Some small towns have truly kicked into high gear by creating a sizable number of new jobs. The Cajun town of Lafayette, Louisiana, for example, ballooned from 150,000 jobs to now nearly 170,000 jobs in a short two year time span. But what about big … [Read more...]
Small Town Job Recovery
The nation’s job market is slowly recovering. Slowly is the proper description when the one year percentage gain to October has been only 1.5 percent. However, some small-sized cities are moving at a very fast clip. Here are some examples of top … [Read more...]
Lenders Reluctant to Issue FHA Loans
REALTORS® have been aware of tight lending conditions for years. Data on average FICO scores, debt-to-income ratios and downpayments support this conclusion. However, a recent survey conducted by the Federal Reserve sheds more light on which … [Read more...]
The Fiscal Cliff and Deficits
The fiscal cliff cannot be allowed to occur or the economy will go into a recession. A fresh round of job cuts is the last thing the real estate market needs just as it is emerging out of a prolonged slump. A likely outcome would see small tweaks … [Read more...]
Homeownership rate to fall even as more become homeowners
This year will mark the seventh consecutive year of a falling homeownership rate, with further declines possibly in store over the next two years. However, the projected fall in the homeownership rate will not be related to the usual trade-off … [Read more...]
Case-Shiller Price Upturn
Home prices are rising by every measure, including in the latest data from Case-Shiller measuring price trends in 20 major metro markets. The price index accelerated to two percent appreciation from one year ago as of August. The gain had been 0.6 … [Read more...]
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