Feb. Marks Best Home Sales since 2009
Very much in line with what we have been hearing, CNNMoney tells MHProNews the National Association of Realtors reports the sale of existing homes reached a seasonally-adjusted annual rate (SAAR) of...
View ArticleFalling Inventory (and not much else) is Driving Prices
In describing the housing market as in “pre-covery” instead of “recovery”, the only factor that has really changed in the housing market is falling inventory, according to Jonathan Miller, writing on...
View Article2012 Home Sales Best since Downturn
CNNMoney reports according to the National Association of Realtors (NAR) sales of previously owned homes in 2012 recorded their best year since 2007, nine percent over 2011, to 4.65 million homes sold....
View ArticleNew Home Sales Up 15% over Year Ago
CNNMoney reports the Census Bureau says new home sales hit a seasonally-adjusted annual rate (SAAR) of 377,000 in Nov., an increase over Oct. of 4.4 percent and a rise of 15 percent over Nov. 2011. The...
View ArticleCommunity Banks Still on the Sidelines
Many community banks are still weighed down by non-performing construction loans, so their regulators do not want them issuing new construction loans, especially since so many small banks sank when the...
View ArticleHome Prices Post Largest Gain in Two Years Plus
According to the S&P/Case-Shiller Index, home prices registered the largest gain in over two years, moving up 3.6 percent in the third quarter over Q3 2011. CNNMoney reports the increase was the...
View ArticleCommercial Real Estate Gamble: Bet on MHCs
Marcus & Millichap’s Michael Glass says for commercial real estate investors seeking to diversify their portfolio, the stabilizing housing market and resurgence in financing can make manufactured...
View ArticleManufactured Housing Loan Advice
A reader tells the Las Vegas Review-Journal he purchased a new manufactured home in 2006 for $85,000 with $50,000 down and financed the balance for 20 years at 6.5%. The loan balance is $30,500 and the...
View ArticleInterest Rates Keep Dropping—But is it Good?
MHProNews has learned from HousingWire 15 and 30-year fixed rate mortgages (FRMs) are continuing to drop to historic lows. While last year at this time a 30-year FRM was at 4.55, as of Thurs. July 26...
View ArticleLack of Credit Access Hindering Recovery
The Manufactured Housing Institute (MHI) newsletter reports an article in the Wall Street Journal says access to credit may be the key to U.S. economic recovery. Noting those who already have access...
View ArticleMortgage Applications Spike
Mortgage Bankers Association (MBA) says the low interest rates led to mortgage applications climbing by 18 percent on a sequential basis for the week ending June 8, 2012, according to...
View Article30-Year FRM Drops Again
HousingWire tells MHProNews.com Zillow reports the 30-year fixed rate mortgage (FRM) dropped three basis points from 3.59 percent last week to 3.56 percent. The rate for a 15-year FRM hit 2.95 percent,...
View ArticleSouthwest City has Mixed Housing Results
The Santa Fe Association of Realtors (SFAR) tells the SantaFeNewMexican home sales are up in the area due to low interest rates and buyers fears that interest and prices will soon rise, but inventory...
View ArticleFOMC Notes: What to Do, What to Do?
MHProNews.com has learned from NationalMortgageNews the minutes from the Federal Open Market Committee (FOMC) meeting Dec. 13 reveal disappointment that attempts by the government to stimulate a...
View ArticleUnderwater Borrowers: A Chance to Breathe Again?
OriginationNews tells MHProNews that after a two-year study, a Columbus, Ohio-based insurance company has introduced the Home Value Protection(HVP) plan to offer a modicum of protection to homeowners...
View ArticleA Boost for housing by modifying Visas?
WashingtonPost reports that despite near record low interest rates, the National Association of Home Builders (NAHB) is pessimistic about a housing market recovery. A Catch-22 exists. We need more...
View ArticleHousing’s New Normal: Low Interest Rates, Shifting Demand – MH Opportunity?
At the recently held Data, Demand and Demographics: A Symposium on Housing Finance in Washington, D.C., CoreLogic Chief Economist Frank Nothaft shared a strong statement with housing insiders in...
View ArticlePennsylvania School District may Opt for Modular Additions
An increase in enrollment projections exceeding expectations in the Cumberland Valley School District in south central Pennsylvania is leading officials to consider an $88 million budget addition over...
View ArticleCenter for Housing Studies says Housing Recovery is Real
While the Census Bureau says home ownership is at its lowest point in 15 years, Harvard University’s Joint Center for Housing Studies reports “After across-the-board declines in 2011, all major house...
View ArticlePlenty of Hardship in the Land of Plenty
Adding to a story we posted July 4, 2013 from Harvard University’s annual Joint Center for Housing Studies, the report reveals 42.3 million families (37 percent of the nation’s total) pay more than 30...
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