With a number of factors contributing – low mortgage rates, improving economy, easing credit requirements, slowing price appreciation, higher rents – it appears that first-time homebuyers are moving off the fence and buying again. Both anecdotal reports and statistical measures seem to confirm that this dynamic is beginning to take hold, although it remains to be seen whether the activity is a blip or a more meaningful trend.
A few recently released data points, indicate that there is continued choppiness in the new home market. Housing starts dropped in February from January’s figure primarily due to inclement weather
In a move that is intended to help nudge the housing recovery along, the Obama Administration lowers FHA mortgage insurance rates from .85% to .5%. The White House anticipates that
The Los Angeles City Council voted Wednesday to impose a new fee on development to raise millions of dollars a year for affordable housing as the city copes with rising rents and surging homelessness.
