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December Home Sales Surge Nearly 15%
Sales of previously owned homes surged in December, according to new numbers released by the National Association of Realtors. The 14.7 percent sales spike was caused, in part, by delayed transactions...
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Young Buyers Will Shape Tomorrow’s Homes
More young Americans between the ages of 25 and 34 are living with a parent than at any time in the past 30 years. In fact, 15 percent of young adults are living with their parents, which is 3 percent...
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Home Prices Continue To Show Strength
Following the financial crisis and housing crash, there were many years when analysts wondered when the housing market would, once again, be among the main drivers of the economy. Now, after its best...
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Mortgage Rates Fall For 3rd Straight Week
According to the Mortgage Bankers Association’s Weekly Applications Survey, mortgage rates continue to defy expectations, falling for the third week in a row. In fact, rates were down across all loan...
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New Home Sales End Year On A High
Despite some signs of weakness in the overall economy, the housing market continues to make gains. The latest in a string of positive releases is the U.S. Census Bureau and the Department of Housing...
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Contract Signings Unchanged In December
When a prospective home buyer signs a contract to buy a home, the closing process begins. At that point, the home sale is listed as pending. Each month, the National Association of Realtors tracks the...
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Local Markets Stable In Majority Of Metros
The housing market has come a long way since hitting its bottom in 2010. To prove it, Freddie Mac’s Multi-Indicator Market Index tracks just how far individual states and metropolitan areas have...
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The Most Desired Home Features Of 2016
An end-of-the-year, nationwide survey asked builders to rank a series of home features in order of likelihood they’d be included in the typical single-family home they’d be building this year. On a...
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East Coast Snow Slows Mortgage Demand
According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell again last week. Rates dropped across all loan categories, including 30-year fixed-rate mortgages...
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Strong January Heats Up Spring Forecast
Early indications are that economic uncertainty and turmoil in the financial markets didn’t curb consumers’ interest in buying a home at the beginning of this year. In fact, according to Realtor.com’s...
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Baby Boomer Buyers Are On The Move
There’s been plenty of talk about the fact that there are fewer young Americans buying homes over the past few years. On the flip side, however, the market for new homes among buyers 55 and older has...
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Income Growth Key To Housing Sentiment
Fannie Mae’s Home Purchase Sentiment Index looks at consumers’ attitudes toward buying and selling a home, mortgage rates, household income, prices, employment and more in an effort to measure...
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Home Sellers See Big Gains On Purchase Price
In 2015, the average home seller was able to sell their house for $20,378 more than they paid for it, according to new numbers from RealtyTrac’s Year-End U.S. Home Sales Report. That represents an 11...
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Mortgage Rate Drop Spurs Demand
According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell again last week. Rates were down across all loan categories including 30-year fixed-rate loans...
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Money Keeps Middle Aged Buyers At Bay
A recent survey found that nearly 30 percent of all non-homeowners say they can’t afford a down payment. Conducted by Princeton Survey Research Associates International on behalf of Bankrate, the...
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More Mortgages Are Approved On Sunny Days
Before you can buy a home, you have to be approved to borrow the money. For the most part, whether or not you qualify for a mortgage will depend on your financial situation, income, amount of debt,...
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New Home Market Still Poised For Growth
The most recent National Association of Home Builders Housing Market Index shows builder confidence in the new-home market slipped in February. The index asks home builders for their perception of the...
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Average Mortgage Rate Falls To 10-Month Low
According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates dropped again last week, hitting their lowest point since last April. Rates were down across all loan...
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New Home Construction Down In January
The number of new homes being built in any particular area is a good indicator of how well the local housing market and economy are doing. In short, when the economy is up, more new homes will be built...
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Global Woes Haven’t Hurt Housing Health
In today’s world, everything is connected. Because of this, global economic conditions can impact the U.S. economy and housing market. And, according to Fannie Mae’s latest Economic and Housing Outlook...
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