Blog
U.S. Trade Gap Falls
Spring of 2013 showed positive results for the growth of the economy. According to the Commerce Department, the U.S. trade gap decreased more than 22%, the lowest level seen since October of 2009. American exports jumped 2.2%, averaging a record high of $191.2...
Boomerang Buyers Double From 2012
An increasing number of Americans who lost their homes during the recession are making great strides and becoming homeowners once again. According to national housing industry research firm, John Burns, approximately one in ten home buyers in 2013 have experienced...
Mortgage Rates Increase
Mortgage rates jumped this week from last week's decrease. Though rates have increased, they are still considered low compared to past records. The average 30-year loan jumped 0.08% this week while the average 15-year fixed loan rose 0.04% from last week...
Housing Market Growing Faster Than Economy
Home prices have soared across the 20 major cities in the United States. In May 2013, home sales jumped 12.2% from May 2012, the largest annual gain since March 2006. Many economists say the housing market is showing great signs of growth, but that does not...
Housing Market Continues To Grow In Many Locations
U.S. home prices continue to increase, causing potential buyers to seriously consider buying before prices reach levels above their budget. The Case-Shiller index last month showed that in May 2012 home prices grew 12.1% over the past year. In many metropolitan...
Foreclosures Fall Drastically From 2012
The average number of foreclosures in the U.S. fell last month by approximately 20% year-over year according to CoreLogic. Last year, around 68,000 homeowners completed the process while this year only 55,000 completed the process. Experts have said that while...
Reverse Mortgage Rules May Tighten
Experts are suggesting that many older Americans should consider their home's value as a way to help their finances during retirement years. Reverse mortgages are expected to become a vital part of many financial retirement plans over the coming years, though past and...
Mortgage Rates Stabilize
Mortgage rates have stabilized after many months of continuous growth, according to Freddie Mac. The average 30-year fixed rate loan fell .06% last week. Experts say that even as the housing market in general begins to stabilize and slightly drop, rates are still much...
First-Time Home Buyers Vital To Housing Market
First-time home buyers have helped improve the housing market, representing around 40% of sales over the last 30 years, according to the National Association of Realtors. Experts believe that first-time home builders are the stepping stones to a full housing recovery....
Mortgage Activity Falls Slightly
Mortgage activity continues to slow slightly, falling for the sixth consecutive week. According to the Mortgage Bankers Association, mortgage activity dropped 1.2% last week while interest rates also fell. The average 30-year, fixed rate conforming loans fell around...