by Robert Barone, CFA @ Seeking Alpha
Recession impact still resonates on today’s housing market.
A demand for houses does exist.
Regulations and constraints on financing are holding back the supply.
One of the key indicators of U.S. economic health is housing – both the turnover of the existing housing stock and the construction of new units. Existing home sales, new home sales, and housing starts all peaked earlier this year. Given the health of the U.S. consumer, as vividly demonstrated in the employment and auto sales data, it is puzzling why the housing numbers now appear to be so anemic.
Full article HERE
It has been seven years since the mortgage crisis first hit the country, and much has been written about “recovery” for housing and for the consumer lending market. Is that “recovery” finally upon us now?
According to a study released by TransUnion on Wednesday, yes, the consumer lending market will experience a full recovery from both the mortgage crisis and the subsequent Great Recession by the end of 2016.
More here @ DSNews.com
We’ve previously explored homebuyers’ “Do’s and Don’ts” and uncovered some vital tips that help or hinder the home buying process. In today’s special edition, we examine hints for successfully coping with TRID (the new TILA-RESPA Integrated Disclosures rules that go into effect this weekend). As always, the “Do’s” contain very real helpful points to avoid closing delays, while the “Don’ts” offer a somewhat satirical look at potential (but hopefully improbable) real life situations that will complicate or delay closings, particularly given TRID’s stringent new requirements.
TRID Do: Discuss your loan options in detail with your lender, and apply once you have decided which loan best suits your needs.
TRID Don’t: Ask your lender for a LE (Loan Estimate) on a 30 year fixed loan, then opt for a 15 year 5 days before your scheduled closing….