Each quarter, Fannie Mae releases their National Housing Survey. They survey the American public on a multitude of questions concerning today’s housing market. Here are some interesting findings from the most recent report:
84% of the general population believes that owning a home makes more sense than renting.
Keep Reading National Housing Survey 2012
One of the great things about this country is that we do a lot for those who have served us. And in the area of real estate financing, we can do exceptional things.
Understand that the VA (Veterans’ Administration) is, in the mortgage world, like HUD is with FHA financing. They are an insurance company, collecting premiums and using the backing of the Federal government to guarantee the payments to lenders. Because of the government’s guarantee, lenders can stretch traditional guidelines and offer very competitive terms (of course, while adhering to the VA’s guidance).
According to Forbes, home affordability is at the highest level ever in the 42 years that National Association of Realtors has been tracking it. Mortgage rates hover near all-time lows, with 30-year fixed loans just under 4%. And while the 10-year Treasury note yields around 2% and a 1-year CD an even stingier 1% or less, housing investments, specifically homes purchased as rental properties, return a 6.3% yield on average, according to Goldman Sachs.
On March 23, Citywide Home Loans hosted Economist Jeff Thredgold’s 2012 Real Estate Forecast at the Market Street Grill Cottonwood. This video highlights Jeff Thredgold’s informative presentation, and the article below emphasizes his important points.
Utah Economic Outlook
Winter 2012
Written by Jeff Thredgold, President, Thredgold Economic Associates
Economic Consultant to Zions Bank
NO ONE HORSE TOWN
Utah economic fortunes continue to improve, with solid performance in a variety of employment sectors. The Utah economy currently ranks third of the 50 states as measured by the growth rate of employment during the past year, trailing only North Dakota and Oklahoma, each significant energy players.
