What Happens When Interest Rates Rise?

RISMEDIA, Saturday, June 22, 2013 Freddie Mac recently released its U.S. Economic and Housing Market Outlook for June showing the effects rising interest rates are having on certain markets around the country and the overall housing recovery. A short preview video and the complete June 2013 U.S. Economic and Housing … Continue reading

Florida’s Housing Market Shows Momentum

RISMEDIA, Wednesday, May 15, 2013— Regional Spotlight Florida’s housing market gained strength in first quarter 2013 with increased closed sales, more pending sales, higher median prices and a reduced supply of homes for sale compared to the same quarter in 2012, according to the latest housing data released by Florida … Continue reading

April Housing Scorecard: Progress as Values Rise and Sales Remain Strong

RISMEDIA, Tuesday, May 14, 2013 The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury recently released the April edition of the Obama Administration’s Housing Scorecard – a comprehensive report on the nation’s housing market. The latest data show important progress across many key … Continue reading

Freddie Says: Mortgage Rates Steady

RISMEDIA, Wednesday, March 13, 2013— Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates largely holding steady from the previous week, remaining near their 65-year record lows, and continuing to provide support for the housing recovery. Read more… More About Buying … Continue reading

Shadow Inventory Down 28 Percent from 2010 Peak

RISMEDIA, Saturday, March 30, 2013— CoreLogic (CLGX), a leading residential property information, analytics and services provider, reported recently that the overall shadow inventory is down 28 percent from its peak in January 2010, when it reached 3 million homes. Current residential shadow inventory as of January 2013 was at 2.2 … Continue reading

Freddie Says: Mortgage Rates Steady

Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates largely holding steady from the previous week, remaining near their 65-year record lows, and continuing to provide support for the housing recovery. Results showed that the 30-year fixed-rate mortgage (FRM) averaged 3.52 … Continue reading

Another sign of a building economy: Spec homes back on Collier, Lee market

By LAURA LAYDEN | Sunday, February 17, 2013 NAPLES — Builders in the Naples market are investing millions in houses with no buyers.With the housing market on the rebound, the speculative, or so called “spec” market has made a comeback, especially in areas near the water such as Port Royal, Aqualane … Continue reading