Archives for December 2018

Homeownership Rate Surges Among Millennials

A new survey shows that homeownership among millennials between the ages of 28 and 31 jumped from 27 percent to 47 percent in just two years. Additionally, ownership among people aged 32 to 36 was up 11 percent. That home buying has surged among younger Americans is an … [Read more...]

Number Of Homes For Sale Continues To Improve

When shopping for something, having more to choose from is generally a good thing. And, when the thing you're shopping for is a house, that's especially true. That's because, in addition to giving buyers options, more homes for sale typically helps keep prices in check. When … [Read more...]

Are More Renters Becoming Homeowners?

Paying rent each month can make it difficult to save money for a down payment. But, according to new research, renters who hope to one day buy a home may be finding it a little bit easier. That's because, though rent is up about 3 percent from last year, it isn't increasing … [Read more...]

Homes Stayed On The Market Longer In November

The real estate market is typically slower in the fall and winter. So, it's not that surprising to see homes for sale are staying on the market longer than they were a few months ago. But according to the National Association of Realtors' most recent existing home sales … [Read more...]

Average Mortgage Rates Fall To 3-Month Low

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

Is The Housing Market Positioned To Take Off?

The end of the year is typically the time when experts and prognosticators make predictions for the year ahead. And while it's not easy to see into the future, year-end forecasts can give us an idea of which scenarios are likely to play out. Take Fannie Mae's most recent … [Read more...]

Builders Report Increase In Affordability Concerns

In some ways, builders are good predictors of where the housing market is headed. Since their business is dependent on knowing whether or not consumers are interested in buying homes, they are among the first to see changes in buyer traffic and interest. Because of this, the … [Read more...]

Do Buyers Need To Have A 20% Down Payment?

There's a fairly common misconception among prospective home buyers that they'll need a 20 percent down payment before they can buy a house. This, of course, isn't true. It's recommended since it'll help you avoid paying mortgage insurance, reduce your monthly payment, and … [Read more...]

The Rising Share Of Single Women Home Buyers

Traditionally, homeownership has been seen as part of settling down. Getting married and starting a family went hand-in-hand with buying a home and planting roots in a community. But though they're still common motivating factors, marriage and children aren't the only … [Read more...]

Mortgage Rate Decline Is Biggest In A Year

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