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Team Thayer Real Estate News Eugene Oregon The share has risen above previous year levels since April 2015, reflecting improvements within the labor market, riskier mortgage lending, and continuing low mortgage rates. This and a 35-month-long seller’s market for existing homes are causing home prices to increase much faster than income. “The strong spring 2015 home buying season has been paced by outsized gains for first-time buyers,” said Edward Pinto, co-director of the AEI’s International Center on Housing Risk. “Unfortunately, these gains are fueled in part by liberalized credit standards, which is creating demand pressure and driving real home prices higher. This will lead to future instability.” Team Thayer Real Estate News Eugene Oregon The Federal Housing Administration ( FHA ) had a share of first-time homebuyers in August at or above 80 percent,  Fannie Mae ’s share stood at 43.3 percent, and  Freddie Mac  had a share of about 40 percent, AEI r...

First-time buyers comprised 56.9 percent of primary owner-occupied home purchase mortgages with a government guarantee in August 2015, up from the 54.5 percent share last August, the  American Enterprise Institute (AEI)  reported in their  First-Time Buyer Mortgage Share Index (FBMSI) . The share has risen above previous year levels since April 2015, reflecting improvements within the labor market, riskier mortgage lending, and continuing low mortgage rates. This and a 35-month-long seller’s market for existing homes are causing home prices to increase much faster than income. “The strong spring 2015 home buying season has been paced by outsized gains for first-time buyers,” said Edward Pinto, co-director of the AEI’s International Center on Housing Risk. “Unfortunately, these gains are fueled in part by liberalized credit standards, which is creating demand pressure and driving real home prices higher. This will lead to future instability.” Team Thayer Eugene ...

Almost 61 per cent of those surveyed said they planned to increase their overseas holdings in the next two years. Significantly, wealthy Chinese are not motivated by chasing higher returns when they park their savings abroad. Most respondents expected a return of a maximum of 5 per cent on their investments. Instead, they are chasing safe havens, such as property and insurance schemes, cited as the top two destinations for cash. This is driving wealthy Chinese to invest their savings abroad on an unprecedented scale, making China a top exporter of wealth on top of its existing status as number one exporter of manufactured goods. The US was the preferred destination for 42 per cent of survey respondents seeking a safe place for their cash. Its robust economy, coupled with looser visa restrictions and high quality education is making it a magnet for China’s wealthy class. Next ranked were Hong Kong, Australia, Canada and the UK. Almost 77 per cent of those surveyed owned at le...