Blog
New Home Sales Decreased From October To November
New home sales in the U.S. have taken a slight fall, decreasing 2.1% last month and falling from a five-month high. According to the Commerce Department, sales volume decreased to a seasonally-adjusted annual rate of 464,000. Although percentages are down from the...
Study Finds Growing Baby Boomer Population In Many Desirable Cities
A new study has found that some locations may be more desirable than others for baby boomers to live. The study uncovered many factors that play a role in where seniors want to live, such as health care access and climate. Raleigh, NC, Austin, TX, and San Antonio all...
Strong Housing Market Expected For 2014
New data that has been released suggests the housing market will continue to strengthen in 2014. While the predictions for housing market growth are extremely positive, the economy is not expected to expand substantially. Interest rates are expected to remain low, and...
Loan Delinquency Rates Rise Slightly
According to Lender Processing Services, the U.S. loan delinquency rate rose slightly in November. Overall the delinquency rate this year has dropped compared to the last few years, down approximately 10% year-to-date. Foreclosure inventory rates fell 2.5% last month,...
Housing Market Gains Strength
Freddie Mac’s Primary Mortgage Market Survey shows that average mortgage rates have increased from the previous week due to housing permits and starts. The recently released data states that 30-year fixed-rate mortgage increased .05% from last week, averaging 4.47%....
November Home Sales Fall
According to the National Association of Realtors, home sales fell in November with previously owned home sales dropping to 4.3%, averaging an annual rate of 4.90 million units. Additionally, filings for unemployment and unemployment benefits increased against...
November Housing Starts Soar
According to new data released by the Commerce Department, last month’s housing starts increased 22.7% from the previous month’s revised estimate, and almost 30% from November 2012. Single-family housing starts averaged a rate of 727,000 last month, a 20.8% increase...
Housing Market Confidence Grows 4 Points
According to the National Association of Home Builders/Wells Fargo Housing Market Index, construction demand has increased the housing market confidence level to 58 this month. The market measures conditions, sales expectations, current sales, and prospective buyer...
Rental Prices Expected To Grow In 2014
According to market experts, rental prices are expected to increase next year for much of the nation due to rising demand and tight supply. Experts at Axiometrics, an apartment market researching company, expect a 3.1% growth in rental costs, while Reis, another...
Senior Renter Population Increasing
New research suggests that home ownership may be decreasing and rentals rising as the number of seniors increases. Rentals are projected to grow by 40% over the next 10 years as baby boomers downsize and those age 75 and above need more accessible homes. In 2012, 35%...