Strong Majority Say Home Values Will Inflate

The U.S. housing market is in for a healthy recovery, according to a new survey. A strong majority of consumers polled say they expect home values in all U.S. cities to inflate. Sixty-one percent of those surveyed said that home prices will inflate, despite the economic issues that face the U.S. economy and the real estate market. The Housing Predictor survey was conducted over a two week time frame just ending Tuesday. Home prices in the … [Read more...]

Majority Won’t Purchase Vacation Homes

Despite stabilization developing in many U.S. housing markets, a large majority of respondents to a new survey say they would not consider purchasing a second home or vacation property. Some 60% of respondents to the new Housing Predictor survey said they would not take the leap of faith to purchase a second home even though home prices have come down substantially. The balance or 40% said they would consider making a second home purchase … [Read more...]

Half of US Homes Underwater

A newly released survey shows that more than half of all U.S. homes with a mortgage are underwater or owe more on their homes than the current value of their property. The study is the strongest indicator yet that efforts made by the Obama administration are doing little to aid U.S. homeowners in the worst housing downturn since the Great Depression. Some 54% of those surveyed said their homes are underwater on their mortgages. Other surveys, … [Read more...]

No Confidence in US Government to Aid Housing Market

Respondents to an online poll have given the U.S. government a no confidence vote when it comes to helping the housing market. An over-whelming majority of 84% who were surveyed said the government will not take major steps to help the housing market. The sweeping decision comes five years and more than 7 million foreclosures after the real estate market collapsed. Housing values in the majority of the country have suffered major losses, … [Read more...]

Survey Shows Time to Buy Real Estate

A large majority of respondents to a new Housing Predictor survey say now is the time to buy real estate, despite uncertainty over the U.S. economy. Nearly two-out-of-three surveyed said it’s time to buy a home or other real estate now. Only 38% said the current economic environment makes it too risky to take the plunge, despite record low mortgage rates and home prices at the lowest level in decades. Foreclosures are near all-time levels … [Read more...]

Lenders Should be Forced to Cut Mortgages, Poll Shows

For the second time, respondents to a Housing Predictor poll say that banks and other mortgage lenders should be forced to reduce mortgage principal and cut loan payments for underwater homeowners. Respondents to the online poll were in favor of principal reductions by a resounding 60% of those polled. The remaining 40% said bankers should not be forced to reduce mortgages. The new poll was just completed late Monday. The new survey shows … [Read more...]

More Than Half of Homeowners Can’t Move

More than half of all homeowners with a mortgage are unable to move or make a change in their housing situation as a direct result of being underwater on a mortgage, according to a new Housing Predictor survey. Some 54% of those surveyed online said they were halted from making a move. The other 46% said they were not stopped from making a change in their living situation. The finding comes more than five years after the worst real estate … [Read more...]

More Than Half of Homeowners Can’t Move

More than half of all homeowners with a mortgage are unable to move or make a change in their housing situation as a direct result of being underwater on a mortgage, according to a new Housing Predictor survey. Some 54% of those surveyed online said they were halted from making a move. The other 46% said they were not stopped from making a change in their living situation. The finding comes more than five years after the worst real estate … [Read more...]

Survey Says Freddie and Fannie Should Stop Buying Mortgages

A large majority of consumers surveyed say they want U.S. mortgage giants Freddie Mac and Fannie Mae to stop buying home mortgages. The opinion poll found that 72% of all respondents want the companies, which act as a back-stop for the nation’s mortgage market to stop purchasing home loans from banks and other mortgage lenders. The two government giants have been bailed out by tax payers at a cost exceeding $184 billion for failed mortgages … [Read more...]

Banks Should Slash Mortgage Principal

Banks and mortgage lenders should slash the balance on mortgages owed by all homeowners in light of the housing crisis blamed heavily on U.S. bankers, according to a new Housing Predictor opinion poll. The just released survey found that 69% of respondents to the online poll said lenders should reduce mortgage principal for all home loan borrowers. A large group of economists who specialize in real estate say that the only way the U.S. … [Read more...]