Fannie Mae's Economic, Strategic & Research Group has pointed out on multiple occasions that housing market growth has been slowed by tepid growth of household income. In a new analysis released Monday, the Fannie Mae ESR Group announced that homeowners underestimating their home equity may also be a factor in weighing down housing markets. The ...
The National Housing Survey from Fannie Mae contains data that suggests that homeowners who are underestimating how much equity they have in their homes may also be underestimating in other areas, such as how large of a downpayment they could make with that equity; their chances of qualifying for a mortgage, assuming they need a large downpayment; and their opportunities for selling their house and buying another one.
The post Fannie Mae’s Research Shows Perceived Negative Equity is Hurting Housing Market appeared first on DSNews.
Low-income households were found to be implicated the most by debt. Their debt equaled to just one-fifth of their income in 2007, but that proportion increased to half by 2013.
The post Mortgage Debt is the Largest Liability for Most U.S. Households appeared first on DSNews.
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We are a nationwide network of Realtors® who are specialists in helping homeowners avoid foreclosure by working a short sale. We have created this site as an outlet for our referral and training programs, as well as to provide a resource for agents around the country to network with each other and discuss tactics and strategies in order to better work short sales.
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