If you are working with clients aiming to buy and finance a home in the near future, you’ll want to be sure to close the transaction before the end of the year.
Housing affordability dipped slightly during the second quarter according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), released today. Additionally, this past week, Freddie Mac released their U.S. Economic and Housing Market Outlook for the month of August, 2012 which revealed that their Price Index increased 4.8% from March to June, 2012 which was the largest quarterly increase in eight years.
So is this the end of the bargains for buyers?
August 16, 2012
Real Estate Outlook: Freddie Mac Predicts Positive Recovery
by Kenneth R. Harney
Could we be heading for a “double dip” in the economy, taking us back into recession, as some Wall Street analysts predict? Could the Federal Reserve’s planned departure from the mortgage securities market send home loan rates spiking upward, and knock the wind out of the housing recovery?
March 24, 2010