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Housing industry asks $5 trillion question: what does Watt want?


Since taking office in early January, Mel Watt, director of the Federal Housing Finance Agency, has yet to deliver an annual strategic plan for how he will govern taxpayer-owned mortgage companies Fannie Mae and Freddie Mac. Major stakeholders, namely banks, credit unions, homebuilders, real estate brokers and would-be homeowners are waiting to see how he will exert his influence over the government-sponsored enterprises.
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www.FrankSacco.com


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Lack of sellers, preponderance of buyers pushing housing prices


Real estate experts observe that the U.S. housing market currently has too few people selling homes and at the same time too few buyers can afford the homes that are for sale. In addition, higher mortgage rates and higher prices have made homes costlier for first-time buyers as well as for all-cash investors.
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http://www.franksacco.com/


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Rent a home or buy? Depends where you live

 As the housing market stages an uneven recovery, whether it is cheaper to rent or buy a place depends on where you live. In addition, just because it’s cheaper to buy in some markets doesn’t mean potential homeowners will be able to qualify for a loan—especially if they’re one of the 7 million former homeowners who lost their property to a foreclosure or short sale.

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 http://www.FrankSacco.com/