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The White House Council of Economic Advisers lowered its forecast for U.S. economic growth in 2008 from 3.1 per cent to 2.7 per cent and forecast higher unemployment, reflecting the turmoil in the credit and residential real-estate markets. The Bush administration economic advisers also revised their unemployment outlook and predicted the ...
Greg McBride, CFA, Bankrate’s chief financial analyst, thinks the 30-year fixed will remain the dominant mortgage product. “A fixed-rate mortgage provides the certainty borrowers want,” he says.
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.
Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year Record high °F (°C) 76 (24) 80 (27) 84 (29) 90 (32) 95 (35) 105 (41) 105 (41) 105 (41) 101
Keep in mind: The most expensive month of the year to purchase a home is May, when seller premiums are as high as 12.8 percent above market value. Source: ATTOM Data Solutions. Pros. More listings ...
Get the Denver, CO local weather forecast by the hour and the next 10 days.
In many regions a real estate bubble, it was the impetus for the subprime mortgage crisis. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2011. [3] On December 30, 2008, the Case–Shiller home price index reported the largest price drop in its history. [4]
The New York Times reports that the Carleton Sheets infomercials that were ubiquitous a couple years ago are now off the air, as the real estate training mogul struggles with his tarnished ...