Daily Real Estate News | Monday, November 24, 2014 Mortgage financing giant Fannie Mae dropped its mortgage rate forecast for next year about two-tenths of a percentage points from its prior forecast, projecting 30-year fixed rates will remain lower than initially thought, at about 4.3 percent next year. This will cheapen the borrowing costs for home buyers and refinancers, helping … Read More
Forbes Magazine Ranks Jackson Hole the Top Ski Resort in the USA
Forbes Magazine recently ranked the top 20 ski resorts in the USA for 2014. They use an “algorithm” they call the Pure Awesomeness Factor (PAF). Here’s how they break it down: “This year’s rankings: We spent a good deal of the summer greatly widening the data set we use to inform the PAF calculations. Our improved database includes more than … Read More
5 Real Estate Predictions for 2015
Daily Real Estate News | Tuesday, November 18, 2014 Expect the home-purchase market to strengthen along with the economy in 2015, according to Freddie Mac’s U.S. Economic and Housing Market Outlook for November. “The good news for 2015 is that the U.S. economy appears well-poised to sustain about a 3 percent growth rate in 2015 — only the second year … Read More
Survey: More Americans Ready to Sell
Daily Real Estate News | Tuesday, November 11, 2014 More Americans are growing optimistic about home-price appreciation and selling, according to Fannie Mae’s October 2014 National Housing Survey of 1,000 American adults. Home-price expectations rose significantly in the latest survey, largely reversing a dip over the past four months, says Doug Duncan, Fannie Mae’s chief economist. Also, the share of … Read More