The housing season has begun, and most of the sellers are demanding prices higher than the market value. Is this a great idea? In a way, yes and in a way, no. Sellers may just be able to get the price they want in this manner, but most of the buyers might not be able to get a mortgage if …
Houston is one of the best places to live in America because of its booming job market. Above average salaries and countless opportunities are the two main things that are attracting so many people to this area. The economy has improved and will continue to do so in the time to come. Despite the positive outlook, Houston does have its …
Last month, industrial production increased at rates faster than predicted. This serves as the latest sign that economy is finally beginning to boom this year. What about the housing industry? Can the same be said for it as well? Not right now. The development of new homes has increased, but it has yet to meet market demand. Compared to the …
A recent report, published by the Consumer Financial Protection Bureau, summarizes the biggest challenges which borrowers face when they apply for mortgages. There are so many borrowers who until the end are not very certain about mortgages and still have their doubts. Come closing time, and all of them are confused and frustrated. The pressure is definitely on them because …
If your answer is yes, you have a lot of preparation to do. Indeed, it is a seller’s market and you do have an edge, but that is when you compare yourself with the buyers. What about other sellers? They are also part of the game, and you really must set yourself apart from them. Buyers will not only be …
Mortgage applications increased 4.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 11, 2014. The Market Composite Index, a measure of mortgage loan application volume, increased 4.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 5 …
Declines in home values experienced during the recession have already been, or are close to being, erased in almost 20 percent of metro housing markets nationwide as values continue to rise, according to the first quarter Zillow Real Estate Market Reports. U.S. home values climbed 5.7 percent year-over year in the first quarter, to a Zillow Home Value Index of …
In the past 12 months, home prices have roughly risen by 12%. This upward direction is a trend which goes as far back as the past 24 months, and is expected to continue in the upcoming months. Only this time, the rise will be around 10% and not the previously recorded value of 12%. Once a few months have passed, …
Recent month-to-month volatility in the housing market has softened the ongoing recovery. However, the majority of the Fannie Mae National Housing Survey indicators on consumer attitudes have continued to move in a positive direction during the past year, which may portend a pick-up in homebuying and selling activity this spring. According to Fannie Mae’s March 2014 National Housing Survey results, …
