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- Housing Market Enters 2015 Facing Affordability Pressures
- U.S. Renters Paid $441 Billion in Rent in 2014, Up Nearly $21 Billion Since 2013
- America’s Housing Stock Increases $1.7 Trillion
- Fed’s ‘Patience’ on an Interest Rate Increase Has Its Limits
- Biggest Price Drop in Six Years Lifts U.S. Consumers: Economy
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Category Archives: Hollywood Hills Real Estate
Housing Market Enters 2015 Facing Affordability Pressures
By NICK TIMIRAOS, WSJ, Jan. 1, 2015 1:34 p.m. ET The U.S. housing market failed to provide the lift to the economy over the past year that many analysts expected. It enters a new year with few signs pointing … Continue reading
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U.S. Renters Paid $441 Billion in Rent in 2014, Up Nearly $21 Billion Since 2013
Total Rent Paid By The Largest 25 Metros Covered by Zillow* Metro Cumulative 2013 Rent Cumulative 2014 Rent Percent Change 2013-2014 Monthly Payment Change 2013-2014iii United States $420.4 billion $441 billion 4.9% $26 New York-Northern New Jersey $48.2 billion $50 … Continue reading
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America’s Housing Stock Increases $1.7 Trillion
The housing market received both good and bad news as of late; the good news is that America’s housing stock is now worth $27.5 trillion, an increase of $1.7 trillion over last year. The bad news is that U.S. … Continue reading
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Fed’s ‘Patience’ on an Interest Rate Increase Has Its Limits
By: Rich Miller Federal Reserve Chair Janet Yellen restored clarity to the central bank’s monetary policy plans, saying it was on course to raise interest rates, though not right away, after officials issued a statement that some Fed-watchers found confusing. … Continue reading
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Biggest Price Drop in Six Years Lifts U.S. Consumers: Economy
By Shobhana Chandra Prices paid by American consumers dropped in November by the most in almost six years, providing a boost to buying power that will propel economic growth. The cost of living fell 0.3 percent, the most since December … Continue reading
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US Fed Slashes Inflation Forecast for 2015
By CHRISTOPHER S. RUGABER, AP Economics Writer WASHINGTON (AP) — The Federal Reserve has sharply cut its forecast for inflation next year, saying it will remain far below its 2 percent target through 2015. The Fed said Wednesday that it … Continue reading
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Fannie Mae and Freddie Mac Unveil Mortgages with 3% Down Payment
By: Tim Logan The loans, unveiled Monday, reverse a trend of tighter lending standards by the government-sponsored mortgage giants since their taxpayer-financed bailouts. The programs allow only fixed-rate loans on single-family homes used as a primary residence. “We are hoping … Continue reading
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TransUnion: Mortgage Delinquency in 2015 Will Hit Lowest Since Recession
By: Trey Garrison TransUnion forecasts that the national mortgage delinquency rate will be 2.51% in 2015 – the lowest level since the start of the recession in the third quarter of 2007. They expect the rate to decline to 3.21% … Continue reading
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High-end Home Sales are Surging in Southern California
By Tim Logan, LA Times, December 12, 2014 By most measures, the housing market these days is a bit sluggish. Prices are flat. Sales are drooping. A lot of people are priced out.. But not everyone. The high end is … Continue reading
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The Latest On Consumer Inflation
By: Lawerence Yun Lower gasoline prices are contributing to low overall consumer price inflation. Low inflation in turn means interest rates can continue to remain at rock bottom rates. However, one weighty component in consumer prices shows an accelerating trend: … Continue reading
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