Archives for June 2015

Home Sales May Have Best Year Since Downturn

Trying to gauge the health of the real estate market can be confusing to the average home buyer or seller. After all, there's a seemingly endless supply of data, reports, and surveys and all of them measure a different aspect of the housing industry – whether it's home … [Read more...]

New Home Sales Continue To Climb

Recent housing data has given potential home buyers and sellers plenty of reason to feel encouraged, with many industry analysts forecasting a good summer season following strong spring gains. Now, according to new estimates from the U.S. Census Bureau and the Department of … [Read more...]

Existing Home Sales Hit 6-Year High

Sales of previously owned homes rose 5.1 percent in May and are now 9.2 percent higher than they were one year ago, according to new estimates released by the National Association of Realtors. Lawrence Yun, NAR's chief economist, says home sales are now at their highest pace … [Read more...]

Mortgage Rates Fall After Consecutive Increases

According to the Mortgage Bankers Association's Weekly Application's Survey, average mortgage rates fell last week after rising the previous two weeks. Mortgage rates were down across all loan categories, including 30-year fixed-rate loans with both conforming and jumbo … [Read more...]

Housing Forecast Sees Bright Days Ahead

After a weaker-than-expected first quarter, economic activity has picked up and should accelerate even more through the end of the year, according to the latest forecast from Fannie Mae's Economic & Strategic Research Group. The latest forecast from the group – which … [Read more...]

Foot Traffic Signals Strong Summer Sales

Every month, the National Association of Realtors measures home buyer interest by tracking the number of times lock boxes are opened at for-sale properties. Known as foot traffic, the number of interested buyers looking at homes for sale is a good indicator of future home … [Read more...]

Why You Have To Pay Attention To Property Tax

There are a lot of things to consider when buying a home and many of them have to do with costs. For first-timers and even some move-up home buyers, calculating mortgage rates, closing costs, a down payment, and the eventual monthly mortgage payment can be overwhelming. So … [Read more...]

Survey Finds Mortgage Lenders Optimistic

According to Fannie Mae's second quarter Mortgage Lender Sentiment Survey, mortgage professionals are feeling increasingly optimistic about the housing market and the number of prospective home buyers looking to buy this year. In fact, the share of lenders reporting … [Read more...]

Average Mortgage Rates Continue To Rise

Though still historically low, average mortgage rates have been on the rise in recent weeks. In fact, according to the Mortgage Bankers Association's Weekly Applications Survey, last week saw rate increases across all loan categories, including 30-year fixed-rate mortgages … [Read more...]

Permits To Build New Homes Surge In May

The number of building permits authorized in May rose 11.8 percent from the month before, according to new estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. Permits are now 25.4 percent higher than they were last year at this … [Read more...]