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Green Homes Aren’t Necessarily More Expensive

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Conventional wisdom has it that if you find a home equipped with the latest eco-friendly features it’s going to cost you significantly more than one without. After all, energy-efficiency and green-home technologies have become more popular with prospective home buyers in recent years. But though that’s commonly thought, new research says it’s not necessarily true. In fact, in some markets, …

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Boosted Mortgage Demand May Be A Sign Of Spring

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According to the Mortgage Bankers Association’s Weekly Applications Survey, demand for loans to buy homes spiked 6 percent last week and is now 10 percent higher than at the same time last year. The increase was part of an overall gain in mortgage demand that may be a signal that the spring home buying season is ramping up. The improvement …

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Homes Sell At Fastest Recorded Pace In 2017

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Making big decisions quickly is not usually a recipe for success. However, in today’s housing market, that’s exactly what home buyers have to do. That’s because homes are selling faster than ever these days. In fact, according to a recent analysis, the average home took 81 days to sell last year. And that includes closing, which usually takes four to …

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New Home Builders Take An Optimistic View

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Home builders are a good gauge of what is going on in the housing market. After all, their business depends on knowing whether or not Americans are interested in buying a house. And so, the National Association of Home Builders tracks builder confidence as a way of measuring how much demand there is for new homes today and over the …

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Orlando Market Pulse – March 2018

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From the Orlando Regional Realtor Association’s most recent Market Pulse Orlando home sales hold steady, median price rises in March Orlando’s median home price rose 6 percent in March when compared to March of last year while sales held steady with a slight 1 percent increase, reports the Orlando Regional REALTOR® Association. Inventory declined by nearly 10 percent compared to …

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Renters Say Cost Drives Their Housing Decisions

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Money is the top factor when it comes time to decide whether to rent or buy. After all, buying a home comes with several upfront costs that can make it a challenge if you don’t already have some money set aside. So with recent gains in the economy and job market, it’d be natural to expect that Americans are feeling …

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Most Counties More Affordable Than Historic Average

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Pretty much anywhere you go there are parts of town that are more affordable than others. There are areas known for starter homes that attract young families and other parts where the homes come with higher price tags and significantly more square footage. Which part of town you end up buying a house in will be determined, in part, by …

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Average Mortgage Rates Declined Last Week

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According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell across all loan categories last week, 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 decline in rates, demand for mortgage applications was down from the previous week and is now about …

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What Buyers Should Know About Home Inspections

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After finding a house to buy and making an offer, one of the next steps in the process is to get the home professionally inspected. This is done for a couple of reasons. One, it provides the home’s buyer with necessary information about the health and upkeep of the home’s various systems. But, additionally, it can be used to negotiate …

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Americans Say Now Is The Time To Buy

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Every month, Fannie Mae surveys Americans to better understand how they view the housing market, their personal finances, and the overall economy. Their Home Purchase Sentiment Index is a measure of how people around the country feel about buying or selling a home. And, according to the most recent results, they currently feel like it’s time to buy. In fact, …