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Building Permit Increase A Good Sign For Prices

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If you’re shopping for a house to buy, you’re probably concerned about affordability. After all, even in a buyer’s market, house hunters have an interest in getting the best deal. Which means, most prospective home buyers have an eye on home prices and where they’re headed. In today’s market, the best way to get a feel for what’s happening with …

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Do You Need An Agent To Buy New Construction?

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Buying a newly constructed house from a builder is a little different than buying an older home from its owner. To start with, you aren’t able to choose from a list of upgrades and customizations when buying an existing home. You’re also entering a transaction with someone who has an attachment to the home they’re selling and probably a different …

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Mortgage Rate Drop Fails To Boost Buyers

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According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell last week for 30-year fixed-rate mortgages with both conforming and jumbo balances, as well as for loans backed by the Federal Housing Administration. Joel Kan, MBA’s associate vice president of economic and industry forecasting, told CNBC the drop was driven by global economic events. “Strong inflation was …

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ORRA HOUSING MARKET REPORT – July 2018

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Decline in Orlando’s sales, inventory help stabilize home-price growth Prospective homebuyers will be cheered to learn that the rocketing rise in prices Orlando has seen over the past years stabilized this summer in the healthy single-digits. For the last three months, the year-over-year median price has increased between 6 and 7 percent. The deceleration will help maintain a healthy housing …

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Number Of Million Dollar Metros On The Rise

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As everyone knows, real estate is mostly about location. What $500,000 buys you in one neighborhood will be far different than what it affords you in another. Put another way, your money will go a lot farther in the Midwest than it will on the West Coast. Which is why a recent analysis showing a growing number of cities where …

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Equity Rich Homeowners Double Those Underwater

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It wasn’t long ago that the housing market suffered a foreclosure crisis. Homeowners saw their home values drop and were in the unfortunate position of owing more on their mortgage than their home was worth. Today, however, home prices have rebounded and, in some markets, surpassed previous highs. One sign of that recovery can be found in ATTOM Data Solutions’ …

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America’s Homes Are Growing Older

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You can tell a lot about the way an area grew by the age of its homes. The pace of suburban sprawl, for example, can be mapped just by observing the way homes get newer as you get further from the city’s center. Houses built in the 1920s give way to homes from the ’50s and ’60s and so on. …

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Trade-Up Buyers May Be Waiting To Make A Move

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The current real-estate market suffers from a lack of inventory. Fewer available houses for sale has led to higher prices and more competition for the homes that are on the market. Part of the reason for this is fewer new homes were being built in the years following the housing crash. But what about current homeowners? Why haven’t more Americans …

Mortgage Rates 3

Mortgage Rates Mostly Steady Last Week

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According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates were relatively flat last week, including rates for 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate mortgages. But, despite the fact that rates were mostly unchanged from one week earlier, overall demand for mortgage applications was down …

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How Land-Use Regulations Affect A Home’s Price

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The value of a particular house has to do with many different factors. The condition of the house, the location, the school district, supply, demand, and the surrounding neighborhood’s amenities are among some of the most well known. But a recent analysis has pinpointed another, less well known, factor that may help push prices upward. According to the study, areas …