Housing Market
Report Shows California Has The Most Expensive Real Estate
Coldwell Banker’s annual home listing report was released showing the most expensive places to buy real estate in the country. According to the report, the state of California has the most expensive real estate, and the prices do not seem to decrease the high demand in that part of the country. On average, the median…
Read More55+ Housing Demand Grows
According to recent data released by the National Association of Home Builders, builder confidence has increased in the 55-and-up housing market. Experts say that the single family housing market demand has grown considerably with the help of senior citizens, jumping 14 points, averaging a level of 50 in the single-family index. The chairman of NAHB’s…
Read MoreMortgage Rates Expected To Average 5.4% In 2014
According to the National Association of Realtors, home sales and prices are expected to continue to rise over the next year as mortgage rates increase. Many experts are worried that the increase will cause housing affordability to decrease. Home prices have been forecasted to jump 6% next year, and mortgage rates are expected to increase…
Read MoreHome Prices Help Fuel Housing Market
According to the National Association of Realtors report, many metropolitan cities in the U.S. showed exceptionally high year-over-year home price gains. The report also states that the median price posting was the best rates seen in approximately eight years. These rates are all expected to help the housing market grow over the coming months and years.…
Read MoreEconomy Growth Exceeds Expectations
The U.S. economy has exceeded previously estimated rates showing a 0.3% increase from the second quarter of the year to the third quarter, averaging an annual rate of 2.8%. The Bloomberg news had previously said that the annual growth rate of the U.S. economy in the third quarter of this year would be approximately 2%.…
Read MoreChange In Top-Ten List For Growing Housing Markets
The housing market is speeding up in certain locations faster than others. Recent data shows that housing market recovery can be seen at its best in ten metropolitan cities and is ranked by measuring how many days houses are on the market, supply, and median home prices. The top ten turnaround housing markets have changed…
Read MoreHomebuilders Enter Peak Season
According to past data, homebuilders are entering their peak season, as November, December and January make up more than 75% of homebuilders’ annual returns. Experts suggest that the jump in supply is due to anticipation for the spring selling season. Keefe, Bruyette & Woods firm said, “the spring selling season is significant as its strength…
Read MoreHousing Market Continues To Improve
The housing market has been taking a lot of heat over the last few months as inventory decreased and mortgage rates increased, but many experts say the housing market is on the right track. Home prices jumped 12.8% in August according to Robert Shiller’s S&P/Case-Shiller housing index, the largest increase since early 2006. Shiller did not expect…
Read MoreFlood Insurance Premiums Force Homeowners To Move
Monthly premiums for approximately 1 million homeowners living in flood zones have increased due to the new flood insurance plan many coastal states require their homeowners to have. According to the Federal Emergency Management Agency, Florida, Louisiana, New Jersey, California, and Texas account for approximately two-thirds of all flood insurance policies causing monthly premiums to…
Read MoreHome Contracts Drop 5.6%
Existing home sale contracts dropped considerably, falling to the lowest level seen in over three years. Mortgage rates have also continued to increase over the past months, though rates have recently leveled off. According to the National Association of Realtors’ Pending Home Sales Index, contracts dropped 5.6% last month, averaging 101.6. Although experts suggest the…
Read More
