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What To Do If You Live In A Competitive Market

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These days, competition and affordability are two of home buyers’ main concerns. This isn’t surprising, as no one likes to pay more for less. Naturally, we prefer to find a bargain and we certainly don’t want to have to fight off other interested buyers to get it. That’s why recent research looking at the country’s most competitive markets is of …

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Builders Confident 2018 Will Be A Good Year

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If anybody knows the new home market, it’s builders. After all, they are the ones supplying the homes and, if there’s no demand, they likely wouldn’t bother doing the work. So, when it comes to assessing the health of the market for newly built single-family homes, asking a builder is a pretty good place to start. For that reason, the …

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Mortgage Rates Rise, So Does Application Demand

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According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates increased last week, reaching their highest level since March of last year. Rates were 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. But, despite the rise, borrowers drove demand …

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Orlando Market Pulse – December 2017

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From the Orlando Regional Realtor Association’s most recent Market Pulse Orlando housing market ends 2017 with increases in both cumulative sales and median price Orlando home sales completed during 2017 finished out at 37,198, which according to the Orlando Regional REALTOR® Association is 3.8 percent above the cumulative sales total of 35,829 for 2016. By comparison, annual sales in 2016 …

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What You Should Know About Real Estate Disclosures

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If you’re thinking about buying or selling a home any time soon, you should probably know something about disclosure requirements in your state. In short, disclosure requirements are put in place to make sure homeowners selling a house let potential buyers know of any and all issues there are with the house that might not be otherwise obvious. Things like …

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Should Today’s Buyer Expect To Pay Above Asking?

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Even if you’ve never purchased a house before, you likely know that – unlike buying a hammer at the hardware store – a home’s price is up for negotiation. Depending on market conditions, a home seller may be willing to sell for less than their asking price or, if they’ve got a number of offers, may expect to get more …

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Mortgage Demand Jumps Following Holidays

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According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates held steady again last week, with little change for 30-year fixed-rate mortgages with conforming loan balances. But, though not moved from the previous week, rates are lower than they were at the same time last year. That, and some pent-up demand from the holidays, led to a spike …

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Luxury Home Listings Up 4% Year-Over-Year

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The luxury home market didn’t suffer the effects of the housing crash as severely as the rest of the market. It also rebounded faster. But, according to new research, there are a growing number of luxury listings and the additional inventory is changing conditions for buyers and sellers. In fact, the number of luxury home listings rose 4 percent in …

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Americans More Optimistic About This Year’s Market

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Americans feel better about the housing market than at the beginning of last year, according to the most recent Housing Purchase Sentiment Index from Fannie Mae. The index measures Americans’ perception of buying and selling a house, mortgage rates, prices, and their own financial stability. The most recent results show an increase in confidence since last year but a slight …