Home prices have been increasing for more than just the past few months. But, according to newly released numbers from the S&P Case-Shiller Home Price Indices, the increases seen this summer were widespread, consistent, and, in some cases, record-setting. S&P’s index, which is among the leading measures of U.S. home prices, shows that prices were …
New numbers from the National Association of Realtors show that, even as the summer market looked to be slowing down, homes for sale were still selling quickly. In fact, the typical property was only on the market 17 days in August and 87 percent of homes sold during the month were available less than 30 …
If you’re a prospective home buyer, the pace of new home construction should matter to you. Today’s hot market and rapidly rising prices are largely due to the fact that there are fewer homes for sale these days. Combined with a high level of buyer demand, the lack of inventory has caused a competitive market …
Each month, Fannie Mae’s Economic and Strategic Research Group releases a forecast detailing its outlook for the economy and housing market. According to their most recent release, the group sees some potential challenges ahead that may affect home buyers. Specifically, they believe buyer demand could begin to slow if affordability conditions worsen. Doug Duncan, Fannie …
The number of rooms a house has – and how they’re distributed – is even more important than the overall size of the home. A huge home that packs all the bedrooms and bathrooms into one cramped corner of the house may not serve its owners as well as a smaller house with a better …
Your mortgage lender is the first person you should talk to once you’ve decided to buy a home. After a preliminary review of your finances, they can tell you, not only whether you’re qualified to borrow, but also what your potential price range will be. In short, they’re your first step toward buying a house. …
The best time to buy a house is when you’re ready. But, once you’re ready, picking the right time of year to start the process could be beneficial. It could even save you money. How? Well, when the market slows down and there are fewer active home buyers, price increases, bidding wars, and competition also …
If you want to be approved for a mortgage, you have to qualify. This means, if you have too much debt, too little income, or bad credit, you may not be able to get a loan. Put simply, you have to have your finances in order, if you hope to borrow hundreds of thousands of …
