Archives for October 2017

Single Women Make Up Nearly 20% Of Home Buyers

It's no surprise that the most common type of home buyer is married couples. After all, taking on something as financially complex and long term as buying a home isn't the type of thing you do with someone you just met. More surprising, though, is which demographic group … [Read more...]

What It Means When A Home’s Sale Is Pending

There are a number of steps a home's sale goes through between signing a contract to buy and finishing the closing process. During that time, the home's sale is considered pending. Though the buyer's offer has been accepted, the sale won't be official for another few weeks. … [Read more...]

New Home Sales Surge To 10-Year High

Sales of newly built single-family homes surged unexpectedly last month, according to new data released by the U.S. Census Bureau and the Department of Housing and Urban Development. In fact, sales were up nearly 19 percent from the month before and 17 percent over the same … [Read more...]

Mortgage Rate Increase Hits Mortgage Demand

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates moved up last week causing a decline in demand for mortgage applications. In fact, total mortgage application volume – which includes purchase and refinance applications – fell … [Read more...]

Home Buyer Preferences In The Digital Age

There isn't much we don't do online these days. From buying groceries to sharing family photos, we increasingly rely on smartphones and the Internet to streamline our day-to-day lives. But though we like the convenience of online services and applications, there are some … [Read more...]

Number Of Showings Rises Year-Over-Year

The number of times a particular property is scheduled for a showing is a good indication of how much interest buyers have in that listing. Similarly, tracking showings on a nationwide basis can offer a big-picture look at home buyer trends and the level of overall interest … [Read more...]

September Home Sales Improve Slightly

After consecutive months of decline, sales of existing homes – including single-family homes, townhomes, condominiums, and co-ops – rose 0.7 percent in September, according to the National Association of Realtors. The improvement may have been even greater if not for lack of … [Read more...]

Which U.S. Metros Have Changed Most Over 10 Years?

Choosing a place to live involves many different factors. From the type of kitchen you want to the school district and the commute to work, there are a lot things to take into consideration. But there are also things that you can't possibly know, like what your prospective … [Read more...]

Mortgage Demand Rises As Rates Stay Flat

Average mortgage rates were a mixed bag last week, according to the Mortgage Bankers Association's Weekly Applications Survey. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances dropped slightly, while jumbo loans and 15-year … [Read more...]

Builders Feel More Confident In New Home Market

As a home buyer or seller, you may not give much thought to how builders feel about the market for newly built homes. But, whether you know it or not, it can make a difference in the price you pay for your house. That's because, the more new homes being built in your market, … [Read more...]