Credit

January 31, 2017

Down Payments Eat Up Large Chunk of Income

To meet a 20% down payment, homebuyers on average have to spend more than two-thirds of the average annual income, according to a report from Zillow. […]
January 26, 2017

Higher Interest Rates Could Hit Some Homeowners Hard

Mortgage rates, while down over the past two weeks, have trended higher since the election of President-elect Donald Trump.  In December, the Federal Reserve made its first and last […]
January 25, 2017

Credit Defaults Expected to Slow

Credit managers continue to believe credit defaults will increase over the next 12 months, although the overall sentiment is improving, according to the latest quarterly survey […]
January 24, 2017

U.S. Economy Will Perform Well in 2017

Commercial real estate services firm Cushman & Wakefield predicts that, despite a turbulent 2016, the American economy will perform well under the new Donald Trump administration […]
January 20, 2017

Homeowners and Appraisers Don’t See Eye to Eye

For the past few months, homeowners’ estimates of their home prices grew closer and closer to the appraised amount, and in November they nearly hit the mark. However, […]
January 18, 2017

Will Higher Interest Rates Lead Buyers to Cheaper Homes?

Homebuyers haven’t had it easy lately. Prices were up nearly 8% in November compared to last year while inventory declined.  Add rising mortgage rates to the […]
January 17, 2017

Mortgage Credit Loosens in December

The recent upward trend in mortgage credit availability didn’t let up in December, according to the latest report from the Mortgage Bankers Association.  The newest Mortgage Credit […]
January 13, 2017

Credit and Debit Card Payments Increase

Card payments by consumers, influenced by an increase in the use of debit cards and credit cards, grew from 2012 to 2015, according to the 2016 Federal […]
January 12, 2017

Affordability Falls to Worst Level in 8 Years

Affordability in the housing market declined to its lowest level since the fourth quarter of 2008, according to the latest Home Affordability Index from ATTOM Data Solutions.  […]