Shopping for a house to buy involves many choices. One of the most obvious is whether you want to buy a new house or an existing home. But before you choose, you should know that market conditions can be very different between the two. For example, though the overall supply of homes remains low, there’s …
Each month, Fannie Mae’s Economic and Strategic Research Group releases an outlook forecasting what they think is ahead for the economy and housing market. In November, their outlook is largely positive, with economic growth projected to remain fairly consistent and housing activity continuing its momentum into next year. Doug Duncan, Fannie Mae’s senior vice president …
Housing Outlook Stays Positive Despite Challenges Read More »
One of the big challenges for home buyers this year is how quickly homes have been selling. It hasn’t been uncommon to see a good listing go up midweek and sell before the following Sunday. That doesn’t leave much time for interested buyers to get out to see it, consider their options, and make a …
If you’re not looking to buy a new house, you may not think the number of new homes being built has anything to do with your home search. But it does. In fact, much of what’s happening in the housing market today is a result of lagging new home construction numbers in the years following …
Typically, homebuyers have a wish list of features they’re looking for in their next house. Whether it’s a bigger yard, more storage, extra bedrooms, or a great location, buyers always have a reason they’re ready to move. After all, why bother moving if your current home has everything you want and need? But when the …
For a lot of us, it’s still hard to believe summer’s over and the clocks have already rolled back. But it is November and the holidays are just around the corner. So maybe it isn’t too soon to start thinking about spring. If you’re a potential home buyer looking to make a move in the …
By now, anyone interested in buying a house knows home prices have been rising. Climbing prices have been a factor for home buyers for years, and especially over the past 12 months. But while home prices have risen, that doesn’t necessarily mean you can’t find a home that’s affordable. It might actually be more possible …
Report Finds 57% Of Recently Sold Homes Affordable Read More »
New numbers from ATTOM Data Solutions show that 39.5 percent of mortgaged residential properties were considered equity rich during the third quarter. That’s up from 28.3 percent last year at the same time. So what does equity rich mean? Well, according to ATTOM’s U.S. Home Equity & Underwater Report, it means the amount of loan …
According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell last week from the week before. Rates were down across all loan categories, including 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. The decline helped push demand for loan applications …
