Number Of Showings Up 10% Over Last Year

If you had any doubt that home buyers are active this summer and looking to buy, some new numbers should help put that notion to rest. New research shows that the number of showings – which refers to a professionally arranged tour of a home for sale – are up 10.3 percent nationally over the…

Today’s Homeowner Stays Longer, Sells For More

If you’re someone who is currently debating whether or not it’s a good time to sell your house, there are some new numbers from ATTOM Data Solutions that are worth taking a look at. The results of ATTOM’s Q2 2017 U.S. Home Sales Report shows that homeowners who sold their house during the second quarter…

Rates Remain Low But Fail To Move Buyers

According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates were mostly flat last week, with rates for 30-year fixed-rate loans with conforming loan balances and 15-year fixed-rate mortgages both unchanged from one week earlier. Rates for jumbo loans and those backed by the Federal Housing Administration were up slightly in last week’s…

Homeownership Rate Rises Unexpectedly

For several years following its 2004 peak, the homeownership rate was falling. Fewer Americans were buying homes and, instead, more were choosing to rent. The reasons behind this were fairly obvious. The housing crash and financial crisis made buying a home difficult for younger Americans who were struggling to get on their feet and kept…

Pending Home Sales Bounce Back In June

The National Association of Realtors’ Pending Home Sales Index measures the number of contracts to buy homes that are signed in any given month. Because it tracks signings and not closings, it’s considered a good indicator of future existing home sales. In June, the index increased 1.5 percent, marking the first gain in three months.…

Millennials Say Having A Dog Is A Top Reason To Buy

There are a handful of common answers that come up time and time again when Americans are surveyed about their reasons for buying a home. For example, a desire for more space is always at or near the top of any list documenting prospective buyers’ main motivations. After all, if you’ve run out of space…

Why New Home Sales Should Matter To You

There are many parts to a healthy housing market. Whether you’re talking about home prices, mortgage rates, new home construction, or another housing metric, each one of them have an effect on home buyers and sellers – even if some of those effects aren’t as obvious as others. Take new home sales. If you’re not…

Mortgage Rates At Lowest Point In A Month

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 mortgages with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate mortgages. The drop in rates was caused by a number of economic factors and led to…

Economist Says Housing Market Isn’t In A Bubble

If you’re thinking about buying a house any time soon, you’ve likely been wondering about home prices. There are a couple of good reasons for this. One is affordability. With mortgage rates low, prices are the natural place for buyers to focus their attention when trying to figure out if now is a good time…

Buyer Demand High As Sales Stay Above Last Year

New numbers from the National Association of Realtors show sales of previously owned homes were slightly above year-before levels in June, though they fell from the month before. The month-over-month drop was primarily blamed on there being too few homes for sale, as buyer demand has been relatively high. Lawrence Yun, NAR’s chief economist, says…