Daily Real Estate News
REALTORS®’ outlook is increasingly optimistic about the housing market in the months ahead. Confidence is staying high, buoyed by a strengthening economy and the opening of the credit box.
Behind that growing confidence, job creation has reached a pace of about 220,000 jobs per month this year, lower FHA monthly mortgage insurance premium rates have unlocked borrower savings, and doors have been opened for home buyers with the availability of 3 percent down payment loans backed by Fannie Mae and Freddie Mac, according to the latest REALTORS® Confidence Index Survey. The survey is based on more than 3,800 responses from REALTORS® about market conditions in their area.
