Americans Remain Upbeat About Homeownership - 03/21/11 01:59 PM
Even as many homeowners struggle to make mortgage payments and foreclosures weigh down the housing market, 70 percent of Americans still view homeownership as part of the American Dream, according to a recent Trulia survey. More than three out of four homeowners (78 percent) say their homes are the best investment they ever made. Only 20 percent say they feel trapped in their "underwater" homes, while 14 percent say they would walk away from their homes if they could.
The survey also finds that members of the Millenial generation have gained an appreciation of homeownership. More than one in four (26 … (0 comments)

Housing Starts Rise, Builder Confidence Remains Stable - 03/15/11 03:36 PM
Housing starts rose 14.6 percent in January to a seasonally adjusted annual rate of 596,000 from December when housing starts were an estimated 520,000, but they were 2.6 percent below the January 2010 rate of 612,000, according to the latest figures released by the U.S. Commerce Department. However, permits for new construction fell 10.4 percent last month to a seasonally adjusted annual rate of 562,000 from the December rate of 627,000 and they were 10.7 percent below the January 2010 estimate of 629,000. As the market for new homes continues to stall, builder confidence remained unchanged for the fourth consecutive month, according … (1 comments)

Survey Reveals Consumer Confusion about Mortgage Process - 03/08/11 07:41 PM
More than two-thirds of Americans (70.6 percent) believe access to affordable mortgages is a serious problem, according to a new survey by MortgageMatch.com. Respondents also say that the most challenging aspect of getting a mortgage is understanding the mortgage process and dealing with the lenders' requirements, ranking it more challenging (32.3 percent) than getting the mortgage itself (23 percent) and negotiating the sale price on a home (25.3 percent). More than three out of four recent homebuyers (79 percent), especially those earning more than $50,000 a year, report that getting a mortgage was more difficult than they expected.
To add to … (1 comments)

 

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