Archives for July 2017

Millennials Say Having A Dog Is A Top Reason To Buy

There are a handful of common answers that come up time and time again when Americans are surveyed about their reasons for buying a home. For example, a desire for more space is always at or near the top of any list documenting prospective buyers' main motivations. After … [Read more...]

Why New Home Sales Should Matter To You

There are many parts to a healthy housing market. Whether you're talking about home prices, mortgage rates, new home construction, or another housing metric, each one of them have an effect on home buyers and sellers – even if some of those effects aren't as obvious as … [Read more...]

Mortgage Rates At Lowest Point In A Month

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

Economist Says Housing Market Isn’t In A Bubble

If you're thinking about buying a house any time soon, you've likely been wondering about home prices. There are a couple of good reasons for this. One is affordability. With mortgage rates low, prices are the natural place for buyers to focus their attention when trying to … [Read more...]

Buyer Demand High As Sales Stay Above Last Year

New numbers from the National Association of Realtors show sales of previously owned homes were slightly above year-before levels in June, though they fell from the month before. The month-over-month drop was primarily blamed on there being too few homes for sale, as buyer … [Read more...]

Is Buying A Home Still An Affordable Choice?

These days, determining the affordability of buying a home isn't such a simple calculation. There are always a lot of variables to consider – including prices, mortgage rates, wages, and local factors – but today's housing market contains a number of contradictions that may … [Read more...]

How Much Equity Does The Typical Homeowner Have?

Simply put, equity refers to the value of your home minus the amount of money you still owe on your mortgage. It is the factor that separates homeowners from renters and is among the greatest creators of wealth for average Americans. But how much equity does the typical … [Read more...]

Flat Mortgage Rates Lead To Spiking Demand

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates were down or unchanged across all loan categories last week. Rates for 30-year fixed-rate loans with conforming balances remained unmoved from the week before, while rates for … [Read more...]

New Home Builders Say Buyer Interest Is Strong

Buyer demand for new homes remains strong, according to the most recent Housing Market Index from the National Association of Home Builders. The Index – which measures builders' confidence in the new home market on a scale where any number above 50 indicates more builders … [Read more...]

New Outlook Sees Housing Activity Slowing

At the start of the year, unusually warm winter weather across much of the country led to a boost in housing numbers. Most significantly, construction of new homes benefited from the opportunity to build in areas usually limited by snow and bitter cold. And, because new home … [Read more...]