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All 10 factors were then scored and combined with the highest score being the worst housing markets. In final calculations, factors (1), (2), (9) and (10) were weighted 2x and factor (5) was ...
1968: As part of the Housing and Urban Development Act of 1968, the Government mortgage-related agency, Federal National Mortgage Association (Fannie Mae) is converted from a federal government entity to a stand-alone government sponsored enterprise (GSE) which purchases and securitizes mortgages to facilitate liquidity in the primary mortgage market.
The Fed chairman Benjamin Bernanke said in October 2006 that there was currently a "substantial correction" going on in the housing market and that the decline of residential housing construction was one of the "major drags that is causing the economy to slow"; he predicted that the correcting market would decrease U.S. economic growth by about ...
The 2000s United States housing bubble or house price boom or 2000s housing cycle [2] was a sharp run up and subsequent collapse of house asset prices affecting over half of the U.S. states. In many regions a real estate bubble , it was the impetus for the subprime mortgage crisis .
If there's one word that sums up the last five years for the housing market, it's "eventful." ... 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. For premium support please call: 800 ...
In terms of inventory, there were 1.58 million single-family homes up for sale in December 1995, compared to just 870,000 last December. Supply was 4.8 months in 1995 compared to only 3.1 months ...
If one assumes that the housing market is efficient, the expected change in housing prices (relative to interest rates) can be computed mathematically. The calculation in the sidebox shows that a 1 percentage point change in interest rates would theoretically affect home prices by about 10% (given 2005 rates on fixed-rate mortgages).
By Mamta Badkar Many analysts agree that home prices have bottomed out. According to the latest data from Fiserv Case-Shiller, National home prices are expected to rise 3.3 percent in the next ...