Archives for December 2014

Americans Optimistic About Housing in 2015

Americans are more optimistic about the housing market than they have been at any time since the real-estate recovery began, according to a recent survey from Trulia. In fact, 74 percent of respondents agreed that buying a home was part of their personal American Dream, with … [Read more...]

Buying A Home Still Cheaper Than Renting

A recent analysis of home prices and rent in more than 500 U.S. counties found that buying a home was cheaper than renting in the majority of housing markets across the country. In fact, according to data released by RealtyTrac, buying a median-priced home was more … [Read more...]

November New Home Sales Down 1.6%

Sales of newly built single-family homes fell 1.6 percent in November from October's sales rate. New home sales were also down 1.6 percent from one year earlier. The drop – which included decreases in three of four U.S. regions – brought sales to their slowest pace in four … [Read more...]

Existing Home Sales Slip In November

Sales of previously owned homes slipped in November, according to the National Association of Realtors. The decline follows a calendar-year high in October and brings sales to their lowest level since May. Still, existing-home sales were above year-before levels for the … [Read more...]

A Year-End Look At Past Predictions

At the beginning of every year, experts and analysts make predictions about what the year will hold for the real estate market. From home sales to mortgage rates, there are many forecasts predicting what will be in store for buyers and sellers over the course of the year but … [Read more...]

Forecast Calls For Housing Growth In 2015

Though the economy and housing market have been largely up-and-down this year, Fannie Mae's Economic & Strategic Research Group is forecasting improvement for 2015. In fact, according to Doug Duncan, Fannie Mae's chief economist, the group anticipates a significant … [Read more...]

Mortgage Rates Drop To 19-Month Low

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates fell to their lowest level since May 2013 last week. Rates dropped across all loan categories, including 30-year fixed-rate loans with conforming and jumbo balances, mortgages … [Read more...]

New Home Construction Falls In November

New home construction fell in November, according to new estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. Despite the drop, however, an upward revision of October's estimate means the overall trend in residential construction … [Read more...]

Builders Confident In New Home Market

Because builders have an unique perspective on the market for newly built, single-family homes, the National Association of Home Builders surveys them each month to gauge their perception of current buyer traffic and sales, as well as their expectation for sales over the … [Read more...]

To Accumulate Wealth, Buy A House

According to research from Harvard's Joint Center for Housing Studies, homeownership – though not without risk – is an effective way to build individual wealth. And, because of this, homeowners typically have a higher net worth than renters. In fact, the median net worth of … [Read more...]