When it comes to affordability, the housing market has never looked better for many people. However, if you are looking for equity then things have not looked so bleak since World War II. As a residential “double dip” in the market becomes a reality, Robert Schiller, co-founder of S&P Case-Schiller index, predicted that property values could decline from 10 to Read full article »
Tag archives for Inflation
National Home Equity Levels Nearing Record Lows
category: Main Content
tags: Affordability, Affordable Housing, average home equity, Bank Of America, BEREL, Bofa, brian moynihan, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Draft, equity, equity in real estate, foreclosure backlog, household debt, housing double dip, Housing Market, Inflation, Investors, market correction, national equity, national home values, New Construction, Real Estate, real estate correction, Real Estate Investing, Real Estate Investing News, real estate investors news, Real Estate Market, Real Estate News, robert schiller, s&p case schiller, Unemployment, world war II, world war II equity
$8,000 Tax Credit Cost Typical Recipients Twice That
According to home values released by Zillow on Monday of this week, home values have fallen for a 57th straight month. And while this is not good news for anyone, it has hit beneficiaries of the $8,000 tax credit for first-time homebuyers particularly hard, as, according to the Wall Street Journal, they “lost twice as much to falling house prices Read full article »
tags: BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Draft, first time homebuyer tax credit, home buyer incentive, home prices, Home Values, Homebuyer Tax Credit, House Prices, Housing Market, Housing Recovery, housing recovery 2011, housing tax credit, Inflation, internal revenue service, Irs, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors news, Real Estate News, tax fraud, Wall Street Journal, White House, Zillow, zillow.com
Federal Reserve Official Recommends Raising Rates
Several Federal Reserve officials believe that the time to raise interest rates has come. Narayana Kocherlakota, the president of the Federal Reserve Bank of Minneapolis, is recommending that the Fed raise its key interest rate half a percentage point in order to guard against inflation. Kocherlakota points out that even with the increase, rates would still be low “by historical Read full article »
tags: BEREL, Bryan Ellis, Bryan Ellis Real Estate Letter, carole vansickle, Draft, eris rosengren, fed, fed in boston, fed in dallas, fed in minneapolis, fed in philadelphia, Federal Reserve, Inflation, Interest Rates, Investing, investing trends, lending, lending trends, Low Interest Rates, narayana kocherlakota, president of federal reserve bank, raise interest rates, Real Estate, Real Estate Investing, Real Estate Investing News, Real Estate Investors, real estate investors news, Real Estate News, the fed
Taking “Renters’ Rights” to a New Level
Two house Democrats have introduced a bill that will essentially create a “right to rent” for homeowners facing foreclosure if it is passed. The bill allows families facing foreclosure to petition a judge to stay in their homes as renters under a 5-year lease. An independent appraiser would be appointed to set a fair market rental value for the home, Read full article »
category: Real Estate News
tags: Creative Approach, Creators, Decay, Delinquent, Facing Foreclosure, House Democrats, Independent Appraiser, Inflation, Initiatives, July 1, Landlords Responsibilities, Logistical Concerns, Marcy Kaptur, Median Price, Metropolitan Statistical Areas, Raul M Grijalva, Renters Rights, Taxpayers, Tide, Vacancies
Owning is Cheaper than Renting?
While the news is certainly not all good, based on John Burns Real Estate Consulting’s (JBRC) latest “report card” for the housing industry, released this week by the consulting firm that grades various aspects of the housing market and industry each month, the low grades spell great news for renters who are in a position to buy. “Affordability is so good Read full article »
category: Real Estate News
tags: Affordability, Alterations, Attractive Rates, Consulting Firm, Distressed Properties, Fannie Mae, Fixed Mortgage, Foreclosure, Foreclosures, Great News, Housing Industry, Housing Market, Individual Investors, Inflation, John Burns, Market Experts, Median Price, Mortgage Payment, Pat On The Back, Personal Credit History, Preforeclosures, Real Estate Consulting, Rents, Variable Rate
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.