Check out Rick Allen - Icon Realty on Yelp

Market Updates

Sept. 8, 2019

New Home Market Shows Signs Of Momentum

The latest data from the U.S Census Bureau and the Department of Housing and Urban Development shows new home sales down nearly 13 percent in July. But the decreasing sales numbers are a bit misleading. That's because the decline was mostly the result of a significant revision to ...

View More
Posted in Market Updates
July 28, 2019

56% Of Homes Sell In Under A Month

If you're shopping for a house this summer, you should be prepared to move fast. That's because, homes are selling quickly so far this season and new numbers from the National Association of Realtors show the trend continuing through June. In fact, 56 percent of the homes sold ...

View More
Posted in Market Updates
May 26, 2019

30-Year Rate Now At Lowest Level In Over A Year

According to the Mortgage Bankers Association's Weekly Applications Survey, average rates for 30-year fixed-rate mortgages with conforming loan balances fell again last week. Rates for jumbo loans, loans backed by the FHA, and 15-year fixed-rate mortgages remained mostly flat from the week before. Joel Kan, MBA's associate vice ...

View More
Posted in Market Updates
May 26, 2019

Report Shows Buying Conditions Are Improving

The National Association of Realtors most recent existing-home sales report shows sales were essentially flat in April, falling 0.4 percent from the month before. But though flat sales to begin the spring selling season may seem like trouble, a closer look at the data shows conditions are gradually improving ...

View More
Posted in Market Updates
May 1, 2019

Do Open Houses Lead To Faster Sales?

When you have something to sell, half the battle is getting it in front of the people who'll want to buy it. No matter what you're selling – or how great it is – if no one knows it's for sale, you're not going to have ...

View More
Posted in Market Updates
Feb. 28, 2019

Mortgage Rates Fall As Buyers Hit The Market

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates fell last week across all loan categories, including 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year mortgages. The drop coincided with a surge in home buyers applying ...

View More
Posted in Market Updates
Feb. 25, 2019

Another Sunny Spring Forecast For Home Buyers

Fannie Mae's Economic and Strategic Research Group puts out a monthly outlook covering economic and housing conditions and their expectations for the coming months. According to their February forecast, home buyers may have something to look forward to as spring approaches. That's because, this year's real estate ...

View More
Posted in Market Updates
Feb. 22, 2019

Slow January Home Sales Only Half The Story

New numbers from the National Association of Realtors show sales of previously owned homes fell 1.2 percent in January from the month before. It was the third consecutive monthly decline and, among the country's four major regions, only the Northeast saw an increase in sales activity. But, though ...

View More
Posted in Market Updates
Feb. 20, 2019

Home Builders Optimistic About Spring Market

The real estate market tends to slow down in the fall and winter. Spring and summer are far more popular with home shoppers. But last fall, in addition to the normal seasonal slowdown, mortgage rate increases caused many potential home buyers to put a hold on any plans to purchase ...

View More
Posted in Market Updates
Feb. 19, 2019

More Young Adults Living With Parents

The fact that younger Americans these days are facing some financial challenges is well documented. Rent has increased and so has student loan debt. That can make saving money to buy a home difficult. So it shouldn't be too surprising to hear that there are an increasing number of ...

View More
Posted in Market Updates