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The Los Angeles Times reports from California. "Interest rates on an average 30-year fixed-rate mortgage hit 4.1% this week, a low for the year, according to Freddie Mac. It's helping to ease the pain of home prices that have climbed by one-third in Southern California over the last two years. When...
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A holiday desk clearing post. "For a while in the wake of the housing crash, the answer was pretty clear: If you could swing it, buy now. But things have changed rapidly. Prices in Southern California have climbed by a third in two years. The post-crash bargain bin has been picked clean. Yet doubts...
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The Marin Independent Journal reports from California. "Marin home prices edged up 5 percent in July. The median price of a single-family home was $960,000 in the county, and 276 homes sold this July, compared with 325 in July 2013, according to CoreLogic DataQuick. Sales were down in most Bay Area...
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The Daily Mail reports from the UK. "One in five of the 171,000 loans taken out in the second quarter of this year had a term of 30 years or longer, according to the Council of Mortgage Lenders. Among first-time buyers the figure was even higher, at 28 per cent. Ray Boulger, of mortgage broker John...
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I've been running into a problem due to my schedule and the news flow. It's that I find many interesting housing bubble related articles, but not enough to create a typical HHB post. Then time goes on and I end up putting 40 or more links into the desk clearing post, even while I may not have...
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It's Friday desk clearing time for this blogger. "Only 95 African-American couples or families applied for home-purchase mortgages in all of Multnomah County in 2012, a paltry 1.5 percent of the total, according to federal data. Six years earlier, before the housing bubble popped, 575 black...
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