Archives for February 2017

Market For New Homes Strong In January

In January, sales of newly built single-family homes increased 3.7 percent over the previous month and are now 5.5 percent higher than last year at the same time, according to new numbers released by the U.S. Census Bureau and the Department of Housing and Urban Development. … [Read more...]

What You Need To Know About Property Taxes

There are a lot of things to focus on when you're shopping for a house. Just for starters, you have to find the right house at the right price. That isn't necessarily going to be easy. But you also need to figure out how much of a down payment you're going to have, how much … [Read more...]

Is January’s Sales Spike A Sign For Spring?

There has been a lot of discussion lately about what the housing market will look like this year. Will higher mortgage rates and rising prices hold off buyer demand or will consumer confidence and a better job market fuel a spike in sales regardless of what rates and prices … [Read more...]

Mortgage Rates See Slight Increase Last Week

Average mortgage rates were up last week, according to the Mortgage Bankers Association's Weekly Applications Survey. Mortgage rates increased across all loan categories, including 30-year fixed-rate loans with both conforming and jumbo balances, 15-year fixed-rate loans, … [Read more...]

Why New Homes Matter Even If You Don’t Buy One

If you follow real estate, you've heard a lot about inventory lately. That's because, inventory – which refers to the number of homes available for sale – plays a big role in how much house the typical buyer can afford. When there are more homes for sale than there are … [Read more...]

Despite Challenges Outlook Sees Growth Ahead

The housing market is always evolving – and at different rates depending on where you live. Whether you're looking at new home construction or mortgage rates, the numbers are always in flux. Because of this, Fannie Mae's monthly Economic & Strategic Research Group … [Read more...]

Buying A Home Remains An Affordable Choice

Despite rising prices and higher mortgage rates, an analysis of homes sold during the final quarter of 2016 found that 59.9 percent of both new and existing homes were affordable to a family earning the median income of $65,700. The numbers – from the National Association of … [Read more...]

Mortgage Rates Mixed In Latest Survey

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates were up and down last week. For example, rates for 30-year fixed-rate loans with conforming balances fell, while jumbo loans moved up slightly. On the other hand, mortgages … [Read more...]

Homeowners Often Overestimate Their Home’s Value

For home buyers and sellers, appraisals are important. They represent an official reading of what a particular property is actually worth, as opposed to what its owner hopes to sell it for. Based on similar properties in the same area, an appraiser will look at a house, … [Read more...]

How Your Pets Influence What Home You Buy

Most people treat their pets like they're a member of the family. In fact, a recent survey from the National Association of Realtors, found a full 99 percent of pet owners agreed their animals were considered part of their family. And a lot of us have them. William E. Brown, … [Read more...]