Posts Tagged ‘First Home Mortgage’
Home Sales Increase While Inventory Drops
According to new data, declining inventory may be helping to push more buyers to buy, increasing the amount of home sales across the nation. In September, homes listed on Zillow spent an average of 30 days less on the market than in September 2012. Chief Economist at Zillow, Dr. Stan Humphries said, “the declining inventory…
Read MoreMortgage Rates Up From Last Week
30-year fixed-rate mortgage hit the highest levels since September, averaging approximately 4.35%, and have jumped .19% from last week according to Freddie Mac’s Primary Mortgage Market Survey. Fixed-rate mortgages overall have increased for the second consecutive week, while the U.S. economy has also shown signs of growth over the last few weeks. 15-year fixed-rate mortgages…
Read MoreReport 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%.…
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