From our research department at Teles Properties:
The question is still- “What is Happening in the Market?” This week, “Inside the Market” is highlighting a few articles that seem to address where we are and where things are going for the real estate market. Topics include historically low mortgage rates, a housing market ready for a rebound, falling or rising home prices and the difficulty for some home buyers. Take a look at all the articles below and share your thoughts!
December 12 – 16, 2011
Articles:
“Residential Housing Ready to Awaken?”
After half a decade of withering sales and slumping prices, there are strong and diverse signs that the single-family housing market is poised for a rebound.
CNBC
“Mortgage Rates Hold Near Record Low ”
Fixed mortgage rates in the U.S. again held near record lows over the past week, according to Freddie Mac’s weekly survey of mortgage rates.
Wall Street Journal
“Why Home Prices Are (and Aren’t) Stabilizing”
Home prices are falling again, but some analysts see a silver lining because the prices of homes that aren’t selling out of foreclosure have been holding steady.
Wall Street Journal
“Lower Credit Scores Slow Housing Recovery by Thwarting Sales”
Many Americans’ credit scores have fallen because of economic distress in the last few years. It’s probably affecting their ability to get a new mortgage or buy a house
Los Angeles Times
To download the articles from this segment, click on the following links:
Residential Housing Market Ready to Rebound
Mortgage Rates Hold Near Record Low
Why Home Prices Are (and Aren’t) Stabilizing
Lower Credit Scores Slow Housing Recovery by Thwarting Sales