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Sales Of Previously Owned Homes Up In May

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Sales of existing homes fell in April but bounced back in May, according to new numbers from the National Association of Realtors. May sales of previously owned homes rose 1.1 percent and are now 2.7 percent higher than they were at the same time last year. Lawrence Yun, NAR’s chief economist, says home buyer interest continues despite some challenges. “The …

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Demand High As Mortgage Rates Remain Low

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According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates remained low last week. In fact, rates were mostly flat across all loan categories, including 30-year fixed-rate mortgages with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. Low rates didn’t spur a spike in demand, though, as home buyers and …

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Are Fewer Young Americans Buying Homes?

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A newly released study from researchers at the University of Southern California looks at homeownership rates among young adults between the ages of 25 and 44. The study’s results show, among that age group, there’s been a 10 percent drop in the homeownership rate over the past 10 years. But does that necessarily mean young Americans are no longer interested …

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Housing Market Outlook Tells Familiar Story

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Following the ups-and-downs of the housing market can be difficult for the average home buyer or seller. Because of this, many Americans get in the market without a basic understanding of the forces currently driving home prices, mortgage rates, demand, etc. However, it can be beneficial to have a big-picture understanding of where things are and where they’re headed before …

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Lawn Tips That Might Help Sell Your Home

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When considering home improvement projects that can add value to your home or even help it sell faster, don’t forget to pay some attention to your lawn and landscaping. Good landscape design can help you get a better price when it’s time to move but will also help beautify your neighborhood and please your neighbors in the meantime. If you …

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Builders Say New Home Market Is Solid

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The National Association of Home Builders has been tracking builders’ view of the new home market for 30 years. Their Housing Market Index measures how builders feel about current and future conditions as a way of predicting the health of the overall market going forward. Obviously, when builders feel confident that buyers are interested, more new homes get built. And, …

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Orlando Market Pulse – May 2017

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From the Orlando Regional Realtor Association’s most recent Market Pulse. Sales and median price increase as interest rate dips during Orlando’s homebuying season Orlando home sales increased 14 percent in May compared to May of 2016 while the median price jumped 7 percent, reports the Orlando Regional REALTOR® Association. Inventory continued its year-over-year slide and dropped by 16.8 percent, but …

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Mortgage Demand Up 8% Over Last Year

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According to the Mortgage Bankers Association’s Weekly Applications Survey, demand for loans to buy homes is now eight percent higher than it was at the same time last year. But, though that’s good news and indicates a strong level of interest from prospective home buyers, it doesn’t tell the whole story. That’s because, at the same time that demand is …

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The Top Things That Cause Home Buyers Stress

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Home buyers have a lot to consider. Buying a home is no small transaction and the potential for stress is high. So what is the top thing stressing out home buyers these days? Well, it probably comes as no surprise that it involves money. According to a recent survey, the number one fear prospective buyers have is that they’ll lose …

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Tracking The Habits Of First-Time Home Buyers

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First-time home buyers have always been an important demographic when tracking the housing market’s health. Whether or not younger Americans were buying homes, where they were buying, and in what numbers has been used to gauge trends and patterns that affect, not only first-time buyers, but everyone active in the real-estate market. Because of that, a new report from Genworth …