Shaun Hamman's (shamman) Blog

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Mortgage and Lending - American Financial Resources
RECENT BLOG POSTS
Production rates for single-family housing increased for the third consecutive month, according to data from HUD and the Census Bureau. In addition to an increase in single-family housing, the data also revealed an increase in pulled permits for both single- and multi-family construction in May. ...
08/13/2012
While the rising home prices are a good sign for a recovering economy, there are still many homeowners underwater. According to the Zillow Negative Equity Report, 31.4% of borrowers this quarter owe more on their home than it is worth, a statistic that is unprecedented. The Zillow Negative Equity...
07/10/2012
Each quarter, the NAHB surveys builders and remodelers to gather data on the number of addition and repair jobs that have been completed. In addition to recording the volume of work, the NAHB typically includes special survey questions in an effort to obtain more specific information for the Remo...
06/21/2012
Although prices for Manhattan properties remained fairly flat in the beginning of the year, a recent artilce published by the New York Times said that this spring could be a strong sales season. According to the article, published April 3 on nytimes.com, many brokers have seen recent bidding wars...
05/21/2012
Recent reports are showing an interesting change in the real estate market. It seems that the homeowners of today are leaning toward smaller, urban-based homes, rather than the expansive suburban developments that boomed in the past. According to a recent article posted on MSN.com's real esta...
04/23/2012
After many years of hard work, you deserve to retire in a place you love. We all know Florida and Arizona attract retirees from across the country, but did you know places like North Carolina and even Michigan are becoming popular retirement destinations?If you're not quite sure where you wan...
04/17/2012
Six years after the 2007 housing market crisis, more than one hundred U.S. cities are experiencing strong market comebacks. According to a recent report published by the National Association of Home Builders/First American Improving Markets Index (IMI), 101 metropolitan areas showed steady improv...
04/09/2012
According to recent data from the National Association of Realtors (NAR), affordability conditions are improving, as housing markets across the country are beginning to make a comeback.  This trend is thought to be bolstered by lower existing home prices as well as record low interest rates. Acco...
03/12/2012
Mortgage application activity declined slightly in the week ending March 2, despite home purchases picking up,an industry group said recently. The MBA's seasonally adjusted index of refinancing applications was down 2.0 percent that week; however, loan requests for home purchases rose 2.1 per...
03/12/2012
Despite the fact that California saw an overall drop in home sales last year, the number of homes that sold for $1 million or more increased for the first time since 2005. According to the report conducted by DataQuick Information Systems, a real estate information service, the number of million...
02/23/2012
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Shaun Hamman

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