Fixed Mortgage Rates Show Slight Drop
Average fixed mortgage rates decreased slightly during the past week, just seven days after they made their biggest jump in nearly five months, Freddie Mac reported Sept. 25 in its weekly Primary Mortgage Market Survey.
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CoreLogic: Nearly 1 million houses return to positive equity
"Borrower equity is important because home equity constitutes borrowers’ largest investment segment and, as a result, is driving forward the rise in wealth for the typical homeowner," said Sam Khater, deputy chief economist for CoreLogic.
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Interesting Super Bowl Team City Facts!
Outside of the stadium, Denver fans and Seattle fans would probably get along. According to the American College of Sports Medicine’s most recentAmerican Fitness Index, Seattle is the #8 most “fit and healthy” city, while Denver ranks #9. Both cities are located near mountain ranges that offer a host of outdoor activities, which helps to keep each city fit.
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Cautious Consumers Stalling Housing Momentum
WASHINGTON, DC – Positive momentum in the housing market continues to lose steam as Americans remain cautious about their personal finances and the state of the economy, according to Fannie Mae’s November National Housing Survey results. Among those surveyed, nearly two-thirds believe the economy is on the wrong track while the share expecting their personal finances to worsen during the next year has increased during the past few months to 22 percent. Meanwhile, consumers’ home price expectations have declined steadily since summer. CLICK HERE FOR THE FULL STORY
Stickelman & Associates is pleased to announce the expansion of their services to include commercial real estate valuations.
We are proud to announce that we are now accepting new clients for the commercial division.
We are very excited to end the fourth quarter with a new division.
A Hedge Fund That Bet Against Housing Becomes an Ohio Landlord
Thousands of brick houses line the streets of Huber Heights, a leafy suburb of Dayton named for Charles Huber, the builder who developed it in the 1950s. Until this year, his family was the Ohio town’s biggest landlord, owning one-third of all rental housing. Now the tenants’ payments are being routed to a $9 billion hedge fund.
Click here to read more http://www.businessweek.com/articles/2013-10-24/magnetar-hedge-fund-that-bet-against-housing-buys-ohio-rental-homes#rshare=email_article
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