Home Prices to Rise 4% Per Year? Average U.S. home prices — down by a third since 2006 and still falling — will rise almost 4% a year for the next five years, according to a new forecast. Market watcher Fiserv sees prices stabilizing by summer’s end and then climbing, quickly in some places until …
Tag: News
May 09
The Benefits of Home Ownership!
The Benefits of Home Ownership! We all know the social benefits of home ownership. Home ownership gives family stability, creates lower high school dropout rates, and of course gives the opportunity to create meaningful and lasting relationships. In addition to these great pluses, home ownership can be your largest financial asset. First, you’ll have access …
May 08
What does “appraisal” really mean?
What does “appraisal” really mean and how will it affect your ability to make a deal? It’s a term homeowners and sellers hear all the time. What does “appraisal” really mean and how will it affect your ability to make a deal? As the market dips and continues to struggle across the nation, many sellers …
May 07
What Foreclosure Wave? False Alarm?
What Foreclosure Wave? False Alarm? Many housing experts for months have been warning a foreclosure wave would soon flood several markets throughout the country. But was it all a false alarm? Recent surveys have shown that foreclosure sales have dropped to their lowest point in more than two years. And while according to March data, …
May 04
30-Year Fixed Mortgage Rate Continues to Slide
30-Year Fixed Mortgage Rate Continues to Slide. Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.69 percent, down from 3.72 percent at this same time last week. After rising to 3.77 percent on Wednesday, the 30-year fixed mortgage rate hovered between 3.7 …
May 03
Green Homes Increase Market Share
Green Homes Increase Market Share. Remodeling and construction of single-family homes to make them Green Homes continues to grow as more attention is placed on the benefits of going green for energy efficiency savings and better indoor quality, a new study shows. In the construction market, the Green Homes market share has grown to 17 percent in …
May 02
More Buyers Eye Unlisted Homes as Options
More Buyers Eye Unlisted Homes as Options. As housing inventories shrink, more buyers are reportedly finding their perfect home in properties that haven’t even been listed on the market yet. “Such back-pocket deals used to involve mostly luxury homes where buyers and sellers wanted to keep the sale hush-hush,” The Star Tribune reports. “But lower-priced …
May 01
Home ownership falls to lowest rate in 15 years
Home ownership falls to lowest rate in 15 years. NEW YORK (CNNMoney) — Home ownership in the U.S. fell to its lowest rate in 15 years during the first quarter as more delinquent borrowers lost their homes to foreclosure, forcing many to rent. The percentage of Americans who own their homes dropped a full percentage …
Apr 27
Has the Housing Market Finally Reached Bottom?
Has the Housing Market Finally Reached Bottom? If home buyers or home owners are waiting for the housing market to hit bottom before acting, they may have already missed it. “The crash is over,” Mark Zandi, chief economist for Moody’s Analytics Inc., told Bloomberg about the real estate market. “Home sales—both new and existing—and housing …
Apr 27
Fed Renews Vow to Keep Interest Rates Low
Fed Renews Vow to Keep Interest Rates Low. The Fed voted this week to continue its near-zero interest rates policy for the next quarter and likely much longer. The move will keep mortgage interest rates low in the coming months, if not years. In recent weeks, mortgage interest rates have hovered around record lows, which …
Apr 26
5 Ways to Sell a Home Faster, For More Money
5 Ways to Sell a Home Faster, For More Money. 24/7 Wall St. recently asked real estate experts and several real estate organizations to weigh in on how sellers can get their house sold at the best price and in the shortest amount of time. Here’s what they had to say as the best 5 Ways …
Apr 25
More Single Family Homes Turned Into Rentals
More Single Family Homes Turned Into Rentals. As the number of for-sale homes listed on the multiple listing service (MLS) drops, the number of single family homes up for rent has been gradually increasing, RISMedia reports. Single family home rentals are a growing business, as more investors buy up foreclosures at bargain prices and then …
