Follow Me on Twitter

Florida Woman Sentenced for Role in Reverse Mortgage Fraud Scheme

A Miami title agent and former mortgage broker was sentenced today for her role in a reverse mortgage loan fraud scheme.

Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division, U.S. Attorney Wifredo A. Ferrer of the Southern District of Florida, and Special Agent in Charge Lester Fernandez of the U.S. Department of Housing and Urban Development, Office of Inspector General (HUD-OIG) made the announcement after sentencing by Senior Judge Richard W. Goldberg, sitting by designation in the Southern District of Florida. Continue reading Florida Woman Sentenced for Role in Reverse Mortgage Fraud Scheme

Sweeping Changes Coming To Flood Insurance Program (Video)

flood insuranceIf you live in a coastal area, or other area prone to flooding, you are probably all too familiar with the National Flood Insurance Program and if not, consider yourself lucky!  There are sweeping changes coming to the National Flood Insurance Program as a result of the Biggert-Waters Flood Insurance Reform Act of 2012.  This  short (4 minute) video from FEMA, while it is a little technical and directed toward professionals in the industry, does a great job explaining changes to the program that will come about as a result of the act.

New home sales rise thirty-eight percent from year ago

New home sales riseNew home sales were on the rise in June, coming in at the highest rate in 5 years, 497,000 homes, according to data just released by the U.S. Census Bureau and HUD.  June new home sale were at a rate that is 8.3 percent higher than the month before and 38.1 percent higher than June 2012 when new homes were sold at the rate of 360,000 homes a year.

New homes sold in the month of June 2013 were sold for a median price of $249,700, a decrease of 5 percent from the month before and an increase of 7.3 percent from a year ago when the median new home sales price was $232,600.

Over one-third of Americans own their house free and clear

house free and clearSlightly more than one in three American’s (34.1 percent) own their home free and clear, or in other words, don’t have a mortgage, according to data just released by the U.S. Census bureau.  According to the 2011 American Housing Survey, the median homeowner has a mortgage payment  of $1,015 per month, homeowners insurance of $696 a year,  property taxes of $1,812 per year and spend $396 per year on routine maintenance.

Click here for complete American Housing Survey Results.

 

House Flipping On The Rise

house flipping - Dennis Norman, St Louis RealtorHouse flipping occurred 136,184 times during the first half of 2013, according to a report released this morning by RealtyTrac.  House flipping, defined for the purpose of this report as a home that was purchased and then sold again within six months by the new owner, was up 19 percent from a year ago and is up 74 percent from two years ago.

Flipping houses has proved to be profitable as investors made an average gross profit of $18,391 on flips of single-family homes during the first half of 2013.  This represents an increase of 246 percent from a year ago when the average gross return was $5,321, according to RealtyTrac.

Top 15 Markets for Profitable Home Flipping Continue reading House Flipping On The Rise

Home Prices Increased 7.7 Percent In 25 City Composite Over Past Year

home prices increasedSt Louis REALTORHome prices increased 7.7 percent in the past year in the 25 city composite made up of 25 major metro areas throughout the U.S., according to the latest data from MORE, REALTORS.  As the charts below show, the median home price for the 25 city composite was  $371,995 back in July 2012 and is presently $400,620.  In the meantime, the supply of homes available for sale has dropped dramatically, 17 percent to be exact, falling from 422,314 homes for sale a year ago to 360,877 homes for sale presently.

The charts below depict the dramatic change in the past year… Continue reading Home Prices Increased 7.7 Percent In 25 City Composite Over Past Year

New Home Building Up Over Eleven Percent From Year Ago

New Home Building -  St Louis Realtor Dennis NormanNew home building activity in June slipped a little from the month before but was still at a much improved pace from a year ago, according to a report released today from the U.S. Census Bureau.  According to the report, new home building starts in June were at a rate of 591,000 homes a year, a slight decline from the month before (0.8 percent) but an increase of 11.5 percent from June 2012 when the rate was just 530,000 homes.  However, building permits issued in June (a sign of things to come) were issued at a rate of 624,000 homes a year, a slight increase from May (0.6 percent) and a whopping increase of 24.6 percent from a year ago.

New Home Builders’ Confidence In Housing Market Hits Seven Year High

new home buildersNew home builders are reporting an improvement in the traffic through displays by prospective buyers and have increased sales expectations for the coming few months, according to a survey by the  National Association of Home Builders and Wells Fargo.  According to the survey, new home builders’ confidence in the new home market increased in July, marking the third consecutive month of increased confidence and hit the highest level it has been since January 2006.

Highlights from the survey:

  • This survey shows an improvement in builder confidence across every region
  • Builders reported solid gains in current sales conditions, traffic of prospective buyers and sales expectations for the next six months

Congress could mess it up though:

There was a word of caution in the report, coming from NAHB Chairman Rick Judson, a home builder from Charlotte, N.C. However, who cautioned that “This positive momentum could be disrupted by threats on the policy side, particularly with regard to the mortgage interest deduction and federal support for the housing finance system.”

 

Portland Is For The Birds; Chickens That Is

portland chickensPortland Oregon is the chicken capital of the U.S. well, at least in terms of the number of homes for sale that have hit the market in the past three months including a “chicken enclosure” as a feature, according to the “Best Cities To Be A Chicken” report from Redfin.

Fresh eggs from “urban chickens” has become a hot trend among people around the country and in fact, in many places, have people “squawking” about chickens, city councils passing chicken ordinances prohibiting them all together or limiting the number and, in most cases, prohibiting those noisy roosters.

The top 5 Cities to Be A Chicken: Continue reading Portland Is For The Birds; Chickens That Is

Foreclosure Starts Down 45 Percent From Year Ago; Lowest Level In Over 7 Years

foreclosure startsForeclosure starts (newly published ads for foreclosure auctions) in June dropped 21 percent from the month before and were down a whopping 45 percent from a year ago, according to a report released this morning by RealtyTrac.  This marks the lowest level for foreclosure starts since before the real estate bust…December 2005 to be exact.

Foreclosure activity in general was down during the first half of 2013 as well with 801,359 properties receiving a foreclosure filing during the period, a decline of 19 percent from the previous 6 month period and a decline of 23 percent from the first half of 2012.

Highlights from RealtyTrac’s June 2013 Foreclosure Report:

  • A total of 127,790 U.S. properties had foreclosure filings in June, down 14 percent from the previous month and down 35 percent from a year ago to the lowest monthly level since December 2006 — a six and a half year low.
  • U.S. foreclosure starts in June dropped 21 percent from the previous month and were down 45 percent from a year ago to the lowest monthly level since December 2005 — a seven and a half year low. Year to date through June, 409,491 foreclosure starts have been filed nationwide, on pace to reach more than 800,000 for the year, which would be down from 1.1 million foreclosure starts in 2012.
  • Foreclosure starts in June decreased from the previous month in 38 states, including Nevada (down 84 percent), Colorado (down 62 percent), New Jersey (down 40 percent), Illinois (down 39 percent) and Florida (down 26 percent).
  • Bank repossessions (REO) in June decreased 9 percent from the previous month and were down 35 percent from a year ago. Year to date through June, a total of 248,538 bank repossessions have occurred nationwide, on pace for nearly 500,000 for the year, which would be down from more than 671,000 in 2012.
  • Bank repossessions in June decreased from a year ago in 34 states, but there were some notable exceptions where bank repossessions were up from a year ago, including Arkansas (up 143 percent), Oklahoma (up 103 percent), Maryland (up 74 percent), Washington (up 71 percent), New Jersey (up 33 percent), and New York (up 21 percent).
  • Judicial foreclosure auctions (NFS) were scheduled for 28,296 U.S. properties in June, up less than 1 percent from May but up 34 percent from June 2012. States with substantial annual increases in scheduled judicial foreclosure auctions included New Jersey (up 103 percent), Florida (up 100 percent), Maryland (up 94 percent), New York (up 66 percent), and Illinois (up 65 percent to a 35-month high).
  • Florida, Nevada, Illinois, Ohio and Georgia posted the top five state foreclosure rates for the first half of the year, while five Florida cities posted the top five metro foreclosure rates: Miami, Orlando, Jacksonville, Ocala, and Tampa.

foreclosure-activity-june-2013-realtytrac

average-time-to-foreclose

Foreclosure Inventory in U.S. Down Almost A Third From Year Ago

foreclosure inventoryThe foreclosure inventory in May declined as there were 52,000 completed foreclosures in the U.S., down 27 percent from a year ago when there were 71,000 foreclosures, according to a newly released report from CoreLogic.

Shadow inventory (foreclosed homes that have not hit the market) is on the decline as well falling below one million homes in April, a decline of 34 percent from it’s peak in 2010, when it reached 3 million homes.

Mortgage delinquencies are improving as well with less than 2.3 million mortgages (5.6 percent of total mortgages) being seriously delinquent as of the end of May.  This is the lowest level for mortgage delinquencies since December 2008.

Judicial Foreclosure States Foreclosure Ranking (Ranked by Completed Foreclosures):

Judicial States May 2013
Foreclosure Inventory Foreclosure Inventory Pct. Point Change from a Year Ago Completed Foreclosures (12 months ending May 2013) Serious Delinquency Rate
National 2.6% -1.3% 706,349 5.6%
Florida 8.8% -2.9% 103,087 13.3%
Illinois 4.0% -1.4% 31,408 7.5%
Ohio 2.6% -0.9% 29,581 5.8%
Indiana 2.5% -0.9% 18,479 5.2%
Pennsylvania 2.7% -0.5% 13,956 5.5%
South Carolina 2.7% -0.8% 10,080 5.2%
Oklahoma 2.3% -0.4% 8,736 4.6%
Louisiana 2.0% -0.5% 7,513 5.1%
Iowa 1.7% -0.4% 4,901 3.3%
Maryland 3.4% -0.5% 4,788 7.4%
New York 4.8% -0.3% 3,847 8.0%
Massachusetts 1.8% -0.2% 3,842 4.9%
Connecticut 4.1% -0.4% 3,649 6.9%
New Jersey 6.0% -0.7% 3,321 10.8%
Kansas 1.3% -0.4% 3,031 3.5%
New Mexico 2.8% -0.7% 2,847 5.0%
Kentucky 2.0% -0.8% 2,208 4.6%
Nebraska 0.8% -0.2% 1,832 2.3%
Delaware 2.7% -0.1% 1,161 6.3%
Maine 4.1% 0.0% 644 6.7%
North Dakota 0.6% -0.2% 467 1.2%
Hawaii 3.7% -0.5% 453 5.6%
South Dakota 0.9% -0.4% N/A 2.0%
Vermont 2.3% -0.2% N/A 3.8%

Source: CoreLogic May 2013

Non-Judicial Foreclosure States Foreclosure Ranking (Ranked by Completed Foreclosures):

Non-Judicial States May 2013
Foreclosure Inventory Foreclosure Inventory Pct. Point Change from a Year Ago Completed Foreclosures (12 months ending May 2013) Serious Delinquency Rate
National 2.6% -1.3% 706,349 5.6%
California 1.2% -1.3% 76,063 3.9%
Michigan 1.1% -0.9% 63,624 4.2%
Texas 1.1% -0.4% 51,101 3.4%
Georgia 1.7% -0.7% 47,069 5.5%
Arizona 1.1% -1.5% 32,910 3.4%
North Carolina 1.7% -0.7% 26,577 4.5%
Tennessee 1.2% -0.6% 21,027 4.8%
Washington 2.2% 0.1% 18,323 5.4%
Missouri 1.0% -0.5% 16,367 3.5%
Colorado 0.8% -0.6% 14,039 2.6%
Minnesota 0.9% -0.7% 12,931 3.1%
Virginia 0.8% -0.7% 12,666 3.2%
Nevada 4.0% -1.0% 11,320 9.3%
Wisconsin 1.4% -0.7% 10,348 3.4%
Alabama 1.2% -0.3% 6,469 4.9%
Oregon 2.8% -0.4% 4,536 4.9%
Arkansas 1.8% 0.2% 4,298 5.3%
Idaho 1.9% -0.6% 4,081 3.9%
Utah 1.4% -0.3% 3,825 3.6%
New Hampshire 1.2% -0.4% 2,383 3.7%
Rhode Island 2.5% -0.4% 1,614 6.7%
Montana 0.9% -0.5% 1,379 2.2%
Mississippi 1.6% -1.1% 1,215 6.2%
Alaska 0.6% -0.3% 886 1.8%
Wyoming 0.5% -0.2% 844 1.8%
West Virginia 1.1% -0.4% 517 3.2%
District of Columbia 2.1% -0.3% 108 5.1%

Source: CoreLogic May 2013

Foreclosure Data for the Largest Core Based Statistical Areas (CBSAs) Based on Population (Ranked by Completed Foreclosures):

CBSA May 2013
Foreclosure Inventory Foreclosure Inventory Pct. Point Change from a Year Ago Completed Foreclosures (12 months ending May 2013) Serious Delinquency Rate
Atlanta-Sandy Springs-Marietta, GA 1.9% -0.9% 30,029 5.9%
Phoenix-Mesa-Glendale, AZ 1.0% -1.7% 21,186 3.2%
Chicago-Joliet-Naperville, IL 4.7% -1.6% 20,536 8.7%
Riverside-San Bernardino-Ontario, CA 1.7% -1.9% 15,719 5.6%
Houston-Sugar Land-Baytown, TX 1.1% -0.6% 13,614 3.5%
Los Angeles-Long Beach-Glendale, CA 1.3% -1.2% 12,561 4.2%
Minneapolis-St. Paul-Bloomington, MN-WI 1.0% -0.8% 10,746 3.2%
Dallas-Plano-Irving, TX 1.2% -0.4% 9,693 3.7%
Seattle-Bellevue-Everett, WA 2.0% -0.1% 6,811 5.0%
Denver-Aurora-Broomfield, CO 0.8% -0.7% 6,504 2.6%
Philadelphia, PA 2.6% -0.4% 4,909 5.4%
San Diego-Carlsbad-San Marcos, CA 1.0% -1.1% 4,832 3.3%
Washington-Arlington-Alexandria, DC-VA-MD-WV 1.8% -0.7% 4,526 4.7%
Baltimore-Towson, MD 3.4% -0.5% 2,092 7.3%
New York-White Plains-Wayne, NY-NJ 5.0% -0.6% 1,142 8.4%

Source: CoreLogic May 2013

Completed Foreclosures | Source: CoreLogic
CoreLogic Serious Delinquency Rates | Source: CoreLogic

Eighty Percent Of Recent Home Buyers Say Their Home Is A Good Investment

Home Is A Good Investment

Eighty percent of recent home buyers say their home is a good investment, according to the National Association of REALTORS Home Buyer and Seller Generation Trends Report.  The youngest group of home buyers, those 32 years of age and below, are even more satisfied with their home purchase evidenced by 85 percent of this group saying their home is a good investment.

Who is buying homes? Continue reading Eighty Percent Of Recent Home Buyers Say Their Home Is A Good Investment

Number of underwater homeowners falls almost 50 percent from year ago

underwater homeownersThe number of underwater homeowners (those homeowners with a mortgage balance which exceeds the current value of their home) fell in the first quarter of this year to just 7.3 million loans, or less than 15 percent of all homeowners with a mortgage, according to just released data from  Lenders Processing Services (LPS).  The number of underwater homeowners in the first quarter of 2013 is down almost 50 percent from the first quarter of 2012!

In addition, the number of homeowners that are delinquent on their mortgages fell in May, bringing the total decline in the mortgage delinquency rate to more than 15 percent since the end of 2012, marking the the largest year-to-date drop since 2002.

Total U.S. loan delinquency rate: 6.08%
Month-over-month change in delinquency rate: -2.11%
Total U.S. foreclosure presale inventory rate: 3.05%
Month-over-month change in foreclosure pre-sale inventory rate: -3.91%
States with highest percentage of non-current* loans: FL, NJ, MS, NV, NY
States with the lowest percentage of non-current* loans: MT, AK, WY, SD, ND

Source: LPS

God Bless America!

God Bless America - US Constitution

Get The Facts – Housefax That Is

housefax - St Louis Realtor, Dennis NormanYou are probably familiar with Carfax, the company that, according to it’s website, helps you “avoid buying used cars with costly hidden problems”, but did you know there is a company called “Housefax” too?  I came across this today and found it interesting.  The company was founded last year  ”to serve the growing consumer need for buyer-beware information before they purchase a home” according to their website.

I’ll be honest, I was (am) a little skeptical as to whether or not the information this company Continue reading Get The Facts – Housefax That Is

The Roller Coaster Ride of Home Prices In The West

Home Prices In The West - Coastal Realtor - Dennis NormanHome prices throughout the U.S. are on the rise, however, the states with the largest increases in home prices from a year ago are concentrated on the west coast, according to the Home Price Index report by CoreLogic.  Home prices in the U.S. as a whole rose 12.2 percent from a year ago, the largest year-over-year increase in over six years, however paled in comparison to the five states with the highest increase, 4 of which are on the west coast and the other one way west (Hawaii).

Anand Nallathambi, president and CEO of CoreLogic said “home price appreciation, particularly in much of the western half of hte U.S., is increasing at a torrid pace“.  Continue reading The Roller Coaster Ride of Home Prices In The West

Eighty Six Percent of Real Estate Agents Say Now Is A Good Time to Sell

A Good Time to SellNow is a good time to sell a home according to 86 percent of the real estate agents surveyed in June, according to survey results just released by Redfin.  In fact, those agents called the current housing market a “strong seller’s market”.  Conversely, only 46 percent of the agents surveyed think now is a good time to buy a home in their market (not surprising, given the declining inventories and increasing prices that are making it a seller’s market).

Highlights from the survey: Continue reading Eighty Six Percent of Real Estate Agents Say Now Is A Good Time to Sell

Home Sales Index At Highest Level In May In Over 6 Years

home sales

Home sales, as measured by the National Association of REALTORS (NAR) Pending Home Sales Index,  hit a six year high in May.   The NAR pending home sales index hit 112.3 in May a 6.7 percent increase from April and an increase of 12.1 percent from May 2012 when the index was at 100.2.  For the index, 100 is the the benchmark and is equal to average home sales in 2001 when the index began.

Click here for the complete NAR Pending home sales report.

 

 

What are the best suburban areas in America?

best suburban areasThe best “Booming Suburb” in the U.S. is Cottage Lake, Washington, according to Coldwell Bankers “Booming Suburbs” rankings.  The booming suburbs ranking looked at 1,500 communities around the U.S. and ranked them based on increases in employment, unemployment rates and a range of other attributes including proximity to good schools, banks, etc. as well as community safety.

Booming Suburbs In America: Continue reading What are the best suburban areas in America?

What Are The Safest Cities In The U.S.?

the safest citiesThe list of the safest cities in America finds Bethesda, Maryland, Grand Rapids Michigan and Pittsburgh, Pennsylvania in the top spots, according to the report from Farmers Insurance Group of Companies®.  In compiling the top 20 list of safest cities (population 500,000 or more), Farmers ranks the cities on safety and security taking into account things like economic stability, crime stat, weather extremes, foreclosures, car fatalities and employment.

Below is the complete top 20 safest cities list: Continue reading What Are The Safest Cities In The U.S.?

New Homes Are Selling At Rate Approaching Half Million A Year

New Homes Are SellingNew homes are selling at a rate of 476,000 homes per year as of May 2013, according to the latest data from HUD.  This new home sales rate for May is an increase of 2.1 percent from April and an increase of 29 percent from May 2012 when new homes were selling at a rate of 369,000 homes.

Also up are new home sales prices with the median price of a new home sold in May coming in at 263,900, and increase of 10.3 percent from May 2012 when the median price of a new home was $239,200.

Housing Markets That Are Coming Back

Housing Markets That Are Coming BackThere are many cities around the country with housing markets that are coming back from the crash that began about 5 years ago.  Below are eight housing markets housing markets that are making a come back and rebounding from their lows, with home prices on the rise and the markets heating up.  Our charts below show home prices in red for each market  and our Market Action Index (an index that weighs the balance of supply and demand) in olive going back about 3 years ago.

(If you would like to see charts for other cities, please click here to contact me and let me know the city you want) Continue reading Housing Markets That Are Coming Back

Rising Home Prices and Interest Rates Motivating Home Buyers

Rising Home Prices

Rising home prices and the concern over interest rates following suit is motivating home buyers to make a move sooner than later, according to a survey just released by LendingTree.  The survey was conducted on people that are considering purchasing a home in the next year and reveals that sixty-eight (68) percent of them expect home prices to rise and sixty-four (64) percent expect interest rates to rise as well.

The survey also shows that over half (57%) of these would-be home buyers are first-time home buyers showing the significant impact first-time buyers will continue to have on the recovering housing market.

 

Home Builders’ Optimism Hits Highest Level In Over 6 Years

Home Builders' OptimismHome builders optimism about the housing market hit an important milestone in June, and the highest level since April 2006, according to the NAHB/Wells Fargo Housing Market Index (HMI).  The index compares how many home builders with a positive outlook on current market conditions with builders with a negative outlook to reach an index number.  An index about 50 indicates more builders are optimistic about the market than negative on the market.

The chart below shows the history of the index. Continue reading Home Builders’ Optimism Hits Highest Level In Over 6 Years

Could we be headed to another housing bubble?

housing bubbleThe housing bubble we saw peak in 2006 is what proceeded the tumbling home prices, sky-rocketing foreclosure rates and general state of disaster for the housing market for the past few years.  Now, for the first time since, we are starting to hear the term “housing bubble” again and this time some are asking if we are perhaps headed to another one?

In their latest home price report, CoreLogic addresses this issue and points out that the 12.1 percent increase in the CoreLogic home price index in April was the biggest year over year gain since February 2006 and was also the 14th consecutive month of year-over-year increases in home prices.  While this is good news for many homeowners, including those underwater homeowners that increased home prices are pulling out of negative equity, the report cautions that the double-digit home price gains also “prompt caution” and makes some ask “are we witnessing a new housing bubble?Continue reading Could we be headed to another housing bubble?

New Home Construction In May Rises Slightly

New Home ConstructionNew home construction in Mary rose slightly in May with construction commencing on new homes at a seasonally adjusted, annual, rate of 599,000 homes, up slightly (0.3 percent) from April when the rate was 597,000 homes, according to  the latest report  from HUD.

Building permits for new homes were issued in May at the annual rate of 622,000 homes, an increase of 1.3 percent from April’s rate of 614,000.  There were new homes completed in May at the annual rate of 546,000 homes, an increase of 4.2 percent from April’s rate of  524,000 homes.

 

 

 

Report Says Investors Are Fueling The Housing Market and Home Prices

Home pricesIf you remove the home sales resulting from investor purchases over the past year, then there would be no increase in home sales in the past year for the 25 major metro areas covered by a report issued by RadarLogic.

According to the report, Institutional Investors accounted for about 12 percent of all home sales as of March 2013, a 33 percent increase from a year ago when it just accounted for 9 percent of home sales.

RadarLogic cautions that this investor activity can have an “outsized” impact on home prices noting that “investor purchases accounted for the entire year-on-year gain in aggregate transaction activity across the 25 MSAs”.   If the institutional investor activity is removed from the market, home purchases actually declined year over year according to the report. Continue reading Report Says Investors Are Fueling The Housing Market and Home Prices

Foreclosures on the decline as housing market recovers

housing market recoversForeclosure activity is declining as the housing market recovers from the worst market we’ve seen in decades.  In May, there were 148,054 homeowners in the U.S. that received some sort of foreclosure filing (default notices, foreclosure auctions and bank repossessions), which is an increase of 2 percent from April (although April saw the lowest amount of foreclosure filings in 75 months) but a decrease of 28 percent from a year ago.

Highlights from the May 2013 Foreclosure Report: Continue reading Foreclosures on the decline as housing market recovers

Homeowners In Negative Equity Position Falls Below 10 Million Mark

homeowners, negative equityThere were 9.7 million homeowners in the first quarter of this year that were in a negative equity (or underwater) position on their home, meaning their current mortgage balance exceeded the value of their home, according to a report by CoreLogic.  This means 19.8 percent of all homeowners with a mortgage were in a negative equity position, which is an improvement from 21.7 percent the prior quarter.

In addition, there were another 11.2 million homeowners with less than 20 percent equity and 2.1 million of them in a “near negative equity” position with less than 5 percent equity.

According to the report, the average homeowner with a mortgage has average equity of 32.8 percent.

Continue reading Homeowners In Negative Equity Position Falls Below 10 Million Mark

Consumers’ Optimism About Housing Market On The Rise

housing marketConsumers are continuing to feel more optimistic about the housing market, home prices and the availability of financing according to Fannie Mae’s National Housing Survey for May.  Survey results show that 76 percent of Americans think now is a good time to buy a house and 40 percent of those surveyed say now is a good time to sell a home.

Potential home buyers are also feeling better about obtaining a mortgage to buy a home with 46 percent saying it would be easy to get a home loan today, however 50 percent believe it would be difficult to obtain a mortgage.

SURVEY HIGHLIGHTS: Continue reading Consumers’ Optimism About Housing Market On The Rise