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Housing Market

Oct. 27, 2019

New Home Prices Fall To Lowest Level Since 2017

There are several reasons new homes tend to be more expensive than previously owned homes. One is that they're new. You're going to pay more for any house that has updated fixtures and features, let alone one where everything in it is brand new. But though new homes ...

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Posted in Housing Market
Oct. 22, 2019

Inventory Of Affordable Homes May Begin To Slow

When you're ready to buy a home, the market conditions you encounter will partly be determined by your price range. First-time home buyers looking for an affordable, entry-level home will find very different conditions than someone looking to spend $750,000 on a house. Why is that? Well, the ...

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Posted in Housing Market
Sept. 5, 2019

Have Home Prices Finally Leveled Off?

Home prices have been rising for years now. But, according to new data, they may be finally starting to level off. The numbers, from S&P CoreLogic Case-Shiller Indices – which is considered to be the leading measure of U.S. home prices – shows price increases have continued to slow ...

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Posted in Housing Market
Aug. 13, 2019

Home Purchase Sentiment Index Hits Record High

Americans are feeling financially confident and it's good news for the housing market, according to the latest Home Purchase Sentiment Index from Fannie Mae. The survey - which measures consumers' perceptions of buying and selling a home, job security, mortgage rates, prices, etc. - hit a new high in July. Doug ...

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Posted in Housing Market
Aug. 12, 2019

Bidding Wars Fall To Lowest Point Since 2011

Competition can sometimes be fun. But shopping for a house to buy isn't one of those times. When it comes to buying a home, competition usually leads to stress and disappointment. That's why data from one new national report is good news for potential home buyers. According to ...

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Posted in Housing Market
July 28, 2019

How Does Construction Affect Affordability?

Naturally, for home buyers, affordability is a top concern. That's not a surprise. Anyone thinking about buying a home in the near future is likely going to first try to figure out how much house they can afford. That means, keeping an eye on mortgage-rate fluctuations and where home ...

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Posted in Housing Market
July 28, 2019

What's Happening In The New Home Market?

New homes only represent about 11 percent of all home sales. But, though they're a small slice of housing market activity, they do play an important role. That's because, when new homes are selling, builders build more houses. And, since adding new homes to the housing stock can ...

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Posted in Housing Market
June 1, 2019

Summer Is The Best Time To Sell A Home

According to the popular Christmas song, the holidays are the most wonderful time of the year. But not if you're trying to sell a home. After all, winter is typically not the time home buyers go out shopping for a house. So what is the best time of the ...

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Posted in Housing Market
April 30, 2019

How Long Will You Live In The House You Buy?

Choosing a house to buy takes a little bit of vision. After all, it's easy to know what you want in a home today, but more difficult to know for sure what you'll want years from now. Things change and your life will undoubtedly take some unexpected twists ...

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Posted in Housing Market
April 16, 2019

How Much Do Sellers Spend On Home Improvement?

The typical home seller lives in their house for more than a decade before they put it up for sale. And during that 10 years, there are probably a few things they let go. So it's no surprise that the vast majority of them feel the need to fix ...

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Posted in Housing Market