Blog
November 2018 Housing Affordability Index
Posted on 11 Jan 2019 by Michael Hyman, Research Data Specialist At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates rose to 4.99 percent this November, up 19.1 percent compared to 4.19 percent a year ago....
Land Market Shows Slow But Steady Growth in 2018, According 2018 RLI-NAR Land Survey
Posted on 23 Jan 2019 by Scholastica (Gay) Cororaton, Research Economist With rising interest rates and commodity prices still depressed, land sales and land prices continued to increase, although at a modest pace, during October 2017 – September 2018, according to...
Monday Minute
The National Association of Realtors completed a home buyer profile in February 2017 that revealed some interesting information regarding down payments: 39 percent of respondents who didn’t own a home thought they needed a minimum of 20 percent down before they could...
5 things that could earn you extra money that you personally do not need and could influence your desire to sell!
1. A huge yard you do not enjoy as much as you used to. Are you are paying extra for the cost of watering and maintaining a yard you do not use? If you had a large family or kids that would use this large yard great. However, if you find the time and cost of...
A recent Realtor.com article summarizes why our housing market is slowing down. Here is what it had to say!
Home sales should be surging. The economy is booming and more people are earning good-sized paychecks again. Millennial's are starting to settle down and have children, so they need more space. And the crazy price gains of the last few years are beginning to slow...
Some of the items we want to look at that impact the housing market and buyer’s willingness and financial ability to purchase homes!
Workin’ 9 to 5, What a way to make a livin’.” (Dolly Parton) These past weeks have shown more and more people working 9 to 5 and home loan rates didn’t like it. Even though this is good news for more people who are looking for work, it impacts loan rates and thus...
NOW COULD BE THE BEST TIME TO BUY OR S
Contrary to what you may have heard, I find the fall is often the absolute best time to either purchase your home, or consider selling your home! I often have people say they want to wait until after the first of the year or spring time to make their moves. When...
Good News, Bad News!
The good news is that when the unemployment numbers came out, it shows that our unemployment numbers are better! The bad news is that as the economy shows signs of improving, mortgage interest rates increase. This is what happened during the first week of October! I...