In the wake of the great recession, the housing market hit historic lows with prices falling roughly 30% and home sales falling by more than half.
Fannie Mae recently raised the cap on its maximum debt-to-income (DTI) ratio to 50%. Will it help?
An increasing share of foreign buyers are purchasing property in a central city/suburban area, while fewer foreign buyers are purchasing property in a resort area.
At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates increased to 4.14% this June, up compared to 3.84% a year ago.
Foreign buyers, typically purchased properties that are more expensive than properties purchased by domestic buyers.
Proximity to the home country, the presence of relatives, friends and associates, job and educational opportunities, and climate and location appear to be important considerations in deciding where to purchase a property.
California’s five metropolitan areas have become one of the 10 most expensive places for homebuyers.
Despite the slowdown in Chinese economic growth and tighter regulations on outflows of foreign exchange, Chinese foreign buyers remained as the top foreign buyer of U.S. residential property.
Americans have been cutting back on vehicle purchases in 2017 after having reached a 17.8 million annualized pace in the fourth quarter of last year.
Foreign buyer purchases accounted for 5% of existing home sales, and 10% of the dollar volume of existing-home sales.
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