To be fair, the causality might not work in this direction, but if you want to know if you’re in a good market to buy, all you have to do is look at whether Millennials are moving to your town or not. According to RealtyTrac, buying is still more cost effective than renting in the majority (68%)…

We reported yesterday on a blog post that the Federal Reserve put out, arguing their case that the rate hike shouldn’t have any impact on long-term, fixed rate mortgages. It turns out, they’re not the only ones who think that. CNBC wrote a similar piece last week. The main difference is, their article is a…

The Fed doesn’t want long-term mortgage interest rates to rise. At least, that’s the conclusion we draw from a blog post they released, Monday. The post goes to great lengths to draw the conclusion that their recent rate hike shouldn’t affect long-term mortgage rates. To be sure, it will affect short term, adjustable rate mortgages, but their…

There are many reasons to think that the housing market is still in great shape; that it can easily withstand the next year’s worth of rate hikes. And the next few months are still likely a great time to buy, seasonally, even if the weather isn’t particularly wintery this year. But if you’re not in…

There are many reasons to think that the housing market is still in great shape; that it can easily withstand the next year’s worth of rate hikes. And the next few months are still likely a great time to buy, seasonally, even if the weather isn’t particularly wintery this year. But if you’re not in…

There is a very long list of things that one must consider when buying or building a house. Now, there’s one more to add to the list: man-made hazard risk. This is only the second year it’s been conducted, but RealtyTrac just released  it’s annual Manmade Environmental Hazards Housing Risk Report — and a shocking 38% of…

It seems that for the entire year, all the data on building permits have been good, but people have been slow to actually break ground. That’s perhaps changing, finally. A Reuters journalist reporting on the general economy agrees with everyone else that the overall economic position is good, even in the face of manufacturing weakness. A key…

The Fed just announced the first increase in the “benchmark target rate” for the first time since 2006. The problem for most of us mortals is, not only do we not know what the Fed is, nor what the target rate is, but we really don’t know what this means or why it matters. Nevertheless,…

The Fed just announced the first increase in the “benchmark target rate” for the first time since 2006. The problem for most of us mortals is, not only do we not know what the Fed is, nor what the target rate is, but we really don’t know what this means or why it matters. Nevertheless,…

Monday, USA Today carried an interesting piece, touching on the likely impacts of a Fed rate increase. The article focused on the auto and home industries in particular, and for their housing analysis, they came to the same conclusion that everyone else has for several months: a rate hike is unlikely to affect the market. But…