January 2017

Found 25 blog entries for January 2017.

The Bureau of Labor Statistics (BLS) will release its data on the January 2017 Employment Situation on Friday.

According to data from BLS' December report, 156,000 jobs were added last month, and job growth has averaged 165,000 over the three-month period from October to December—the lowest three-month average since June. The unemployment rate (4.7 percent) was changed little from November, and the labor participation rate (62.7 percent), which has hovered near a 40-year low for much of the last year, rose slightly from November to December.

Wage growth–a key factor in housing growth according to many economists–ticked up according to the Bureau of Labor Statistic (BLS) Employment Situation covering December 2016. Those numbers were up following a

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The National Credit Union Administration has released its outlook report for 2017, and the main theme is the uncertain nature of the policies and rates which are certain to be prevalent throughout the year.

Despite the many variables which will continue to affect the housing market and overall economy going forward into 2017, the housing market is looking considerably strong, especially when compared to 8 years ago.

As the report notes, “Home sales have also been rising. Through November, sales of new and existing homes averaged 6 million at an annual rate—up sharply from 4.6 million in 2011, when the economy was just starting to emerge from the housing bust. The current sales pace is still far below the inflated levels reached a decade ago, but it

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Brand-spanking new comes at a price these days. Here's how you can get the best deal on a new construction home.

Editor’s note: There’s nothing quite like moving into a brand-new home. Pristine appliances, every detail exactly to your taste, ding-free walls, no weird former owner — the appeal of buying new construction is pretty obvious. Every day this week, we’ll offer advice and perspectives on going the new construction route.  

If you’re in the market for a brand-new home, you’ve got a ton of options. Sales of new homes surged to an eight-year high in 2015, according to data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, and single-family production is estimated to reach 840,000 units in 2016, an 18 percent

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Single Parent Home Buyers: Start Here

When you’re a single parent, it can seem as though the stakes are higher in just about every decision you make, or action you take.

You may have all the family responsibility and little help with the most important issues.

This can make a home-buying effort – a huge project by most people’s standards – feel downright Olympic.

The Single Parent Home Buying Guide acknowledges the special difficulties you may face as a single parent, and helps with your particular challenges.

This includes the decision to buy or rent, minimizing your costs, qualifying for your home loan, and how the entire process works, from start to finish.

Our goal is helping you achieve a successful housing experience for you

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The aggregate value of the U.S. housing market is climbing due to the ongoing rise in home equity, according to the Urban Institute’s Housing Finance at a Glance Monthly Chartbook for January 2017.

The share of homes in the U.S. with negative equity is 6.3 percent (3.2 million homes) as of the end of the third quarter last year, according to CoreLogic’s latest data, which is a fraction of the peak negative equity rate of higher than 30 percent in 2012.

The result in the consistent rise in home equity over the last four-plus years has been an increase in the aggregate value of the housing market across the country, up to $23.9 trillion as of the end of Q3, according to Urban Institute. Total debt and mortgages made up $10.2 trillion of that $23.9

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A bill has been introduced in the Florida State Senate that would give lienholders more rights in the case of a residential foreclosure.

Florida H.B. 471, proposed by State Senator Jay Fant, a former Chairman and CEO with First Guaranty Bank & Trust Company, “Authorizes certain lienholders to use certain documents as admission in action to foreclose mortgage; provides that submission of certain documents in foreclosure action creates certain presumptions; authorizes lienholder to make request for judicial notice,” according to the language of the bill.

The bill authorizes a lienholder to use any documents from the mortgagee’s bankruptcy case that indicates an intention by the defendant to surrender the property. If the defendant does not withdraw

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child holding down payment fund

The fastest way to save a down payment? Start now.

By Kali Hawlk | Jan 02, 2017 9:15AM

Need to save $50,000? Here’s how to make it happen.

Thinking about buying a home in the near future? Whether it’s a home for sale in Houston, TX, or Las Vegas, NV, you’ll need a solid savings fund to accomplish this goal. In addition to covering such expenses as closing costs, escrow, and initial payments on taxes and insurance, cash is necessary for a down payment on your mortgage.

Planning to have 20% of a home’s purchase price to use as your down payment is a smart move. It not only makes you a more attractive borrower to a lender, but it also makes you a more reliable buyer. The more money you put down, the less likely

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mortgages in 2017

Mortgages In 2017 Are Different, And Mostly Better

There’s been lots of news about Fannie Mae and Freddie Mac guidelines for mortgages in 2017. FHA made changes, too. But you probably care less about what they are than how they affect your purchase or refinance.

It's important to know which programs and changes those are and how to get the most from them.

Starting in January 2017

Some changes are already in effect. You may have to re-start your application to benefit from them, however.

Buyers pay less on FHA Mortgage Insurance Premiums (MIP).

For mortgages closing on or after January 27, 2017, FHA will reduce MIP up to 25 basis points or .25 percent. The agency says this could save most new FHA borrowers up to $500 annually.

The

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Following a flurry of home sales in November, the total number of homes for sale in December declined to a three-year low, according to data provided by Redfin.

“Prospective sellers were hesitant to list last month,” said Redfin Chief Economist Nela Richardson. “Many of them are also buyers, and two transactions are much harder to pull off in a fast-paced, low-inventory environment than one. We expect sellers to list early in 2017, not only to make top dollar from eager buyers, but also to be in a position to act quickly when it comes time to make their next home purchase.”

Redfin receives current and local data from its agents positioned throughout the country. This allows the firm to have a comprehensive view of general real-estate trends

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