Dear Friends, I would like to wish all my friends who celebrate a Happy Easter and a joyous Passover. As we move further into spring, and with the holiday soon to be behind us, I am expecting the real estate market to move into high gear. We are already seeing signs that the housing market […]
Spring Ushers In An Explosive Housing Market Read More »
The fine print in the new rules created some exemptions that you can use to try again if you don’t meet one or two of the eight qualified mortgage checks, or if you want to go with a loan product that the rules discourage lenders from making. 1. Your State Housing Finance Authority State Housing
Available Options When Your Mortgage Lender Says No Read More »
A rise in home purchase contracts and relatively low inventory bodes well for sellers heading into the spring market as pending home sales swell. Improved buyer demand at the beginning of 2015 pushed pending home sales in January to their highest level since August 2013, according to the NATIONAL ASSOCIATION OF REALTORS®. All major regions
Pending Home Sales Swell to Highest Level in a Year and a Half Read More »
If you own a home, chances are good it’s worth more now than when you bought it. Home prices rose in 86% of metro areas in the fourth quarter of 2014, data from the NATIONAL ASSOCIATION OF REALTORS® show. Prices increased steadily due to a shrinking supply of homes for sale and a growing number
Home Prices Up 25% Over Three Years Read More »
For 2014, the national median existing home price hit its highest level since 2007: $208,500. The median price also represents a 5.8% increase from 2013 ($197,100), data from the NATIONAL ASSOCIATION OF REALTORS® show. Meanwhile, the number of home sales for the year declined 3.1%. But despite low levels of properties for sale in many
Good News! Home Prices Rose 5.8% in 2014 Read More »
First-time homebuyers may face less competition in the fall housing market as investors retreated from the market in August, data from the NATIONAL ASSOCIATON OF REALTORS® show. Recent home sales activity remains stronger than earlier in the year, but fell last month as investors stepped away, says NAR Chief Economist Lawrence Yun. “There was a
Fewer Investors in Housing Market Good News for First-Time Buyers Read More »
We’re moving fast into the holiday season and I am excited to tell you that the opportunity to buy a new home is NOW! Don’t let this end of year buying window pass you by. Interest rates are approaching their recent lows. Inventories are growing, giving you a greater selection, and sellers are becoming anxious.
Why NOW is the Best Time of Year to Buy or Sell Your Home Read More »
Pending home sales rose 0.3% in September 2014, posting a positive gain for the first time in 11 months, data from the NATIONAL ASSOCIATION OF REALTORS® show. NAR’s Pending Home Sales Index showed the number of homes under contract to sell was also up 1% over September 2013. Conditions are favorable for buyers thanks to
Pending Home Sales Rise Read More »
Pending home sales slowed a bit in August, but contract signings remain at their second-highest level over the past year, data from the NATIONAL ASSOCIATION OF REALTORS® show. The West was the only region reporting an increase in pending home sales. NAR’s Pending Home Sales Index (PHSI) fell 1.0% in August and was 2.2% below
Pending Home Sales Fall Slightly Compared to Last Year Read More »
The national housing market continued to improve in July when existing-home sales reached their highest annual sales pace so far this year, NATIONAL ASSOCIATION OF REALTORS® data show. The median existing-home price rose to $222,900 in July, up 4.9% from July 2013. This marks the 29th consecutive month of year-over-year price gains. The median condo
Existing-Home Sales Continue to Climb Read More »
