News

NAHB Chairman Responds to Obama’s FHA Announcement

National Association of Homebuilders (NAHB) chairman Kevin Kelly released a statement on Thursday applauding President Barack Obama and the FHA for lowering annual mortgage insurance premiums. “NAHB commends the President for taking action to reduce FHA’s annual mortgage insurance premiums

FHA to Lower Cost of Mortgage Insurance

President Barack Obama announced on Wednesday that the Federal Housing Administration will soon be cutting its annual insurance premiums from 1.35 percent to .85 percent. “This action will make home ownership more affordable for over two million Americans in the

Increase in Available Rental Units Likely to Slow Down Rent Growth

There’s good news on the horizon for renters: As the number of available rental units continues to the increase, the rate of rent growth is likely to slow down. “Although an improving labor market with more jobs and faster wage

Housing Market in 2015: Mostly Optimistic, with One Cause for Concern

According to NPR, housing experts expect 2015 to be mostly positive on the home-buying front, though there is one cause for concern. The news source says that, thanks to lower unemployment rates, lower housing prices, higher rents and an entire

Alternate Lenders Gaining Steam Among Millennials

According to a new report by CNN Money, there is a current trend in the housing market toward alternate lending opportunities, especially as many individuals may not qualify for traditional loans. In the last week alone, two new companies –

Homeowners Earn $1.7 Trillion Equity Bonus

According to a new report by Zillow, homeowners in the United States earned a collective $1.7 trillion in additional equity in 2014. The gains came even despite the fact that home prices slowed down dramatically over the past year. The

Congress Votes to Extend SCRA One-Year Foreclosure Protection Period

Congress voted unanimously on Wednesday to extend a provision of the Servicemember Civil Relief Act that prohibits banks from foreclosing on a servicemember’s house for one year following his or her return from active duty. According to the CFPB Monitor,

Obama Expected to Sign Tax Break Bill for Some Homeowners

On Tuesday, Congress elected to extend several expired “temporary” tax breaks for 2014, and included in there are a couple of deductions for select homeowners. First, homeowners paying mortgage insurance premiums will be able to deduct he cost of the

Lack of Inflation May Keep Interest Rates Low

According to a new report from MarketWatch, the Federal Reserve may consider keeping interest rates low next year. The reasoning behind the move is due to a lack of inflation. “Why would the Federal Reserve raise interest rates in order to

Millennials Can Afford to Buy – Just Not Where They Live

In a new report by the Washington Post, it has been found that many millennials could afford to buy a home right now – just not in the cities where they currently live. Many young people tend to gravitate toward

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