Archives for August 2017

Typical Home Sells In Less Than A Month

In July, 51 percent of homes were on the market less than a month before selling, according to new numbers from the National Association of Realtors. The data provides more evidence that, even as the summer season wears down, there is still a high level of buyer demand in … [Read more...]

Mortgage Report Highlights Market Disparity

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates were mostly flat last week, remaining at their lowest level in months. However, despite favorable rates, demand for loans to buy homes hasn't moved much. In fact, last week … [Read more...]

Majority Of American Homes Are Affordable

New numbers from the National Association of Home Builders show 59.4 percent of all new and existing homes sold between the beginning of April and the end of June were affordable to families making the median income of $68,000. That represents an almost 1 percent drop from … [Read more...]

Millennials Express Home Buying Anxiety

To those who've been through it before, the home buying process may seem less complicated and intimidating than it does to someone who hasn't had the experience. Take millennials, for example. The generation – roughly defined as being between the ages of 18 and 34 – are … [Read more...]

Cash Sales Are A Sign Of A Competitive Market

Most people don't buy their house with cash. In fact, historically cash sales account for just 10 percent of all home sales. But, according to Freddie Mac's most recent monthly outlook, the fact that the number of homes for sale remains lower than normal has caused a higher … [Read more...]

Number Of $1 Million Neighborhoods Rises

A new analysis shows that the number of zip codes where at least 10 percent of the homes are worth $1 million or more has been rising since 2014. In fact, there are now 1,280 across the country, which is 346 more than there were just three years ago. The reason behind the … [Read more...]

Mortgage Rates Fall To Lowest Level Since November

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates fell again last week, dropping to their lowest level since last November. The decline was seen across all loan categories, except 15-year fixed-rate mortgages which were … [Read more...]

New Home Market Shows Improvement

The number of new homes that are built and sold has an effect on everyone who buys or sells a house. Mostly, this is true because of prices. Regardless of whether you're interested in buying a new house, the number of new homes on the market helps determine prices for all … [Read more...]

Which Grocery Store Is Best For Your Home’s Value?

Living near a grocery store is generally considered a plus. After all, you never know when you'll run out of something. And, if you ever have, you know it's generally less frustrating to make a last-minute trip to the store when it's just up the street. But have you ever … [Read more...]

The Real Reason There Are Fewer Homes For Sale

These days, many markets are suffering from a lack of homes for sale. And where there are fewer homes to buy, there are higher prices and more competition among buyers. But what's behind the shortage? Well, a new survey reveals the real reason homeowners have decided to stay … [Read more...]