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SAN FRANCISCO, August 16, 2011 – Trulia today released its Summer 2011 Rent vs. Buy Index, which compares the cost of buying and renting a two-bedroom apartment, condominium or townhouse in America’s 50 largest cities based on population. Homeownership Affordability Remains High Based on current market conditions, buying a home is cheaper than renting in 74 percent of major U.S. cities. Meanwhile, it is clearly better to rent in New York, Fort Worth, Omaha, Seattle, San Francisco and... Read Full Story
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DAVID STREITFELD and MEGAN THEE-BRENAN , On Wednesday June 29, 2011, 6:45 pm EDT Owning a house remains central to Americans’ sense of well-being, even as many doubt their home is a good investment after a punishing recession. Nearly nine in 10 Americans say homeownership is an important part of the American dream, according to the latest New York Times/CBS News poll. And they are keen on making sure it stays that way, for themselves and everyone else. Support for helping people in financial... Read Full Story
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Within the next decade, 16 million new housing units will be needed to meet population growth and shifting demands, according to Harvard University’s Joint Center for Housing Studies in its latest annual "State of the Nation's Housing" report. That means household growth, which has dropped drastically in recent years, will need to greatly reverse its trend to meet the forecasted spike in demand. From 2007-2010, household growth averaged about 500,000 per year--less than half the 1.2 million... Read Full Story
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Banks, credit-card issuers warn of email breach - Yahoo! Finance Posted by Joseph P. Mazzei at www.mymortgagebroker.blogspot.com Read Full Story
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Groupon Deal of the Day! Posted by Joseph P. Mazzei at www.mymortgagebroker.blogspot.com Read Full Story
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Dow reaches 2011 high after unemployment falls - Yahoo! Finance Posted by Joseph P. Mazzei at www.mymortgagebroker.blogspot.com Read Full Story
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Mortgage Orb: Content / Mortgage Servicing / House Votes Down HAMP Posted by Joseph P. Mazzei at www.mymortgagebroker.blogspot.com Read Full Story
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FDIC proposes exemption for mortgage securities - Yahoo! Finance Posted by Joseph P. Mazzei at www.mymortgagebroker.blogspot.com Read Full Story
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In case you were wondering were your tax refund was, you can track it on the IRS' website by clicking this link: Where's My Refund? Posted by Joseph P. Mazzei at www.mymortgagebroker.blogspot.com Read Full Story
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That's right, you heard correctly. You can still get a loan without getting an appraisal. How do you do that you might ask? It's called the FHA streamline refinance. Without an appraisal. You may have heard of the FHA streamline without an appraisal, it is certainly not new, but with the current state of the mortgage market and home values, this loan matters more now than ever before. Most people are familiar with the streamline that requires an appraisal. An appraisal is required when a... Read Full Story
