1.The Housing Recovery Needs More Than Just Rising Prices
“n the boom-and-bust housing markets with the biggest price rebounds, construction activity is lagging. In contrast, the markets where construction has recovered include big-city metros with strong rental demand. Rents are up 4.5% year-over-year, and rental affordability is worst in Miami and New York.”
2.Mortgage rates hit a 2014 low
“The average interest charged to borrowers for a 30-year, fixed rate loan fell to 4.21% from 4.29% last week, according to Freddie Mac’s weekly mortgage rate report. “
3.Nearly half of all home sales all-cash deals
“Want to buy a home? Better be carrying lots of cash.”
4.All Cash U.S. Home Purchases Surge With Rising Rates: Mortgages
“Greg Leffel, an investor in Columbus, Ohio, said he relishes cash deals as much as he dislikes home loans. He has spent $150,000 buying and renovating 10 foreclosed houses in the past two years and turned them into rentals. “
5.Average US 30-Year Mortgage Rate Falls to 4.21 Pct
“Average U.S. rates on fixed mortgages fell this week for a second straight week as the spring home-buying season has gotten off to a slow start.”
6. 43% of 2014 home buyers paid all cash
“Americans are still buying homes in all-cash deals, despite more investors leaving the market, according to a new report. “
7.Now more than ever, cash is king in real estate
“WASHINGTON — One in three buyers of U.S. homes is paying cash, a record high number, according to data made available to McClatchy.”
8.Zillow CEO: Home values appreciating about 6% YOY
9.Four out of ten homes sold for all-cash
“The share of all-cash home sales reached a new high in the first quarter even as the share of institutional investor purchases dropped to the lowest level since the first quarter of 2012, according to a report Wednesday night from RealtyTrac Inc. of Irvine.”
10.Mortgage rates hit low for the year on economic worries including housing
“Mortgage rates hit a new low for the year this week as worries about the economy made relatively safe investments like Treasury notes and mortgage-backed securities look more attractive to investors.”
TonyAlvarez.com