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HousingWire

Self-employed find it's not easy to get a mortgage

Source: LA Times

Self-employed borrowers have a harder time getting a mortgage than their salaried peers, according to a new study. This is despite the fact that many such borrowers often earn higher incomes. The self-employed receive 40 percent fewer loan quotes than the average would-be borrower. The reason for this percentage is lower credit scores and more complex paperwork to verify income.

Read the full story:

http://www.latimes.com/business/la-fi-mortgages-self-employed-20141204-story.html

How Higher Gas Prices Can Shape Home Values

Source: Wall St. Journal

A new study finds that rising gas prices can change the value of your home, for better or worse, depending on where you live. Reportedly, a 10 percent increase in gas prices can boost home prices by around 2 percent in certain neighborhoods, while reducing prices by around 1 percent in others. In addition, the intensity of the relationship between home prices and gas prices may have weakened as the fuel economy of American cars has improved.

Read the full story:

http://blogs.wsj.com/economics/2014/12/04/how-higher-gas-prices-can-shape-home-values

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