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September Home Sales Improve Slightly

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After consecutive months of decline, sales of existing homes – including single-family homes, townhomes, condominiums, and co-ops – rose 0.7 percent in September, according to the National Association of Realtors. The improvement may have been even greater if not for lack of inventory in some markets and the effects of recent hurricanes in Texas and Florida. Lawrence Yun, NAR’s chief …

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Which U.S. Metros Have Changed Most Over 10 Years?

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Choosing a place to live involves many different factors. From the type of kitchen you want to the school district and the commute to work, there are a lot things to take into consideration. But there are also things that you can’t possibly know, like what your prospective neighborhood will look like in 10 years. A lot can change in …

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Mortgage Demand Rises As Rates Stay Flat

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Average mortgage rates were a mixed bag last week, according to the Mortgage Bankers Association’s Weekly Applications Survey. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances dropped slightly, while jumbo loans and 15-year fixed-rate mortgages saw interest rates rise. The average rate for loans backed by the Federal Housing Administration, on the other hand, was …

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Builders Feel More Confident In New Home Market

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As a home buyer or seller, you may not give much thought to how builders feel about the market for newly built homes. But, whether you know it or not, it can make a difference in the price you pay for your house. That’s because, the more new homes being built in your market, the more houses there are for …

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How To Make Buying A House Less Complicated

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When asked, Americans overwhelmingly say they value homeownership and believe it increases financial stability. In fact, one recent survey found 93 percent of respondents said they felt that homeownership was an important part of the American dream. Still, despite their desire to buy and own a home, many Americans hesitate before pursuing their dream of becoming homeowners. And while there …

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Orlando Market Pulse – September 2017

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From the Orlando Regional Realtor Association’s most recent Market Pulse Hurricane Irma contributes to September drop in Orlando home sales Hurricane Irma helped drive Orlando’s home sales down by nearly 20 percent in September compared to September of last year, reports the Orlando Regional REALTOR® Association. In addition, sales decreased by almost 30 percent when compared to last month. “Based …

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City Life May Be Healthier Than In The Suburbs

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Some people are drawn to urban locations and all of the perks of city life. Others, value the extra space and privacy that the suburbs provide. Whichever side of the debate you’re on, you may not have considered the benefits of one over the other from a health perspective. Fortunately, researchers from Oxford University and the University of Hong Kong …

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List Ranks Top Cities For Trick-Or-Treating

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If you have kids – or have ever been one yourself – you know that Halloween is an important time of year. The opportunity to amass large quantities of free candy is irresistible to most kids. Combine that with the chance to dress up in costume and parade through the streets and Halloween becomes one of the year’s most anticipated …

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Mortgage Rates Rise To Three Month High

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Average mortgage rates moved higher last week, according to new data from the Mortgage Bankers Association. Their Weekly Applications Survey found rates up 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. Mortgage rates are now at their highest point since July. Joel Kan, …

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Potential Home Buyers Feel More Optimistic

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Each month, Fannie Mae surveys Americans to get a feel for how people view the housing market, home prices, mortgage rates, and whether or not it’s a good time to buy or sell a home. According to the most recent results of their Home Purchase Sentiment Index, the end of summer coincided with a boost in optimism among potential home …