Although reports earlier this year projected that the housing market might start to make a slow but significant recovery sometime in 2012, the “recent spate of bad economic news that has been making headlines over the past several weeks” has quashed that hope, according to Fiserv/Case-Schiller Indexes. Now, the recovery likely will not occur until “well into the first quarter Read full article »
Tag archives for Housing Market Recovery
Data Firms Predict Earliest Housing Recovery to Come in 2013
6.5 Million New Households Needed to Absorb Existing Home Inventory Overhang
According to one economist, 6.5 million new households will have to be formed before the excess housing inventory in the country will be absorbed. Brendan Lowney is a macroeconomist for Forest Economic Advisors in Massachusetts. He has estimated excess home inventories at 2.5 million, which is creating downward pressure on home prices and pushing more homes underwater. Lowey believes that Read full article »
What the End of QE2 Could Mean for You
In June, something called QE2 is set to end, and most real estate investors do not even know it. However, this government strategy, called “the Titanic” by some economists, plays a major role in our market and will, at a minimum, impact interest rates and lending when it is no longer in effect. In this article, we will explain and Read full article »
Western Michigan Real Estate Affords Many Hurting Buyers with New Opportunity
While many buyers might instinctively recoil at the idea of buying real estate in Michigan at this point in time, not every area of the state is in as much turmoil as Detroit. In fact, some areas, such as Grand Rapids, are actually making a small but significant recovery as buyers find that they can get more for their money Read full article »
Are We There Yet? Real Estate Crisis Could Continue, Say Experts
As housing prices continue to drop, real estate experts believe that the housing crisis may not be over even though the economy appears to be attempting a sluggish recovery. In January of this year, residential real estate prices fell 3.1 percent over the year prior, with Phoenix, Minneapolis and Chicago leading the pack with precipitous drops of more than 9 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:
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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.
