Confidence In Housing High Among Real Estate Pros

bobbybaldor Real Estate Leave a Comment

According to the results of the National Association of Realtors’ most recent Realtors Confidence Index, surveyed real estate professionals across the country have an optimistic take on what’s ahead for the housing market over the next six months. In fact – when measured on a scale where any number above 50 indicates more respondents view the market as strong rather …

How The Number Of Bathrooms Affects A Home’s Price

bobbybaldor Real Estate Leave a Comment

When shopping for a house to buy, there are a number of features that could rank highly on a home buyer’s must-have list. Anything from a pool to energy-efficient appliances, a big kitchen, or extra storage space might rank near the top. And houses with the day’s hottest features are sure to sell quickly and at a premium. But, according …

New Homes Offer Energy Efficient Features Buyers Love

bobbybaldor Real Estate Leave a Comment

Increasingly, home buyers say energy efficient features, such as low-E windows, Energy Star-rated appliances, and programmable thermostats, top the list of things they most want to have in their new house. And, according to a release from the National Association of Home Builders, more builders are including these features to meet that demand. “Our builder members are telling us that …

Demand For Loans To Buy Homes Spikes

bobbybaldor Real Estate Leave a Comment

According to the Mortgage Bankers Association’s Weekly Applications Survey, demand for loans to buy homes rose 6 percent last week from the week before and is now 8 percent higher than the same week one year ago. The improvement may be an indication that potential buyers are ready to start looking for a home to purchase. “There was a broad …

Home Price Increases Continue To Shrink

bobbybaldor Real Estate Leave a Comment

Home prices are still increasing but at a slightly slower pace than before, according to the latest results of the S&P/Case-Shiller Home Price Indices. Considered the leading measure of home prices, S&P’s indexes track home prices on a monthly and yearly basis. The most recent results show home price increases continuing but at nearly the same pace as they were …

Pending Home Sales Near 2-Year High In February

bobbybaldor Real Estate Leave a Comment

The National Association of Realtors’ Pending Home Sales Index is a measure of how many contracts to buy homes were signed during the month. Because it gauges the number of signed contracts, rather than closings, the index is a good indicator of future sales of previously owned homes. In February, the NAR’s index showed a 3.1 percent gain from the …

Accelerated Housing Activity In The Forecast

bobbybaldor Real Estate Leave a Comment

Economic growth slowed during the first quarter of the year because of harsh winter weather in the Northeast and Midwest and the port strike on the West Coast. But, according to Fannie Mae’s Economic and Strategic Research Group, growth is going to rebound and will continue to improve through the end of the year. Not only that, economic growth will …

Strong Spring Still Expected Despite Winter Woes

bobbybaldor Real Estate Leave a Comment

As 2014 came to a close, positive economic reports lead many real estate analysts to forecast a solid spring selling season and continued housing improvement throughout 2015. The rosy outlook was based on falling unemployment numbers, historically low mortgage rates, and pent-up buyer demand. The combination of these factors was supposed to help balance the market and lead to improved …

Mortgage Rate Drop Spurs Demand

bobbybaldor Real Estate Leave a Comment

According to the Mortgage Bankers Association’s Weekly Applications Survey, mortgage rates dropped last week 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. The drop was the second in as many weeks and caused a spike in demand for mortgage applications. In fact, the …

New Home Sales Soar To 7-Year High

bobbybaldor Real Estate Leave a Comment

New estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show sales of new single-family homes up 7.8 percent in February from the month before. The sales surge beat economists’ expectations and pushed sales to their highest level since February 2008. At a time when many housing market indicators are showing slower-than-expected activity, the …