Archives for May 2018

Average Mortgage Rates Down From Previous Week

Home buyers looking to buy a home this spring have their eye on two things: home prices and mortgage rates. Lately, both have been rising but the latest numbers from the Mortgage Bankers Association's Weekly Applications Survey offers some potential relief. That's because … [Read more...]

The Latest On Where Home Prices Are Headed

Home prices are a top concern for both home buyers and sellers. After all, a lot of the calculus that goes into determining whether or not it's a good time to sell or buy a house is based on where home values are and where they are expected to be in the future. For that … [Read more...]

Why The New Home Market Matters To You

If you aren't in the market for a new home, why should you care about the new home market? Well, for starters, it plays a very important role in the health of the housing market. And that affects all buyers, not just new home buyers. How? Simply put, new home construction is … [Read more...]

Homes Sell Quickly Even As Inventory Improves

New data from the National Association of Realtors shows the typical for-sale property was on the market for just 26 days in April. And, though sales were down during the month, the speed with which homes are selling is evidence that buyers are interested and active in the … [Read more...]

Economic Data Drives Mortgage Rates Upward

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

What Is The Most Prosperous City In The US?

Prosperous is defined as “successful in material terms; flourishing financially.” And, while money isn't everything, it's safe to say we all want to be successful and wouldn't mind flourishing financially. So where in the country is the best place to live if you want some … [Read more...]

Housing Outlook Sees Gradual Gains Ahead

The housing market has been in a bit of a holding pattern lately. While there is a high level of home buyer demand, there are a lower-than-normal number of homes for sale. That means, though sales should be booming right now, they are only making modest gains. But things can … [Read more...]

Generation Z May Become Homeowners Earlier

Generation Z – which is defined as people born between the mid-1990s and early 2000s – is quickly approaching adulthood and will soon face the decision of where to live and whether to rent or buy. But, according to a recent analysis, they may be facing challenges past … [Read more...]

Changes Come To The Luxury Home Market

The high end of the real estate market has followed a different path since the financial crisis and housing crash. But while the luxury home market was able to avoid some of the ups-and-downs the rest of the market has endured, things are beginning to change. In fact, one … [Read more...]

Mortgage Rates Little Changed From Week Before

According to the Mortgage Bankers Association's Weekly Applications Survey, mortgage rates showed little movement last week and were virtually unchanged from the week before. Rates for 30-year fixed-rate mortgages with conforming loan balances and FHA loans fell slightly, … [Read more...]