WASHINGTON - Experts advise credit unions to beware of all-cash real estate purchases.
A new report finds while fewer homeowners are underwater, pain lingers in their pockets.
Prices are so good that most residents can’t afford to buy a home in 25% of metro areas.
RealtyTrac reports while foreclosures are back to pre-recession levels, the market may be in danger of overheating.
Nearly 20% of counties grow less affordable in Q2 2016, with Kings County, N.Y., being the least affordable.
If finalized as proposed, the NCUA rule would allow credit unions to rent out more of their unused space.
The decrease comes as a result of a 20% year-over-year drop in loan refinances.
Credit unions can capitalize on consumers’ need for home equity loans and second mortgages.
Realtor.com chooses neighborhoods based on their growth in households, jobs and new construction projects.
RealtyTrac Vice President Daren Blomquist discusses the outlook for homeownership in a sit-down with CU Times.