Archives for May 2017

Prices Move Higher As Homeowners Stay Put

Widely seen as the leading measure of U.S. home prices, the S&P Dow Jones Indices is a monthly look at home values that has been conducted for more than 27 years. According to the most recent release, national home prices are up 5.8 percent over last year, with the … [Read more...]

Renovations And The Cost Of Selling

It isn't just the home's buyer who has to settle up at the end of the closing process, sellers have costs too. In fact, according to one recent estimate, the average seller spends $15,000 before they hand over the keys to their home's new owner. A big part of that is closing … [Read more...]

Today’s Typical Home Sells In Less Than A Month

Home buyers are out in large numbers this spring. Proof of that can be found in the most recent sales report from the National Association of Realtors. Their monthly tally of how many previously owned homes sold the month before found that the typical home for sale was on … [Read more...]

Mortgage Rates At Lowest Point Since November

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

New Home Sales Fall After Reaching Recent Peak

Each month, the U.S. Census Bureau and the Department of Housing and Urban Development release an estimate of how many new homes were sold during the previous month. Because it's an estimate, the month-to-month numbers can be volatile. For example, the most recent … [Read more...]

Rents Are Increasing In The Suburbs Too

There are two groups commonly associated with renting. One is young people. The other is people living in urban centers. Conjure up an image of the typical renter and you'll probably end up imagining someone in their 20s living in a downtown apartment building. The suburbs, … [Read more...]

Three Reasons Homeowners May Be Waiting To Sell

When shopping for a house, you have to choose from the homes that are for sale at the time you're looking. In other words, unless you're having a house custom built to your specifications, you're going to have to make do with what's on the market now. These days, that's … [Read more...]

Housing Outlook Sees Reason For Optimism

Over the past few years, a pattern has emerged: The economy slows during the first quarter then begins to rev up during the second quarter. Now, according to Fannie Mae's Economic & Strategic Research Group, we may be on pace to see the same thing this year. But what … [Read more...]

Mortgage Rates Relatively Flat From Last Week

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates were relatively flat last week across all loan categories, including 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing … [Read more...]

Some Tips On Buying In A Competitive Market

It's always good to prepare before you set out to buy a house. But that's especially true in a tight market. If there are more buyers than homes for sale, there's naturally also going to be competition. And where there's competition, buyers need to be ready. So what can … [Read more...]