Sep 02
More Consumers Have Higher Credit Scores Nearly one in five consumers have a FICO credit score that is 800 or higher. The percentage has slightly risen from 19.9 percent currently from 19.6 percent six months earlier, according to the Fair Isaac Corp. As such, fewer consumers have credit scores below 550, a steady decline …
Aug 31
Signs Indicate No Drop-Off for Home Sales It appears existing-home sales won’t drop off at the end of the summer, as sales contracts rose modestly in July, reflecting an overall upward trend for the past seven months, according to National Association of REALTORS® data. The housing market has begun the second half of 2015 …
Aug 28
Where Americans Are Moving To? About 18 percent of people who moved last year – or 8.5 million – moved from one large metro area to another. But also a growing number moved to a smaller city that was not too far away from their prior residence, U.S. Census Bureau data shows. The top …
Aug 27
10-Year Housing Surge on the Horizon? The housing market is poised for one of its largest expansions in history. By 2024, demographic and economic changes are forecasted to bring 15.9 million additional households on board, according to a new study released by the Mortgage Bankers Association. That means an average of 1.6 million additional households …
Aug 26
New-Home Sales Climb in July Sales of new single-family homes rose 5.4 percent in July, as more builders reported higher buyer traffic. Such traffic may lead to an increase in building activity as well, as home builders add more inventory to meet a heightened confidence in the market. The Commerce Department reported Tuesday that sales of newly …
Aug 25
6 Home Buyer Concerns Rising home prices tops the list of home buyer concerns this year, a shift from last year when nearly half of buyers said their chief concern was the limited number of homes for-sale, according to a new survey of more than 3,500 buyers released by the real estate brokerage Redfin. In this year’s …
Aug 24
Homelessness Rising Among Families Total homelessness has fallen 10 percent in the country since 2010, but among one segment, homelessness is on the rise. A new blog post from Harvard University’s Joint Center for Housing Studies notes that homelessness among families remains persistently high. More than a third of the total homeless population is made …
Aug 21
Common Mortgage Deal Delays A last-minute problem with financing can quickly delay a closing on a home sale. Here are two of the most common financing problems that can surface: Failure to disclose key financial information. One of the biggest reasons for a financial issue is the failure of the buyer to disclose key …
Aug 20
New-Home Sizes Are Starting to Shrink The median size of U.S. homes dropped slightly in the second quarter, edging back from a record set in the previous quarter, the Commerce Department reported Tuesday. In the second quarter, the median size of a new home was 2,479 square feet – about 40 square feet smaller …
Aug 19
Borrowers Make Fewer Late Payments The mortgage delinquency rate – borrowers who are late on their mortgage payments by 60 days or more – is rapidly declining, dropping to 2.72 percent in the second quarter, according to a new report by TransUnion. The delinquency rate has fallen 20 percent in the last year alone, …
Aug 18
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How High Will Mortgage Rates Actually Climb? The lowest mortgage rates on record have lured buyers during the last few years, but the Federal Reserve has already given plenty of signals that will soon come to an end. Mortgage rates are already inching up, ever-so-slightly. From January to June, the 30-year fixed-rate mortgage climbed …
Aug 17
10 Ways to Make Moving Easier Peak moving season is underway. While moving can be a stressful undertaking, there are simple ways to make the process more organized. CityLab recently asked moving experts to share some of their top tips to make moving easier. Feel free to share these moving tips with your clients. First …
