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home ownership: Housing is economy's elephant in the room - 02/08/12 11:07 AM
 
In a double surprise, the job market may at last have begun to revive, but the double-the-forecast, 243,000-job surge in January has done little harm to mortgages. We are still near 4 percent; with 10-year Treasury notes up from 1.82 percent but holding nicely at 1.95 percent.
Ordinarily a payroll jump like this would have killed us, especially in combination with strong results in the two Institute for Supply Management surveys for January: manufacturing to 54.1 from 53.1 in December, and the service sector way up to 56.8 from 52.6 last month.
 
Some of the calm reaction in markets … (1 comments)

home ownership: 10 states ranked by high, low homeownership rates - Delaware in Top 5 - 10/19/11 10:45 AM
The dream of owning a home has become increasingly unattainable for many Americans, and the situation is not likely to improve soon, as the collapse of the housing market and the recession continue to take their toll.
That is the disturbing conclusion to be drawn from the U.S. Census Bureau's newly released report, "Housing Characteristics: 2010," an overview of the national home market at the end of the last decade.
One of the highlights of the report is a list of the states that have the highest and lowest percentage of homes occupied by their owners.
A review of the data by 24/7 … (1 comments)

home ownership: Housing Affordability Rises to Record Levels - 05/28/11 05:07 PM
Nationwide housing affordability during the first quarter of 2011 rose to its highest level in the more than 20 years it has been measured, according to National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) data released recently.
The HOI indicated that 74.6 percent of all new and existing homes sold in the first quarter of 2011 were affordable to families earning the national median income of $64,400. This eclipsed the previous high of 73.9 percent set during the fourth quarter of 2010 and marked the ninth consecutive quarter that the index has been above 70 percent. Until 2009, the … (0 comments)

home ownership: 4 Signals It Might be Time to Buy (vs. Rent) Your Home - 04/28/11 03:42 PM
To rent or to buy:  what used to be a given – that you would buy a home as soon as you could afford to – has become an agonizing conundrum for many a would-be homebuyer, in the face of the housing market’s big bust and super-slow recovery.  Low prices seem to create a wide-open window of opportunity, but they also create the concern that prices will keep falling after closing.  And that Catch-22 has hundreds of thousands of buyers-to-be stuck on the fence.
Fortunately, there are handful of life, mortgage and local market signals which indicate that the time *might* … (0 comments)

 
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Christopher Pataki Hockessin Delaware Real Estate

Hockessin, DE

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RE/MAX Associates

Address: 1302 Old Lancaster Pike, Hockessin, DE, 19707

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Working with buyers and sellers to aid in financial decisions using real estate. I service the following areas - Hockessin, Wilmington, Newark, New Castle, Bear, Middletown, Townsend, Delaware City, Claymont and other areas of New Castle County Delaware


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