Blog
Rental Prices Increase For Many Tenants
As home prices increased this summer, so did rent for many tenants according to recent data. Home-buying costs this summer helped increase apartment demand giving many landlords the opportunity to increase rental prices. In the third quarter of 2013, the average...
Improved Mortgage Rates May Elevate Housing Affordability
Mortgage rates have quickly dropped, helping the housing market gain some fresh momentum. The average 30-year fixed-rate mortgage has increased approximately 1% since the beginning of May 2013, but recently rates have improved. Last week 30-year fixed rate mortgages...
Home Sales Increased In August
According to data released by the Census Bureau, U.S. home sales jumped 8% from July to August, hitting an annual rate of 421,000. Sales are still low when compared to sales levels in the first half of the year. Experts have suggested that home sales may fall as the...
Mortgage Delinquencies And Foreclosure Rates Fall
According to Lender Processing Service's First Look mortgage report, which covers approximately 70% of the Unites States mortgage market, foreclosures and mortgage delinquencies have dropped considerably across the U.S. The loan delinquency rate averaged 6.20% last...
Home Prices Increased 12.4% In July
Home prices have continued to jump, increasing 12.4% in July 2013 compared to one year earlier. According to the S&P/Case-Shiller home price index, in July, home prices showed the largest gain since early 2006. According to the index, 50% of all major housing...
New Reverse Mortgage Rules Intended To Help Retirees
The new reverse mortgage rule changes may seem to complicate the process for many older Americans who are already struggling during their retirement years. But, The new changes, which will take place on October 1st are intended to help seniors be more cautious...
Mortgage Rates Fall Slightly
Mortgage rates in the United States fell marginally last week, a sign that the housing market may be cooling down. According to Freddie Mac, the average 30-year fixed rate loan dropped 0.07% last week, averaging 4.50% while the average 15-year fixed rate mortgage fell...
Existing Home Sales Improve
Existing home sales in the United States have jumped, reaching a 6 1/2 year high last month. Home Sales grew to an annual rate of 5.48 million units in August, a 1.7% increase according to the National Association of Realtors. Lawrence Yun, NAR chief economist said,...
Single-Family Housing Starts And Permits Increase
Single-family housing construction picked up in August along with future construction permits. According to the Commerce Department, single-family housing starts jumped 7.0%, the highest level seen in 6 months, averaging an annual rate of 628,000 units. Construction...
Mortgage Applications Jump
New data shows that U.S. mortgage applications increased last week. Experts have suggested that seasonal factors may influence fluctuations in mortgage activity. Economists say that holidays, such as the most recent holiday, labor day, can play a role in decreased...