Consumer optimism may bump into housing market reality

Consumer optimism may bump into housing market reality More than half of U.S. consumers expect home prices in their local market to return to their bubble-era highs within the next 10 years, according to the latest American Dream survey from real estate search and marketing site Trulia. Market research firm Harris Interactive conducted the biannual …

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Homeownership Still Holds High Emotional Value

Despite the economic downturn, a study conducted by Coldwell Banker and psychotherapist Dr. Robi Ludwig found that even though people‚Äôs feelings about homeownership have changed, owning a home is still very much a goal for many Americans. Coldwell Banker conducted the online survey through Harris Interactive and polled more than 2,100 adults aged 18 and …

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FHA mortgages are poised to get more expensive

The Federal Housing Administration (FHA) plans to impose significant restrictions on the amount of money that sellers can contribute at closing in the near future. The FHA also will be raising its mortgage insurance premiums during the coming weeks, increasing charges for new purchases across the board. Making sense of the story: One reason for …

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Stronger Lure for Prospective Home Buyers

Owning Continues to Become More Affordable Relative to Renting, but Several Obstacles Prevent Many From Biting Home prices and mortgage rates have fallen so far that the monthly cost of owning a home is more affordable than at any point in the past 15 years and is less expensive than renting in a growing number …

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