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Home Contracts Drop 5.6%

Existing home sale contracts dropped considerably, falling to the lowest level seen in over three years. Mortgage rates have also continued to increase over the past months, though rates have recently leveled off. According to the National Association of Realtors’...

Housing Market Expected To Cool Down

Zillow's Real Estate Market Report showed that home prices have jumped approximately 6% year-over-year. The Home Value Index increased to $163,000 by the end of last quarter, a 6.4% growth from 2012. Although home prices and mortgage rates have grown considerably...

Mortgage Activity Grows 0.6%

According to the Mortgage Bankers Association, mortgage applications grew last week, increasing 0.6% while refinancing activity fell 1%, averaging 65% of applications. Data also shows that home purchasing is increasing, averaging an increase of 1%. Although mortgage...

Single-Family Housing Rentals Increase

An increasing number of single family homes are being used as rental properties across the nation. According to USA Today’s analysis of the U.S. Census Bureau data, in 2012 1/5 of all single family homes in many metropolitan cities were rentals. Experts suggest that...

Many Baby Boomers Looking To Downsize

New research has found that baby boomers left with empty nests are much more likely to provide their children with financial aid than to invite them back into their homes. The study suggests that boomers are happy with their empty nests, and many are looking to...

Mortgage Activity Slightly Increases

According to the Mortgage Bankers Association, mortgage applications increased, growing 0.3% last week. The refinance index also grew by 4%, while the purchase index fell 5%. The average 30-year, fixed rate mortgage with a conforming loan limit jumped 0.04% while the...

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