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Home Improvement Store Sales Increase
Recent data shows that sales for Lowe's, a popular home improvement store, have increased over the last year. The store reported a net income of $306 million, in the fourth quarter of 2013, increasing 6.3% from the prior year. Store earnings are affected by home...
Home Prices Increasing At Slower Pace
Home prices are increasing at a slower pace which many experts say is good for prospective buyers, as it keeps an increasing number of properties affordable longer. According to the S&P/Case-Shiller index, property values jumped 13.4 from the end of 2012 in 20...
Mortgage Rates See Slight Increase
Mortgage rates increased this week with the 15-year fixed-rate mortgage rising .02%, Averaging 3.35%, and the 30-year fixed-rate mortgage increasing .05%, Averaging 4.33%. According to many experts, mortgage rates are expected to continue rising this year as the...
Professor Drawn To Reverse Mortgage Business After Rule Changes
Reverse mortgages have become increasingly popular over the years helping many adults, age 62 and older, keep their homes. Columbia Business School professor and reverse mortgage expert, Christopher Mayer, explains why reverse mortgages can help many seniors through...
Housing Data Continues On Positive Track Despite Slow Activity
According to the U.S. Census Bureau, Last month’s housing index decreased showing a 16% drop in home construction, while the National Association of Home Builders released data showing that builder confidence has also fallen. Supply and demand continue on a positive...
Experts Say 2014 Is The Year Of The Jumbo Loan
New data suggests that 2014 is the prime time to take out jumbo mortgages. This year, jumbo mortgage rates decreased and are now nearly as low as rates for conventional mortgages and in some cases lower. The drop in jumbo mortgage rates is a result of lower...
Winter Weather Affecting Housing Market
Recent data suggests that the economy has declined in certain areas due to the severe winter weather conditions. The National Association of Home Builders has stated that the housing market took a hit this month, decreasing 10 points and averaging 46, the lowest...
Foreclosures Fall to 45,000 Units
According to data released by CoreLogic, completed foreclosures decreased to 45,000 units in December 2013, a 14% fall from the previous year, but still considered high when compared to pre-recession foreclosure rates. The president and chief executive officer of...
Housing Market Demand Expected To Ease
New data from the Zillow Home Price Expectations Survey suggests that housing market demand will decrease over the coming years as large-scale investors run out of inventory. Experts expect the change to help first-time homebuyers and others looking for single-family...
Baby Boomers Aid Home Sales
According to new housing market research, baby boomer homeowners may be pushing young homebuyers out of the market. As home values and prices continue to increase, many younger Americans are unable to afford down payments due to low income jobs and school debt. Home...