Steady Rates Push Purchase Demand Higher

According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates were virtually unchanged 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 15-year fixed-rate mortgages. Mortgage rates are now just above where they were last year at this…

Affordability A Concern Amid Excellent Conditions

Most of the economic indicators that were a concern just a few years ago have since turned positive. Fewer Americans are unemployed and an increasing number say they feel confident in their job and about their financial situation. In other words, following years of uncertainty, Americans are beginning to feel more economically comfortable. This should…

Where To Look To Eliminate Your Home’s Odors

Your sense of smell can be a peculiar thing. Odors that overwhelm some people, don’t affect others. And odors that you’re accustom to seem to disappear altogether after a while. So it’s no surprise that homeowners might worry that their home may be giving off an unpleasant scent. And, during the holidays, this becomes even…

New Home Sales Rise To 10-Year High

Sales of newly built homes improved unexpectedly in October, according to new estimates from the U.S. Census Bureau and the Department of Housing and Urban Development. Sales rose 6.2 percent over the previous month and are now 18.7 percent higher than they were at the same time last year. It was the third consecutive month…

Rising Home Values Mean Immediate Gains For Buyers

There are many factors to consider when deciding whether or not it’s a good time for you to buy a house. Most of these are personal and have to do with the needs and desires of you and your family. Market conditions may influence your decision, but ultimately the best time for you to buy…

New Home Construction Nears Post-Recession High

With fewer homes available for sale, new home construction becomes very important to maintaining a balanced housing market. Where new homes are going up, prices are less likely to spike and home buyers have more options to choose from. That’s why the latest new home construction data from the U.S. Department of Housing and Urban…

Home Sales Bounce Back In October

Home sales increased in October, rising in each of the country’s four major regions, according to the National Association of Realtors. Their monthly measure of how many existing homes were sold showed a 2 percent increase over the previous month – which brings sales to their fastest pace since June. Lawrence Yun, NAR’s chief economist,…

What’s Ahead For Housing And The Economy?

The housing market and economy are tied together in many ways. After all, without a strong economy and consistent job growth, people generally don’t feel good enough about their financial prospects to consider buying a house. But though one affects the other, they aren’t always moving in the same direction at the same time. Take…

How Buying A Home Can Help Save You Money

The argument for or against buying a home usually rests, to some extent, on wealth creation. Conventional wisdom says homeowners – through equity and price appreciation – are building wealth, while renters are throwing their money away each month. Of course, there are some notable instances where that basic argument seemed discredited. Take the most…

Builder Confidence Nears Record High

The National Association of Home Builders’ Housing Market Index measures how confident home builders are in the current and future market for new homes. The survey – which has been conducted for 30 years – is considered a good barometer of the housing market’s health, as it can be used to forecast the likelihood that…