'Missing households' represent big source of pent-up demand

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Real Estate Broker/Owner with One @ Done Exclusive Buyer Agent
REAL ESTATE & MORTGAGE NEWS   

'Missing households' represent big source of pent-up demand 

Missing HouseholdsTrulia estimates backlog in household formation at 2.4 million
By Paul Hagey - Household formation, especially among young adults between 18 and 34 years old, lags far behind historical norms but will bounce back slowly in the years ahead, according to a recent analysis by Trulia Chief Economist Jed Kolko.

Before the housing bust, an average of 1.1 million households - defined as one or more people who live in the same home - were formed each year in the U.S. >>Read More Inman News
 
 
MORTGAGE INTEREST RATE LOCK ADVISORY
July 25, 2013  :12:30 PM PST 

  

LOCK ADVISORY

7 Day Mortgage Interest Rate lock or Float Advice: LOCK

The cost for a 4.00% rate based on Mortgage Backed Securities is down 0.05 point.

30 Day Mortgage Interest Rate Lock or Float Advice:  LOCK 

 

MARKET INDICATORS    

  • National Average for 30-Yr Fixed Mortgage Rate declined to 4.31% on July 25.
  • MBS (3.5%) Closed at 100.69, High: 100.69, Low: 100.31
  • DJI Stocks currently $15,557.48,  Up $15.24, Change 0.098%
  • Asian & European Stock Market Indexes changed -0.313%
  • Crude Oil (WTI) Currently $105.43 - Change 0.04%
  • Gold 1 Once - $1,331.21
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Todd Clark
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Jul 25, 2013 03:04 PM #1
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