Blog
Housing Market Aids Economic Growth And Employment Rates
New research has found that the housing market is responsible for improving the economy and employment rates. New home building is responsible for 20% of GDP growth over the last six quarters and is expected to continue to grow as home sales increase and house-related...
Home Sales Increasing
According to JPMorgan Chase's new report, home prices may rise to 7.2% this year. With the market rolling into the summer season, analysts claim that prices are posting significant gains. Lower-tiered units have proven to show more growth in...
Solar Powered Home Sales Jump
Sales of new production homes with solar power systems have increased significantly. According to SunPower Corp., solar home sales are expected to continue to increase with more than 20% of new homes being solar powered by the end of 2013. Sales of new homes with...
Job Creation Soars to Highest Level In Five Years
Job creation has jumped to a score of 22, the highest score since April 2008 according to Gallup's U.S. Job Creation Index. American workers' reports showed strong gains as well, showing the best average in 5 years. Spring season is normally a time when job creation...
Spring Housing Market Proves Consistently Successful
According to Clear Capital, the spring home buying season shaped up to be very successful. Home prices grew 1.3% last quarter increasing to 8.2% annually. New statistics have confirmed that the housing market has gained momentum, although price trends remain mixed...
Mortgage Rates Expected To Slowly Increase
Mortgage rates have increased 0.5% since last fall and are expected to continue to rise as a reaction to the improving economy. According to Freddie Mac, the average 30-year fixed-rate loan has increased slightly over the last couple of weeks and averaged 3.81% early...
Housing Market Index Continues To Grow
According to the Home Price Index, the United States housing market had a strong first quarter in 2013, showing signs of growth the last 21 consecutive months. Additionally, home values have also increased approximately 7% from last year nationwide due to buyer demand...
Mortgage Rates Hit Highest Levels Since Mid-2012
According to the Mortgage Bankers Association, mortgage interest rates have increased to the highest levels seen in the past year and are expected to continue to increase as the economy grows. Although mortgage rates still remain low, 30-year fixed rate mortgages for...
Foreclosure Rates Remain Low
New data released from CoreLogic shows the number of foreclosed homes has remained unchanged from March to April. Both months had approximately the same amount of completed foreclosures, averaging around 52,000. Although foreclosures have not fallen continuously from...
New Home Sales Increase
New home sales jumped in April to the 2nd highest level since mid-2008. Meanwhile, the median price of new homes hit a record high, rising 8.3% from March 2012 and averaged around $271,600. Additionally, according to the Commerce Department, new home sales...