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While there have been signs recently that the market may be shifting toward the favor of home buyers, prices are still on the rise in many areas around the country. The median sales price in July was $230,411, up 5.8 percent year over year. But if your buyer clients are hoping to wait it out, […]

November 2, 2018 mortgage rates for 30, 15, ARM. Full information at http://www.freddiemac.com/pmms/ ® REALTOR® Magazine Mortgage rates took a slight breather this week as borrowing costs moved lower and offset last week’s uptick. Still, the housing market is trying to adjust to rates that are much higher than a year ago. “While higher mortgage […]

MORTGAGE RATE FORECASTS SUGGEST A NEARLY 10 PERCENT GAIN IN BUYERS’ MORTGAGE PAYMENTS BY NEXT JULY BY ANDREW LEPAGE HOUSING AFFORDABILITY, REAL ESTATE While the U.S. median sale price has risen by close to 6 percent over the past year the principal-and-interest mortgage payment on that median-priced home has increased around 13 percent. Moreover, while […]

Rising home prices over the last few years has helped homeowners gain more equity in their homes. In the third quarter of 2018, homeowners sold for an average of $61,232 more than their original purchase price—the highest average home seller price gain since 2007, according to a newly released report from ATTOM Data Solutions. That […]

MCLEAN, Va., Oct. 04, 2018 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey®(PMMS®), showing that the 30-year fixed-rate mortgage dropped slightly for the first time after five weeks of increases. Sam Khater, Freddie Mac’s chief economist, says, “Mortgage rates inched back a little in this week’s survey, easing 1 […]

Home Prices Less Affordable Than Historic Averages In 78 Percent of Local Markets; 30 Percent of Population in Markets Requiring $100,000+ in Annual Income to Buy a Home IRVINE, Calif. – Oct., 4, 2018 — ATTOM Data Solutions, curator of the nation’s premier property database, today released its Q3 2018 U.S. Home Affordability Report, which shows […]

U.S. inventory is poised for positive growth boosted by a 5-year high in new listings – Nationally, new listings jumped 8 percent year-over-year, the largest increase since 2013 – Median listing price growth continues to slow at 7 percent in September, compared to 10 percent last year – Total listings in the 45 largest markets […]

The jump in home prices has prompted the cost of homeownership to outpace that of renting in more places across the country. The monthly costs of owning a home has increased by 14 percent over the past year—more than three times the 4 percent increase in monthly rental costs, according to a new analysis by […]

New mortgages are being approved with lower credit scores, and FHA loans appear to be leading the shift, according to studies by credit developer FICO and other entities. “As we get further away from the Great Recession, underwriting criteria seems to have eased, and a broader section of consumers are obtaining mortgages as a result,” […]

Santa Ana, Calif. – July 10, 2018 – Veros® Real Estate Solutions (Veros), an award-winning industry leader in enterprise risk management, collateral valuation services, and predictive analytics, has released its second quarter 2018 VeroFORECASTSM, which predicts that over the next 12 months residential market values will appreciate at a national average of +4.4%, a slightly higher rate than predicted in […]