Spring Market Upswing? Although prices have started dropping since last June, they are still higher than before. Now that demand is returning to the market due to a minor decrease in mortgage rates; prices are pushing back. According to CoreLogic’s most recent data, U.S. home prices were 6.9% higher than they were a year earlier…

Housing Market Meltdown May Be Behind Us, Economists Believe Many economists and industry leaders believe that the worst housing market slump is behind us. Glenn Kelman, CEO of Redfin, stated that the housing market was “stronger than anyone could have hoped” in January. Even though a Yahoo! Finance piece claims that recovery won’t happen right…

Lower Mortgage Rates Urge Buyers To Reenter The Market The housing market stalled last year as mortgage rates increased. Homes began receiving fewer offers and stayed on the market for a long time. As a result, some homeowners opted to delay their selling. But as interest rates start to decline, buyers are again entering the…

Home Sale Prices Increase Incrementally with Lower Mortgage Rates, Redfin Reports According to a new Redfin study, the median home sale price in the U.S. rose by 0.9% from a year earlier to $350,250 for the four weeks that ended on January 15th. This increase was the largest in a month. There continues to be…

Mortgage Demand Jumps Nearly 28% as Interest Rates Drop to Lowest Point in Months The Mortgage Bankers Association’s reported a roughly 28% increase in mortgage application volume from the prior week. In addition, mortgage rates have been at their lowest since September. Since the end of the holidays, consumers have returned to the market aggressively,…

Consumer Housing Sentiment Reports Show Slight Improvement Fannie Mae’s Home Purchase Sentiment Index (HPSI) dataset for 2022 is now final, and year-end data for December revealed a rise of 3.7 percentage points, settling at a rate of 61%, just above the Index low recorded in October 2022. Three of the Index’s six key components—homebuying conditions,…

November New Home Sales Up 5.8% Over the holiday season, HUD and the Census Bureau revealed that new home sales increased by over 6% from October and exceeded the November forecast. According to the data, sales of new single-family homes increased to a seasonally adjusted annual rate of 640,000 in November, up 5.8% from the…

The Loan Process 1. Get Pre-Approved This is the time to get in the know. A pre-approval will give you an advantage when you find your perfect home. We can tell you what you need to get pre-approved, so you know the exact loan amount you qualify for, what your monthly payment will look like,…

If you have been contemplating buying a house, we are here to help you think through the possibilities. When to Buy a House – Factors to Consider There are several factors to consider before you decide it’s time to buy a house. Here are a few: Is it better to rent or buy? You’ll want to…

As you start to consider purchasing a home, you may want the convenience of technology to help you through the process. We’ve got a list of the some of the top apps that can enhance your home buying journey.   Apps for House Hunting and Buying Homebuyers are calling for more technology in their home…