Numbers from the first quarter of 2020 show homeownership becoming more affordable for average wage earners. In fact, according to ATTOM Data Solutions’ most recent Home Affordability Report, a median-priced home will cost someone earning the national average about 31 percent of their income –…
Home prices have been rising for several years now. A combination of increasing buyer demand and a lower-than-normal number of homes for sale led to more competition among home shoppers and put upward pressure on prices. That’s why most of the discussion about where the…
Sales of previously owned homes spiked in February, rising 6.5 percent over month-before numbers, according to new data released by the National Association of Realtors. The improvement made for the strongest month since 2007. “February’s sales of over 5 million homes were the strongest since…
Newly released figures from the U.S. Census Bureau and the Department of Housing and Urban Development show that the number of single-family homes that were started or completed in February rose from the month before. The number of building permits also increased. However, though the…
Naturally, when world events cause economic uncertainty, markets react. However, the housing market has some things going for it that may help offset any upcoming volatility. For example, there have been a lower than normal number of homes for sale in many markets for a…
Fannie Mae’s quarterly Mortgage Lender Sentiment Survey tracks the views and outlook of senior mortgage executives. And, according to their first quarter survey results, those executives feel good about the mortgage market. Why? Well, mostly because mortgage rates are at, or hovering just above, historic…
These days, you hear a lot about how there are too few homes for sale and it’s driving prices upward. But though that’s true in many markets, it doesn’t mean hopeful home buyers should give up on buying. In fact, the most recent Housing Opportunity…
There’s usually a long checklist of items to go through before selling a house. After all, you want to maximize your profit and make sure your home is attractive to buyers. That’s why, in addition to cleaning up clutter, planting some flowers, and touching up…