How Long Will The Housing Market Stay Hot?

Like any market, the housing market has its ups-and-downs. For the last several years, though, it’s consistently been on the rise with no sign of slowing down. That means, home buyers have increasingly been met with higher home prices and listings that sell more quickly with every passing month. On the other hand, homeowners who…

New Home Sales Rise But So Do Prices

Following news that sales of previously owned homes rose in May, the U.S. Census Bureau and the Department of Housing and Urban Development released their estimate of how many new homes were sold during the month. According to the report, new home sales were up 2.9 percent and are now nearly nine percent above last…

Sales Of Previously Owned Homes Up In May

Sales of existing homes fell in April but bounced back in May, according to new numbers from the National Association of Realtors. May sales of previously owned homes rose 1.1 percent and are now 2.7 percent higher than they were at the same time last year. Lawrence Yun, NAR’s chief economist, says home buyer interest…

Demand High As Mortgage Rates Remain Low

According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates remained low last week. In fact, rates were mostly flat 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 loans. Low rates didn’t spur a spike in demand,…

Are Fewer Young Americans Buying Homes?

A newly released study from researchers at the University of Southern California looks at homeownership rates among young adults between the ages of 25 and 44. The study’s results show, among that age group, there’s been a 10 percent drop in the homeownership rate over the past 10 years. But does that necessarily mean young…

Housing Market Outlook Tells Familiar Story

Following the ups-and-downs of the housing market can be difficult for the average home buyer or seller. Because of this, many Americans get in the market without a basic understanding of the forces currently driving home prices, mortgage rates, demand, etc. However, it can be beneficial to have a big-picture understanding of where things are…

Lawn Tips That Might Help Sell Your Home

When considering home improvement projects that can add value to your home or even help it sell faster, don’t forget to pay some attention to your lawn and landscaping. Good landscape design can help you get a better price when it’s time to move but will also help beautify your neighborhood and please your neighbors…

Builders Say New Home Market Is Solid

The National Association of Home Builders has been tracking builders’ view of the new home market for 30 years. Their Housing Market Index measures how builders feel about current and future conditions as a way of predicting the health of the overall market going forward. Obviously, when builders feel confident that buyers are interested, more…

Mortgage Demand Up 8% Over Last Year

According to the Mortgage Bankers Association’s Weekly Applications Survey, demand for loans to buy homes is now eight percent higher than it was at the same time last year. But, though that’s good news and indicates a strong level of interest from prospective home buyers, it doesn’t tell the whole story. That’s because, at the…

The Top Things That Cause Home Buyers Stress

Home buyers have a lot to consider. Buying a home is no small transaction and the potential for stress is high. So what is the top thing stressing out home buyers these days? Well, it probably comes as no surprise that it involves money. According to a recent survey, the number one fear prospective buyers…