Vero Beach Real Estate
Over the past month or two, it looked as though the Vero Beach housing recovery was beginning to soften. According to an article at RisMedia, the results of Fannie Mae's National Housing Survey for August found that even though the jobs market has improved this year, consumers are still concerned about their income. Vero Beach Housing Recovery to be Slow […]
The Vero Beach housing recovery is continuing to move in a positive direction, but more work needs to be done to help the economy fully recover. The Obama administration said in its June housing scorecard, which is a comprehensive report on the nation's housing market prepared by U.S. Department of Housing and Urban Development and the U.S. Department of the […]
The Vero Beach housing recovery should regain its footing, but at the same time, faces a number of challenges. This, according to a new survey by the Joint Center for Housing Studies at Harvard University. The State of the Nation's Housing report released recently says tight credit, high unemployment and mounting student loan debt among young Americans are moderating growth […]
There is doubt circulating as to whether the Vero Beach housing recovery will continue. Mortgage applications are down and refinancing is down dramatically since interest rates started rising throughout the summer. A lot of banks are laying off workers in the mortgage refinancing departments in anticipation of slower refinance applications into the future. In a recent CNBC interview, Anthony Chan, […]
Fannie Mae still believes that higher mortgage rates won't hurt the Vero Beach housing recovery. After looking at mortgage rates going back to 1990, Fannie Mae's researchers came to the surprising conclusion that while rising rates were likely to hurt the number of home sales, they had virtually no impact on actual home prices. The study, which compared historic mortgage […]
