Archives for November 2018

Online Tools Gain Popularity With House Hunters

The internet and smartphones have changed the way we do things. Everything from how we buy groceries to how we listen to music has been affected by technological advances. So it should come as no surprise that shopping for a house has also been transformed by easy access to … [Read more...]

Mortgage Demand Spikes As Buyers Return

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates were down last week for loans with conforming balances and the drop helped drive mortgage demand upward. In fact, demand for loans to buy homes was up 9 percent from the week … [Read more...]

Home Prices Are Beginning To Slow Down

Home prices have been increasing for a while. Driven by high buyer demand and a lower-than-normal number of homes for sale, values have been on the rise. But, according to the latest S&P CoreLogic Case-Shiller Home Price Indices, the rate of home price increases is now … [Read more...]

Steadier Housing Market In Next Year’s Forecast

Over the past decade, housing market conditions have changed dramatically. The housing crash and subsequent price rebound have caused a shift from buyer's to seller's market. Add to that lower-than-normal mortgage rates and a lack of for-sale inventory and prospective home … [Read more...]

October Home Sales Increase Is First In Months

Sales of previously owned homes rose 1.4 percent in October from the month before, according to new numbers from the National Association of Realtors. The increase was the first in six months. Lawrence Yun, NAR's chief economist, said housing inventory is increasing and it's … [Read more...]

Mortgage Rate Decline Breaks Upward Trend

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates fell last week, reversing an upward trend seen over the past several weeks. Though the decline was slight, it affected all loan categories except those backed by the Federal … [Read more...]

New Home Market Reacts To Rising Mortgage Rates

For most of this year, new home builders have been optimistic. With high buyer demand and a stronger economy, the market for newly built homes was building some momentum. But, according to the most recent Housing Market Index from the National Association of Home Builders, … [Read more...]

How Student Loan Debt Impacts Home Buyers

Young Americans want to own a home. Research consistently shows large majorities who say they aspire to one day become homeowners. And yet, the number of first-time home buyers active in the market has been lower than what is historically normal for several years. So why … [Read more...]

Number Of Listings With Price Cut Up In October

One good way of measuring where home prices are headed is to look at how many homes for sale have had to adjust their initial listing price. If there are a lot of homes in your area with price reductions, it could be a sign that the local market is softening. And, according … [Read more...]

Majority Of Recently Sold Homes Were Affordable

Naturally, affordability is a big consideration for anyone buying a home. After all, it's a significant purchase and you want to be sure you're getting a good deal. For that reason, recent reports of higher prices and rising mortgage rates may give you the impression that … [Read more...]