Banks see a “house party” as home prices are expected to rise this year
JPMorgan Sees Home Prices Up 14% as Bank of America Touts Party Bank of America has again revised up its home price forecast to 8 percent for 2013, up from 4.7 percent. This is after a 7.3 percent rise in 2012. In a new report titled “Someone say House Party?”, Bank of America’s Chris Flanagan, […]
Refinance Programs Give Underwater Owners a Lift
HARP Surpasses 2012 Estimates on Homeowner Refinances States that were the hardest hit by foreclosures and have the highest number of underwater home owners are now leading the nation in refinancing as more borrowers look to decrease their monthly mortgage payments. Following the government’s expansion last year of its refinancing programs, more underwater home owners […]
Survey: Americans Dream Big About Home Ownership
Still the American Dream… It seems that Americans are continuing to dream of homeownership, at least according to JPMorgan Chase’s recent survey. A total of 87% of those surveyed said owning a home is something they dream about. “Owning a home is at the heart of most Americans’ dreams,” said Kevin Watters, CEO of […]