Cash Sales Are A Sign Of A Competitive Market

Most people don’t buy their house with cash. In fact, historically cash sales account for just 10 percent of all home sales. But, according to Freddie Mac’s most recent monthly outlook, the fact that the number of homes for sale remains lower than normal has caused a higher than normal number of cash sales. “Usually,…

Number Of $1 Million Neighborhoods Rises

A new analysis shows that the number of zip codes where at least 10 percent of the homes are worth $1 million or more has been rising since 2014. In fact, there are now 1,280 across the country, which is 346 more than there were just three years ago. The reason behind the increase is…

Mortgage Rates Fall To Lowest Level Since November

According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell again last week, dropping to their lowest level since last November. The decline was seen across all loan categories, except 15-year fixed-rate mortgages which were unchanged from the week before. Michael Fratantoni, MBA’s chief economist, told CNBC that low rates were connected…

New Home Market Shows Improvement

The number of new homes that are built and sold has an effect on everyone who buys or sells a house. Mostly, this is true because of prices. Regardless of whether you’re interested in buying a new house, the number of new homes on the market helps determine prices for all houses. That’s because, new…

Which Grocery Store Is Best For Your Home’s Value?

Living near a grocery store is generally considered a plus. After all, you never know when you’ll run out of something. And, if you ever have, you know it’s generally less frustrating to make a last-minute trip to the store when it’s just up the street. But have you ever considered how living near a…

The Real Reason There Are Fewer Homes For Sale

These days, many markets are suffering from a lack of homes for sale. And where there are fewer homes to buy, there are higher prices and more competition among buyers. But what’s behind the shortage? Well, a new survey reveals the real reason homeowners have decided to stay put and it’s probably not what you’d…

Today’s Home Buyer Is More Market Savvy

One result of the housing crash is that American home buyers are now more savvy about the housing market. In addition to finding a house they love, they are also concerned with market fluctuations and whether or not they are buying at the right time. In fact, a recent survey from Value Insured shows 63…

Mortgage Rate Drop Boosts Application Demand

According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell last week and helped boost demand for both refinance and purchase loan applications. The decline, though slight, keeps rates in the same narrow range they’ve been for the past several weeks. Michael Fratantoni, MBA’s chief economist, told CNBC lower-than-normal mortgage rates continue…

Housing Market Improves Despite Challenges

The National Association Of Home Builders’ Leading Markets Index compares current price, building permit, and employment levels to their previous norms in 337 markets across the country. The index is an effort to measure how quickly individual markets have recovered following the housing crash and financial crisis. According to the most recent release, 196 metro…

Survey Asks Americans About Real Estate Market

Every month, Fannie Mae’s Home Purchase Sentiment Index asks Americans how they feel about the housing market and economy. Their survey asks whether participants expect home prices and mortgage rates to rise or fall over the next year, whether it’s a good or bad time to buy or sell a house, and how they feel…