A recent Mortgage News Daily article by Jann Swanson (http://owl.li/lirdy) paints a generally optimistic picture for America’s residential real estate market, referring to the latest reported figures from Fannie Mae, and saying that their research team calls the housing recovery “undeterred”. The article points to the annualized rate of housing starts in March as being over a million units for the first time since 2008, although it indicated that the growth was due to multi-family starts. However, sales of new single-family homes also rose from February, contributing to a 51% growth in first quarter new home sales.
The report also said that housing affordability is expected to remain above normal through 2017. Affordability takes into consideration a number of factors, including interest rates and family income, and above normal readings suggest market sustainability. Declining housing inventories are providing an upward pressure on home prices, and Fannie Mae expects this to continue, suggesting a growing seller’s market.
California-based online mortgage broker service, Loans4Less.com, has developed, and continues to expand, its online portal for anyone seeking residential real estate and mortgage information. The company sees their market continuing to grow, both in California and other parts of the country, and expects their system to become a platform of nationwide scope, available to both consumers and business partners.
For consumers, it’s an easy-to-use online starting point, especially for those fairly new to the home purchase process. Not only does it show the most recent mortgage rates, points, and other financial data, it offers a number of financial tools for doing personal calculations. Over time, the plan is to provide a growing base of information covering every state, with access to related partners and services.
For more information, visit www.Loans4Less.com
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