Number Of Homes For Sale Shows Improvement

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There are many ways to gauge the housing market. You can follow home prices and mortgage rates, buyer traffic and sales, new home construction, or access to credit. But, if you’re a potential home buyer or seller, there may be no better indicator than inventory. That’s because, it’s an easy way to determine whether or not the market favors buyer …

Loans To Buy Homes Up 13 Percent Over Last Year

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According to the Mortgage Bankers Association’s Weekly Applications Survey, the number of Americans requesting applications for loans to buy homes is now 13 percent higher than it was at the same time last year. The improvement comes during a week when average mortgage rates increased. In fact, rates were up across all loan categories, including 30-year fixed-rate loans with both …

More Americans Say Now’s A Good Time To Buy

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Spring is typically the season when housing market activity picks up. And this year – after a slow fall and winter that saw mortgage rates rising and affordability concerns increasing – the spring sales forecast has been a question mark. Will home buyers stay on the sidelines convinced that there are better conditions ahead or will they see declining rates …

How Much Of Your Money Should Go Toward Housing?

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No matter how much money you have, you still have to make choices about how to spend it. Spending too much on one thing means not having as much for another. This is simple budgeting. And, since your mortgage will likely be among your biggest monthly bills, you’ll want to give some thought to how much of your income you’d …

What Are The Best Cities For Dogs?

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There’s a long list of things you need to consider when looking for a house to buy. Whether it’s the size of the kitchen, the number of bedrooms, or just what condition its in, there’s no shortage of considerations. And, for people with dogs, a home that’s a good fit for their furry friend is definitely among them. Dogs have …

Mortgage Rate Drop Stirs Up Demand

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According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell last week 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 was significant and caused demand for loan applications to surge. In fact, refinance activity was up 39 percent …

New Home Sales Hit An 11-Month High

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New numbers from the U.S. Census Bureau and the Department of Housing and Urban Development show new home sales reached an 11-month high in February. In fact, sales rose 4.9 percent over the previous month, beating economists’ expectations and rising above numbers from last year at the same time. There was also a revision to January’s estimate, which added nearly …

Majority Of Buyers Say Prices Have Hit Their Peak

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As home prices have recovered over the past several years, prospective buyers have become increasingly concerned about affordability conditions. After all, buying a home is a major financial commitment and getting less house for your money isn’t ideal. But things may be changing. In fact, a recent survey of active home shoppers found that a majority think prices may have …