Friday, May 30, 2014

Market Matters

Moving in with parents becomes more common for the middle-aged
Source: LA Times

Due to the effects of the sluggish economy, older people are quietly moving in with their parents at twice the rate of their younger counterparts. The number of Californians aged 50 to 64 who live in their parents' homes swelled 67.6 percent to about 194,000, according to the UCLA Center for Health Policy Research and the Insight Center for Community Economic Development.
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5 Questions on the State of Mortgage Lending
Source: Wall Street Journal
 
There are growing signs that lenders are becoming less picky amid a rebound in home prices and a drop-off in mortgage refinancing, but questions remain about the impact of down-payment standards, the stringency of credit requirements, and the fate of the U.S. economy after the mortgage-credit pendulum has swung from one extreme to the other.
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More homeowners are becoming first-time landlords
Source: LA Times

In Western housing markets like Los Angeles, there has been a noticeable uptick in the number of home buyers who want to rent out their old place rather than selling. Rents continue to climb, and if the trend continues, it could mean even fewer homes for sale in an already tight market.
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