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Builders Confident But Concerned About Costs

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These days, the health of the housing market is a matter of inventory. Right now, there are fewer houses available for sale than is typical and, because of it, prices are rising and sales aren’t as high as they might be otherwise. However, as more new homes are built, buyers will have begin to see more choices and prices will …

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Buyer Demand High Despite Rising Prices

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Home prices have been on the rise for a while now. But, in most cases, the jump in values was really just prices recovering the losses suffered following the financial crisis. After the housing crash, prices plummeted and, in the years following, they have rebounded. Now some markets have fully recovered and some are even surpassing previous peaks. But despite …

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Orlando Market Pulse – May 2018

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From the Orlando Regional Realtor Association’s most recent Market Pulse Orlando home prices rise in May as sales and inventory tumble The inventory of homes available for purchase in the Orlando area dropped to its lowest point this year in May, dampening sales at the time when buyers traditionally ramp up their efforts to secure and move into a new …

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Mortgage Rate Rise Doesn’t Deter First Time Buyers

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According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates were up last week 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. The increase comes after a brief period of decreases driven by concerns about the global economy. Joel Kan, an …

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Credit Standards And What They Mean To You

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There are many factors that play a role in determining whether you’re able to qualify for a mortgage. Credit standards are one of them. But unlike your income or debts, they aren’t as easy to keep up with. They are important, though, so here’s what you need to know. Credit standards refer to the requirements lenders use to determine whether …

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Cautious Buyers May Be Overestimating Costs

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Affordability is the top concern for potential home buyers entering the summer season. That’s not a surprise. With prices and mortgage rates up, it’s natural that Americans who are hoping to buy might be leery when seeing news of rising housing costs. But, though affordability conditions are challenging in some markets, buyers may have some misconceptions that are adding unnecessary …

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One Way New Homeowners Can Save Money

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There are a lot of things you need to set money aside for when you’re getting ready to buy a house. You have to have money for a down payment, closing costs, and moving expenses but you also need to consider how much you’ll need for any future home maintenance. Buying a home means you’re on the hook for any …

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Americans Say Now Is The Time To Sell A House

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Depending on your plans, the fact that home prices have been increasing lately could be good or bad. After all, current homeowners who are looking to sell a house will feel much differently about higher prices than a first-time buyer who has to save for a down payment. This reality is reflected in the most recent Home Purchase Sentiment Index …

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Mortgage Rates Drop To Lowest Level In Weeks

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According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell last week across all loan categories, bringing rates to their lowest level in six weeks. Rates were down for 30-year fixed-rate loans with conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate mortgages. The drop brings some relief to spring home buyers, …