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2019-08-16 10:08:44
Real Estate Market Review


Americans are making their mortgage payments according to CoreLogic's latest Loan Performance Insights (LPI) report. Only 3.5% of loans were 30 days past due or more in May, compared to 4.2% in May 2018. CoreLogic Chief Economist Dr. Frank Nothaft said, 'Growth in family income and home prices continues to support low delinquency rates.' The LPI concluded that 'The continued improvement in overall mortgage performance bodes well for the health of the U.S. market in 2019.'



The consumer and business segments have differing outlooks as mortgage interest rates trended significantly downward. In the Primary Mortgage Market Survey for the week ending August 8, Freddie Mac's analysts said businesses are bearish based on negative trade and manufacturing news, while consumers are more optimistic due to the labor market and increased housing affordability due to recent rate s.



Children are a major factor in home purchases according to 2019 Moving with Kids Report from the National Association of Realtors. Just over half of homebuyers with children (53%) said school quality was a factor in choosing a neighborhood. However, daycare costs played a role for an even greater majority: 26% of buyers with children postponed their purchase due to childcare expenses, 31% said they compromised on the home's size and 24% said they compromised on price.

Paying back less than you borrow is a problem - unless you're getting a mortgage from Jyske Bank. The Danish bank is offering mortgages for -0.5%. The negative interest rates are available for 10-year terms, at which time the borrower will have paid back less than they originally borrowed with the exception of any other associated costs or taxes.
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