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Mortgage Trends
 

 

Permanent Loan Modifications To Be Increased By The Treasury 12-15-09

 

Obama Extends First Time Home Buyer Tax Credit  11-13-09

 

Good Faith Estimate Changes Coming  11-6-2009

 

Collateral Mortage Explained   8-9-2009

 

Debt Solutions Help You Attain Financial Freedom Again  08-5-2009

 

Have You Been Turned Down For A Mortgage?   08-1-2009

 

New FHA Reverse Mortgage Program For Seniors     07-14-2009

 

Obama Expands Mortgage Refi Programy     07-01-2009

 

Improve Your Credit Score Before getting your loan     06-20-2009

 

Beating Refinancing Road Blocks     06-12-2009

 

Home Valuation Code of Conduct     05-07-2009

 

Foreclosure Relief For Renters     03-23-2009

 

Federal Reserve keeps rates near zero     03-19-2009

 

First Time Home Buyer Tax Credit Is Now $8,000...     03-06-2009

 

Stimulus Plan Could Help Homeowners And Buyers     02-28-2009

 

Obama Offers $75 Billion To Bailout Homeowners...     02-18-2009

 

The History Of Credit Reporting...     02-13-2009

 

Mortgage Rates Fall Again..     02-03-2009

 

Fed Leaves Rates Alone...     01-28-2009

 

Solving Refinance Challenges     01-22-2009

 

Foreclosures On Top Of Obama's Priority List...     01-20-2009

 

The Evolution Of Credit Cards     01-04-2009

 

Is There Really a No closing cost loan?     01-03-2009

 

Borrowers Look For Mortgage Modification...     01-19-2009

 

30 Year Fixed Rate Mortgage Ties Record Low...     01-18-2009

 

Industry Recoils at Citi's Mortgage Deal...     01-10-2009

 

Financial Tip Of The Day     12-31-2009

 

America's Best Buy


1. Seattle, Wash.
Job-growth projections 2008-2017: 1.5%

Seattle's peak building period in the 1980s run-up was in the second quarter of 1986. The Savings & Loan crisis didn't fully halt building activity until the fourth quarter of 1992. What lands it in the first position on this list is the combination of strong job growth with a building cycle that hasn't run in high excess of demand and, in part, its constrained geography. Especially compared to cities on the West Coast, Seattle has historically not overheated in boom times.

2. Washington, D.C.
Job-growth projections 2008-2017: 0.9%

Building activity hit high points in the second quarter of 1986 and the first quarter of 2006. In the most recent bust, D.C.'s exurbs have been particularly hard hit. Even so, the region has the lowest rate of unemployment in the country, according to the Bureau of Labor Statistics. Despite recent building exuberance, it has the second lowest demand volatility in the country, meaning that vacancies have historically been very low.

3. San Antonio, Texas
Job-growth projections 2008-2017: 2.0%

There may be little zoning in Texas, and the state may be a model of sprawl (read: lots of homes built in good times), but San Antonio has fared better than its Lone Star brethren throughout the peaks and valleys of the last 20 years. Volatility in home building and vacancy were in the middle of the pack nationally, while the metro area's job-growth figures have been national leaders.

4. Minneapolis, Minn.
Job-growth projections 2008-2017: 1.1%

Minneapolis has not experienced the same sort of booms seen elsewhere. In the most recent run-up, building activity peaked in the third quarter of 2004; this will help the market in the short term as it means less new inventory dragging down prices. The city's real strength is its economy, which has less of a manufacturing base than most Midwestern cities and hosts a handful of multinational corporations.

5. New York, N.Y.
Job-growth projections 2008-2017: 0.6%

Part of why New York City prices are so expensive is because the cost to build is one of the highest in the country. There's also no open land to be found. While that hurts affordability, it stems overbuilding relative to demand. Historically, the New York metro area has the lowest vacancy fluctuations of any city in the country. Unless a new island is added, expect that to continue.
 

 

 

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 Dream Home Financing is a marketing company that provides mortgage related information. Dream Home Financing does not arrange for or originate loans. The request quote and quick application pages, when completed will be sent to third party lenders for consideration.

 

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