NEW YORK (CNNMoney) — Foreclosure filings in April fell for the third straight month to the lowest level since July 2007. Total foreclosure activity for ...
This week Dan talks about Mobile Home Investing We discussed the great benefits of Mobile Homes.
The pace of housing starts came in at an annual rate of 1.04 million in the month, up 7% from February and 47% from a year earlier. It marked the first time since June 2008 that the pace of building crossed the 1 million benchmark. Even with the recent gains in the sector, the reading was much stronger than forecasts. But much of the spike in housing starts was due to a surge in building apartment and condominium complexes with five or more homes in them. Those units jumped by [...]
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Fannie Mae economists say that “the broadening housing recovery could very well be more robust” than they anticipated, according to the mortgage giant’s lately monthly economic outlook report. Low inventories of homes for sale are contributing to rapid price increases all across the country, which are expected to continue throughout this year. Fannie Mae economists predict that existing-home prices will rise 5.1 percent in 2013, reaching a median $186,000. They also predict home prices will increase another 3.8 percent in 2014, reaching $193,000. New-home prices are expected to rise 4.1 percent [...]