Category Archives: Real Estate

Mortgage Interest Rate Table Year High Low Year High Low Year High Low 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 5.46 5.51 6.81 6.77 7.52 … Continue reading →

Over the past three months, the NAHB Government Affairs has been tirelessly working with concerned lawmakers to address the AD&C lending crisis.  Rep. Gary Miller (R-CA) has crafted AD&C legislation that addresses our concerns and implements solutions to the housing … Continue reading →

The Commerce Department reported the average price of a new home sold in December was the highest it’s been since July 2008–$291,400.

Despite softer home sales, Lennar revealed on Tuesday a first-quarter profit over a year ago loss on improvements in its distressed real estate business. The company posted net earnings of $27.4 million, or 14 cents a share, compared with a loss of $6.5 … Continue reading →

House Republicans pushed through legislation last Tuesday to terminate an underachieving Obama administration program designed to reduce mortgage payments for homeowners in danger of losing their homes to foreclosure. Most Democrats, while acknowledging that the Home Affordable Modification Program has … Continue reading →

About 10% of homeowners with mortgages have more than 25% negative equity. The break down of equity by state.  

In the 2010 Census, a long-form questionnaire was not used. Therefore, the Census no longer asked about whether people moved and bought a home. So another brand new benchmarking process is needed. NAR has already been in contact with all … Continue reading →

Something positive! The famously successful Chairman of Berkshire Hathaway made his observation a month ago in his annual letter to shareholders. The Oracle of Omaha is certainly aware of the state of the housing market and added: “A housing recovery … Continue reading →

A lot of negative news on housing, working hard to find something positive. TKS   by Tom Lawler If one were to assume that the current “excess supply” of housing was around 1.75 million, and that the net housing stock … Continue reading →

‘Upward drift’ One reason for concern about the Realtors’ data is that when assessing the outlook for future sales, forecasters rely heavily on the inventory of homes on the market, which is generally expressed in number of “months’ supply.” That … Continue reading →