Economy, Poor Job, Real Estate Investors, Research Analyst, Usa Today
Summary of the “Housing And Economic Recovery Act of 2008″ – Part 3
As provided by the U.S. Senate. Also see part 1 and part 2 of the Summary of the Housing and Economic Recovery Act of 2008 C. Summary of the “Foreclosure Prevention Act of 2008" The Foreclosure bill passed by the Senate on April 10 contains the following provisions designed to address the problems faced by families and their communities in light of Read full article »
category: Uncategorized
tags: Block Grant Funds, Declines, Delinquencies, Disinvestment, Downpayments, Economic Recovery Act, Families In Need, Fha Loan Limit, Fha Program, Fha Requirements, Fixed Rate Mortgages, Foreclosure Prevention, Foreclosures, Homeownership, House Values, Median Home Price, Modernization, Neighborhood Reinvestment Corporation, Prevention Act, U S Senate
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.