Archives for October 2018

The Winter Market May Be Good For Buyers

Typically, spring and summer are thought of as the prime times to buy or sell a home. There are a number of reasons for this, including weather and the end of the school year. But whatever the reason, there are usually more homes for sale and more active buyers during what … [Read more...]

How Affordable Is The Typical New Home?

Generally speaking, there are two types of homes available to buyers. There are previously owned homes and there are new homes. Which one you choose comes down to a couple of factors. The first is personal preference. Some people prefer the quirks and character of an older … [Read more...]

Pending Home Sales Increase In September

When an offer on a home has been accepted, that home's sale is considered pending. It isn't final until closing, which typically takes place a few weeks later. But, because most accepted offers result in completed sales, the National Association of Realtors tracks contract … [Read more...]

3rd Quarter Prices Show Rate Of Increase Slowing

Among all the factors that can help prospective home buyers get an idea of what a particular property will cost them, price is perhaps the easiest to gauge. Things like mortgage rates, potential maintenance and upkeep, property taxes, and insurance are all part of the … [Read more...]

Mortgage Demand Bounces Back After Holiday

According to the Mortgage Bankers Association's Weekly Application Survey, demand for mortgage loans rose 4.9 percent last week from one week earlier. Refinance activity led the way, increasing 10 percent from the previous week. Demand for loans to buy homes was also higher, … [Read more...]

How Long Will It Take To Save A Down Payment?

When asked, most Americans who don't own a home say they'd like to become homeowners someday. Regardless of current market conditions or the state of the economy, the desire to own a home endures. Part of this is because it helps to build wealth. The other part is … [Read more...]

The Forecast For First-Time Home Buyers

Buying your first home is different than buying your second. For one, first-time buyers have never been through the process before and face a lot of unknowns. They also have to build a down payment from scratch, since they don't have a house to sell. And without the benefit … [Read more...]

Homes For Sale Stay On The Market Longer

During the spring and summer, homes for sale were selling fast. So fast that the typical home was on the market less than a month. And while home buyers should still expect desirable homes to go quickly, there may be some relief in sight. That's because, new numbers from the … [Read more...]

Most People Say They Have Good Neighbors

There are a lot of things you can tell about living in a particular a house from a quick visit or two. There are even some things you can tell just from driving through the surrounding neighborhood. But, while you can know how much available storage a house has or how new … [Read more...]

Demand Slows As Mortgage Rates Rise

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