Nationwide housing affordability hit a new record high for a second consecutive quarter in the first three months of this year, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). Yet tight lending conditions continue to pose a major obstacle to many prospective home buyers.
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According to recently released statistics from the National Association of Realtors® (NAR), existing-home sales rose 3.4 percent in April and remain above a year ago, while at the same time, home prices continued to increase.
Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and …
A: Many people flock to refinance while mortgage interest rates are low, particularly when rates are about two percentage points below their existing home loans.
Other factors, like when to finance, will depend on how long you plan to hold on to your home and whether you have to …
The U.S. Department of Housing and Urban Development (HUD) recently released two reports on the impact of HUD-approved housing counseling has for those families who purchase their first homes and those struggling to prevent foreclosure. In both studies, HUD found housing counseling significantly improved the likelihood homeowners remained in …
Freddie Mac released recently its U.S. Economic and Housing Market Outlook for May showing for the most part encouraging signs with the release of several first-quarter 2012 economic indicators.
Outlook Highlights
Are there something to cheer about on Market Real Estate Sales Trend??? Yay!!! The increased sales pace was far from widespread. Sales were strongest in the Northeast and the South. Outright declines were tallied in the West and Midwest.
Oh yeah!!! A pickup in hiring and …
What would you do if you couldn’t make your mortgage payments? According to a recent survey, most homeowner would first turn to family for help.
Money Management International (MMI) recently conducted a national housing survey to learn how homeowners would act if they were struggling with mortgage payments. Survey …
The benefits of buyer's pre-approval are without question; it is good for the buyers, the sellers and the agents. It saves time, money and removes the uncertainty of knowing whether the buyer is qualified. The direct benefits include:
The potentially perfect moment has arrived to invest in rentals. Across the country rental demand is strong in many cities, and the costs associated with buying multi-family properties are lower than in recent memory.
Generally speaking, the goal of investing in rental properties is making money. Toward that end, …
Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates again hitting new record lows. The 30-year fixed-rate mortgage at 3.79 percent continues to remain well below 4 percent and 15-year fixed-rate mortgages are also slightly down at 3.04 percent.
Additional …