Archives for April 2017

Is What’s Outside As Important As The Inside?

When it comes to buying a house, most people focus first on what's going on inside the house. The size of the kitchen, the number of bedrooms, closets, storage, etc., are all top concerns. But, according to a recent survey from the National Association of Realtors, access to … [Read more...]

Rates Fall To Lowest Level Since November

Just after last year's election, average mortgage rates began increasing. The rise was largely seen as a sign of things to come. However, rates have now begun dropping from their post-election highs. In fact, according to the Mortgage Bankers Association's Weekly … [Read more...]

New Homes Are In High Demand This Spring

New estimates from the U.S. Census Bureau and the Department of Housing and Urban Development show new home sales at an 8-month high in March. Sales were 5.8 percent above February's rate and 15.6 percent higher than at the same time last year. The March results were the … [Read more...]

The Top Factors That Drive 1st Timers To Buy

No two paths to homeownership are exactly the same. There are too many variables for that to be true. But though there are many different paths, there are a few common factors that play a role when first-time buyers decide to purchase a house. According to a recent survey … [Read more...]

Home Sales Hit Fastest Pace In A Decade

New data from the National Association of Realtors shows sales of previously owned homes rose 4.4 percent in March and are now at their fastest pace since February 2007. Lawrence Yun, NAR's chief economist, said the gains were led primarily by increases in the Northeast and … [Read more...]

Hopeful Outlook Forecasts A Spring Bump

The real estate market is constantly evolving. What is true one day may not be the next. For example, this past winter many forecasts for the upcoming spring season predicted buyers might be scared off by rising interest rates and a lack of homes for sale. However, now that … [Read more...]

Mortgage Rates Fall To Five Month Low

At the end of last year, spiking mortgage rates had many analysts concerned that rates would continue to increase and cause home buyers to sit out the spring buying season. But, according to the Mortgage Bankers Association's Weekly Applications Survey, rates are actually … [Read more...]

Millennials Turn Traditional When It’s Time To Buy

Whenever the topic of millennial home buyers comes up, the assumption is that they're all searching for urban lofts and using the latest tech to find them. In other words, the next generation of home buyers isn't interested in the old way of doing things. However, survey … [Read more...]

Builders Have Confidence In New Home Market

When builders feel confident, they build more homes. And, as more homes are built, the housing market becomes more balanced. In other words, how builders feel about the market for new homes is an important factor in whether prices rise or fall and what buyers and sellers can … [Read more...]

What Rising Optimism Means For Real Estate

According to the Survey of Consumers conducted by the University of Michigan, Americans are feeling more optimistic about economic conditions. In fact, Richard Curtin, Survey of Consumers chief economist, says optimism is at its highest point since 2000. “The Current … [Read more...]