home buyers

Hot Housing Starts Figure May Push Mortgage Rates Higher

May 16, 2007

Each month, the Commerce Department releases a statistic titled “Housing Starts” that measures residential construction activity. This morning, the Commerce Department released April’s Housing Starts data (PDF) and the headline data reflected a 2.5% (±9.3%) increase in new construction. Markets had anticipated a 0.8% decrease.  This coincided with a decrease in available homes, as shown […]

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Why Downpayments Are Investments, Not Cushions

April 19, 2007

When home prices are stable or falling, home buyers often mischaracterized their downpayment on a home, calling it their “cushion” against falling home prices. Nothing could be farther from the truth. Nobody wants to owe money when they sell their home.  In fact, when asked, most people will answer that they just want to “break […]

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The Domino Effect of Sub-Prime Lending on Move-Up Home Buyers

April 4, 2007

Wondering how the dramatic change in sub-prime mortgage lending will impact you? Try this stat on for size: Since 1998, 1.4 million families have used sub-prime mortgages to buy their first home. As sub-prime lending guidelines get tighter, there will be fewer first-time home buyers and that impacts every homeowner in the country. The reason […]

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