There are a lot of Americans looking to buy a home this year. In fact, there are far more home buyers active in the market than there are available homes for sale. That, of course, puts upward pressure on home prices. The latest S&P Case-Shiller Home Price Indices shows just how much. According to the …
For generations, young Americans have included homeownership among their goals for the future. Its appeal has endured over the decades and through numerous bubbles, crashes, and recessions. Now, according to a new survey from the National Association of Realtors’ consumer website, there’s another generation of young Americans making plans to buy in the near future. …
If you’re shopping for a home to buy and feel like there are fewer options to choose from, you’re not imagining it. The number of homes for sale is lower than normal and has been for a while now. How much lower? Well, a recent report from Black Knight Financial really puts it in perspective. …
Sales of previously owned homes fell less than one percent in May, according to new numbers from the National Association of Realtors. The month-over-month decline, though slight, was the fourth consecutive monthly decrease for existing-home sales. Lawrence Yun, NAR’s chief economist, says the issues currently holding sales back are expected to improve in the months …
People tend to choose where to live based on a few basic factors. Traditionally, we want to live somewhere close to our family, our friends, and our job. But with more Americans working remotely, one of those three factors has been eliminated and it’s led to an increase in prospective homebuyers who are considering moving …
Housing market conditions have been pretty consistent over the past few years. Inventory and mortgage rates have remained low while buyer demand and home prices have continued to increase. Even during a global pandemic, conditions remained remarkably steady. There are a number of reasons for this and the latest outlook from Fannie Mae’s Economic and …
Before you can shop for a house to buy, you have to make sure you’ll be able to get a loan. After all, there’s no point in falling in love with a home only to discover it’s out of your price range – or worse, you aren’t able to get approved for a mortgage. That’s …
Whatever challenges today’s housing market has, they haven’t deterred home buyers. Buyer demand spiked last summer and hasn’t let up since. In fact, a newly released survey of mortgage lenders found an increasing number of them say they’ve seen buyer demand grow over the past three months. Doug Duncan, Fannie Mae’s senior vice president and …
Having a second home is a dream for a lot of people. Who doesn’t want somewhere beautiful they can escape to when they need a break or want to flee bad weather? But while we dream about it, owning a second home is expensive and, if you don’t have the ability to use it often …
Has The Second-Home Buying Boom Started To Cool? Read More »
