Monthly Archives: November 2014

Entry Level Buyers Squeezed Out Of Mortgage Financing

Posted on November 12, 2014 by Cliff

Demand for condo units is rising in urban areas nationwide, but mortgage financing continues to squeeze out entry-level buyers, the Los Angeles Times reports. List prices for condos in major markets are rising faster than prices for single-family detached homes … Continue reading →

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Veterans Day

Posted on November 11, 2014 by Cliff

On the 11th hour of the 11th day of the 11th month of 1918, an armistice, or temporary cessation of hostilities, was declared between the Allied nations and Germany in the First World War, then known as “the Great War.” … Continue reading →

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For a 20% Down Payment It Takes 12 Years of Saving

Posted on November 10, 2014 by Cliff

First-time buyers have a whole lot of saving to do — possibly more than a decade of saving for a home purchase. It can take, on average, 12.5 years for first-time buyers to save a 20 % down payment based … Continue reading →

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Debt: Student Loans and Car Payments

Posted on November 7, 2014 by Cliff

Debt — like student loans and car payments — can create the biggest barrier to home ownership, more so than saving for a down payment, according to a new analysis by RealtyTrac. RealtyTrac analyzed affordability in 500 counties and found … Continue reading →

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Older Home Owners Carrying Home Debt Longer

Posted on November 6, 2014 by Cliff

A new Census Bureau report shows an alarming rate of older home owners carrying home debt well into retirement, and the amount of debt they’re carrying has risen over recent years. The share of older home owners aged 65 to … Continue reading →

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Cities With The Largest Senior Populations

Posted on November 5, 2014 by Cliff

Forbes.com dubs it the “gray wave,” where the senior population is spiking the most in some of the nation’s biggest cities. Since 2000, the overall senior population has risen 29 percent compared to the overall population growth of 12 percent. … Continue reading →

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First Time Buyers Are At The Lowest Level in Decades

Posted on November 4, 2014 by Cliff

Despite an improving job market and low interest rates, the share of first time buyers fell to its lowest point in nearly three decades, according to an annual survey released today by the National Association of REALTORS®. NAR’s profiles of … Continue reading →

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How Many Showings Until A Home Buyer Finds “The One” ?

Posted on November 3, 2014 by Cliff

A home buyer will visit an average of 10 homes before finding the perfect match, according to a survey of about 2,500 Americans by BMO Harris Bank. For about 51 percent of buyers, it’ll take up to six months of … Continue reading →

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