Tag Archives: Housing Boom

Big Banks Bet on Jumbo Mortgages Again

As home prices rise, though, the opportunity grows in the jumbo market. Sales of homes priced between $750,000 and $1 million were up 41 percent in April from a year ago, while sales of homes priced below $100,000 were down … Continue reading

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More Homeowners Become Accidental Landlords

Arati Patel built a house in Greenville, SC in 2007, but when she was forced to move to Washington, DC for a new job, she knew she couldn’t sell it for enough, so she put it up for rent. In … Continue reading

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Record High New Home Prices Have Room to Grow

Supplies of new and existing homes are at levels not seen since the frenzy of the last housing boom. The phenomenon is national and not just relegated to the former boom markets. April listings were down 41 percent from a … Continue reading

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More millennials see homeownership as a good investment

  Most Most millennials that make more than $50,000 a year are more interested in buying homes than they were a year ago, a recent survey by homebuilder PulteGroup, Inc. found.  Nearly two-thirds, or 65 percent, of renters between 18 and … Continue reading

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More Millennials intend to buy: survey

Most Millennials that make over $50,000 a year are more interested in buying homes than they were a year ago, a recent survey by homebuilder PulteGroup, Inc. found.  65 percent of people between 18 and 34 who responded to the survey … Continue reading

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Here’s What Is Fueling the Housing Boom in Vegas

Investors swarmed into the Las Vegas market, much like they did in Phoenix, AZ, using all-cash private equity funds to buy distressed properties in bulk. As competition grew and supplies shrunk, prices took off. While still well below the peak, … Continue reading

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Property Flippers Are Back as Housing’s New Middle Men

Who can forget the heady days of the housing boom when property flippers would follow condo developers around like hungry wolves, waiting to pounce on new projects before one grain of earth had moved? Property auctions for single family homes … Continue reading

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How Investors Are Skewing Home Price Recovery

Home prices finally appear to be catching up with the increase in overall sales pace. That is usually the case, as prices lag sales on the way up and on the way down.  The latest reading from SP/Case-Shiller, which employs … Continue reading

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Obama’s ‘Responsible’ Reno Homeowners: Are They?

As part of his “To Do List,” President Barack Obama visited Val and Paul Keller on Friday. The White House described them as “responsible” homeowners who owe more on their mortgage than their Nevada home is currently worth. They owe … Continue reading

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Spec Building is Back, With a Catch

With consumer confidence weak and getting weaker, and demand for housing showing no signs of resuscitation, home builders today are not only changing their building models, they’re changing their business models; that includes returning to a practice that brought many … Continue reading

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