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Low Inventory Causes Home Prices to Accelerate
The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price report earlier this month. The report revealed that home prices are not only continuing to rise but that the increases are accelerating. Lawrence Yun, Chief Economist at NAR, discussed the impact of low inventory on buyers in the report: (more…)
Mortgage Rates Again at Historic Lows
Just two weeks ago, we posted an article discussing where mortgage interest rates may be heading over the next twelve months. We quoted projections from Fannie Mae, Freddie Mac, the Mortgage Bankers’ Association and the National Association of Realtors. Each predicted that rates would begin to rise slowly and steadily throughout 2016. (more…)
Thinking of Buying A Home? What Are You Waiting For?
With spring right around the corner, you may be wondering if you should wait to enter the housing market. Here are four great reasons to consider buying a home today instead of waiting. (more…)
Future Home Values: Where Do The Experts Think They Are Headed?
Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. (more…)
Are the Kids Finally Moving Out?
During the recession, many young adults graduating from college were forced to move back in with their parents. This caused new household formations to drop dramatically from the long term average of 1.2 million formations annually to half that number. However, this may be the year this turns back around. (more…)
Homeownership Finally Makes Political Debate
This is not a political post!
Finally, the issue of homeownership has become a platform talking point in this year’s presidential debate. Yesterday, one of the candidates running for President spoke out about the importance of homeownership in America. (more…)