The Conference Board’s consumer confidence index increased by 4.4 points, averaging 81.7, the highest level seen since early 2008. This new data suggests that now is a great time for buying a home. The Director of Economic Indicators at The Conference Board, Lynn Franco said, “while consumers were moderately more upbeat about future job prospects…

According to 2014 spring housing market data, this year will be prime time to sell. Mortgage rates are still historically low, and many sellers have been putting off selling their homes until the brutal winter has come to an end. Experts say there are a few things to keep in mind when selling your house…

Many baby boomers are turning to reverse mortgages for extra income, according to recent data. Loan percentages are expected to increase over the next several years as 77 million baby boomers make their way into retirement, and new reverse mortgage rules have been put in place to preserve the safety of the borrower. The new…

Mortgage rates fell this week after last week’s increase, according to Freddie Mac’s Primary Mortgage Market Survey. The 30-year, fixed-rate mortgage fell 0.5% averaging 4.32% nationally this week. While the 15-year, fixed-rate mortgage also declined 0.6%, averaging 3.32% nationally. Both the 30-year and 15-year, FRM are still up from this time last year. Additionally, the…

New data released by TransUnion states that, as hiring increases and the housing market continues to improve, more consumers are making mortgage payments a priority once again. An increasing number of homeowners are beginning to pay off their mortgages instead of making large payments on credit cards, showing evidence that more consumers are out of…

The number of Americans who want to buy a home this year is growing, but following through with the act may be a difficult task. Zillow’s chief economist Stan Humphries said, “the dream of homeownership remains very much alive and well, but these aspirations must also contend with the current reality, and in many areas,…

According to the National Association of Home Builders, home builder sentiment in the United States increased this month. The NAHB/Wells Fargo Housing Market index jumped one point from last month averaging 47, still lower than many economists had predicted for March. February was the first month the housing market index fell below 50, and many…

According to reverse mortgage rules, when the owner of a home enrolled in a reverse mortgage moves out of the current home or passes away, the loan payoff is due shortly after, leaving many heirs in a complicated financial situation. Experts are encouraging people to let their heirs know about their reverse mortgage to help…

Home prices have jumped, and in turn, an increasing number of houses have been put on the market, increasing supply in many U.S. cities. The median home price averaged $199,000, up 7.6% from this time last year. Home sellers and economists are hoping for a large spring buying season that will help the housing produce…

Research shows that millennials have now reached an age where homeownership activity typically increases, and the increased activity is expected to strengthen the housing market. According to the National Association of Realtors annual survey of recent homebuyers, millennials make up 78% of all first-time homebuyers. Lawrence Yun, the NAR’s chief economist said, “given that millennials…