Archives for August 2018

Housing Health A Decade After The Crash

Following the housing crash and financial crisis, there was talk that Americans may stop aspiring to homeownership and would no longer see the housing market as a sound investment and reliable creator of wealth. After all, homeowners who saw the values of their homes plummet … [Read more...]

Mortgage Rates Fall To Lowest Level In A Month

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates for 30-year fixed-rate mortgages with conforming loan balances fell to their lowest level since July 20 last week. Rates for loans backed by the Federal Housing Administration … [Read more...]

When Will The Buyer’s Market Return?

Housing market conditions are always in flux. One year, there will be more homes for sale than there are interested buyers. And the next, there will be more buyers than available homes. If you're thinking about entering the market, it's good to know where things currently … [Read more...]

New Home Sales Up 13% Over Last Year

New homes only account for about 10 percent of all home sales. But, despite the fact that they are a small share of overall housing market activity, they are a significant factor in the health of the market. That's because new home construction is an important part of … [Read more...]

More Evidence That Home Price Growth May Be Slowing

Over the past few years, rising buyer demand combined with a lower-than-normal number of homes for sale has led to higher home prices in markets across the country. And, though the rate at which prices have increased may differ from one market to the next, affordability … [Read more...]

Flat Home Sales A Sign Of Market Challenges

New numbers from the National Association of Realtors show sales of existing homes were virtually unchanged from the month before. Down 0.7 percent from June, sales were up in the West but a drop in the Northeast negated the gains. Lawrence Yun, NAR's chief economist, says a … [Read more...]

Steady Mortgage Rates Lead To Increased Demand

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

Builders Remain Confident In New Home Market

The National Association of Home Builders' Housing Market Index measures how optimistic builders are about the new home market. Scored on a scale where any number above 50 indicates more builders view conditions as good than poor, the survey has been conducted for 30 years … [Read more...]

Saving A Down Payment May Be Easier Than You Think

Saving for a down payment is one of the biggest obstacles first-time home buyers face. While repeat buyers can use the sale of their home to help fund a down payment on a new house, first timers have to save from scratch. And this can be difficult when also facing hurdles … [Read more...]

Building Permit Increase A Good Sign For Prices

If you're shopping for a house to buy, you're probably concerned about affordability. After all, even in a buyer's market, house hunters have an interest in getting the best deal. Which means, most prospective home buyers have an eye on home prices and where they're headed. … [Read more...]