Real Estate News

Existing-home sales temper from May to June but show yearly gain

Published: 28 Jul 2017

Between May and June 2017, sales of existing single-family homes, condominiums and townhomes declined 1.8 percent, according to the National Association of Realtors. This decrease manifested as a seasonally adjusted sale rate of 5.52 million units in June, compared to May's 5.62 million units.

Financial satisfaction highest in a decade

Published: 28 Jul 2017

Americans may be in the mood for homebuying and other large purchases. According to the latest personal financial satisfaction index from the American Institute of Certified Professional Accountants, the figure hit a 10-year high for the second quarter of 2017. In particular, the index reached 24.1 points, representing a 7.6-point jump quarter over quarter.

What prefabrication could mean for homes

Published: 21 Jul 2017

The amount of speculation over the solution to housing issues should make the rise of alternatives less than surprising. One of the options gaining some attention is prefabricated homes. While some might associate the use of prefabrication with non-sustainable, and therefore less desirable elements, there seems to be a push to make these pre-made homes more available, for the cash-strapped younger buyers in particular.

New buyers want mortgages they can afford, says report

Published: 20 Jul 2017

Even if it's obvious, a new report shows the sheer importance of finding affordable mortgages, at least for those buyers who are searching for their first home. Chase Home Lending and Google collaborated on a report to assess what prospective buyers are looking for, at least based on their web searches. It outlined the major findings in a "Search for Home Snapshot," saying that, among other things, the number of results related to affordability went up by 34 percent year over year in 2016.

Mid July 2017 mortgage rates reach new high

Published: 18 Jul 2017

Freddie Mac's July release on mortgage rates shows some notable increase. The source said that the week of July 13 showed rate improvements for 15 and 30-year fixed rate, as well as 5-year adjustable rate mortgages for this period. Though all of these show some form of an uptick, the middle of these, for the 30-year FRM's, proved especially significant.

3 recurring barriers to millennial homeownership

Published: 17 Jul 2017

There likely isn't a single answer to why more people in the 18 to 34-year-old age range don't own homes. As this blog has mentioned several times, this demographic clearly is buying homes to some extent, but there are factors which seem to keep coming up as possible obstacles for those who want to make the financial jump to ownership, a challenging move for anyone, no matter the generation.

New ranking reveals top markets for summer homes

Published: 14 Jul 2017

The National Association of Realtors recently posted about the most active places for purchasing a summer home, according to a report from ATTOM Solutions. Using data for this summer, the source found the areas with the values that make them most desirable for potential buyers. On this list, Crossville, Tennessee, placed as the top vacation home market, with relatively low median sales prices for the year so far and an average summer temperature of 75 degrees Fahrenheit.

Fannie Mae economist foresees interest rate hike from Fed

Published: 11 Jul 2017

Predicting the Federal Reserve's next moves seems to be an understandable priority for some, especially given the recent rate increases and chances for more. One of the factors that can reportedly influence the Fed's decisions is the U.S. employment report and the related affect on the economy in general.

Low housing inventory defining current market

Published: 10 Jul 2017

The clash between apparent housing demand and supply seems to be a defining one for the current market. To understand the trends that may come, as well as the current predictions, it's increasingly important to consider the role low availability could play in how housing decisions manifest in the future.

Could easier mortgage buying methods offset risks?

Published: 05 Jul 2017

The mixed developments in the housing sector, and mortgages in particular, may add up to a complicated picture for buyers. While some aspects of buying may be simpler, the risk associated with purchases are also a factor to consider. At the same time, the average buyer could wonder if there are enough advantages to purchasing that could help reduce the problems of market risk.

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