New data from the Zillow Home Price Expectations Survey suggests that housing market demand will decrease over the coming years as large-scale investors run out of inventory. Experts expect the change to help first-time homebuyers and others looking for single-family rentals. Dr. Stan Humphries, Zillow’s Chief Economist said, “buyers entering the market in the next…

According to new housing market research, baby boomer homeowners may be pushing young homebuyers out of the market. As home values and prices continue to increase, many younger Americans are unable to afford down payments due to low income jobs and school debt. Home builders are now targeting an older generation, age 55 and up,…

According to the National Association of Realtors, many metropolitan areas are experiencing strong year-over-year home price increases. The median single-family existing home price jumped in 73% of the measured markets. Approximately 119 metropolitan areas experienced price gains in the fourth quarter of last year when compared to the fourth quarter of 2012. Data states that …

The housing market has made significant strides toward recovery since the recession, but experts say there is still room for improvement. Home prices have slightly increased according to the S&P Case-Shiller home price index. Sales of existing homes fell from 408,300 last year to 405,800. New home sales have increased from the end of 2012…

Mortgage applications in the United States have continued to increase. Last week, The Mortgage Bankers Association stated that their seasonally adjusted index of mortgage application activity jumped 0.4%, averaging 405.2 in the last week of January.  Interest rates have also fallen with the 30-year mortgage averaging approximately 4.47%. Additionally, the MBA’s seasonally adjusted index of…

Reverse mortgage endorsements have picked up speed this year according to Reverse Market Insight. Last month, reverse mortgage volume increased 19.8%, averaging 5,061 loans, the highest average seen since August 2013.  According to data, reverse mortgage activity was significantly down in November and December, and many experts think the boost in endorsements could be due…

Mortgage rates fell this week from last week as new housing data was revealed. The 30-year fixed-rate mortgage averaged approximately 4.23%, down 0.10% from the previous week. The 15-year fixed-rate mortgage averaged 3.33%, down from 3.4% that was reported last week. The vice president and chief economist at Freddie Mac, Frank Nothaft said, “mortgage rates…

Mortgages costs fell this week, and according to data from Fannie Mae, Freddie Mac, and Ginne Mae, it could be due to a recent increase in agency mortgage bonds last week. Experts say that bond values are ascending due to the falling long-term Treasury rates, helping the cost of mortgages to decline. Sterne Agee analyst,…

House flipping jumped last year, averaging a 16% increase from 2012, and a significant 114% jump from 2011 according to RealtyTrac’s year-end 2013 Home Flipping Report. Last year 156,862 homes were purchased, flipped and sold within a six month time frame. Data shows that the average house flipping gross profit in 2013 was approximately $58,081,…

According to new data released by the National Reverse Mortgage Lenders Association and Riskspan, home equity among seniors has improved over the last few years, and hit a five-year high in the third quarter of last year. Total home equity among seniors jumped 3.4%, averaging $3.46 trillion and increasing 165.7 points on the NRMLA/Riskspan Reverse…