by Jim Crowder | Mar 6, 2014 | HOUSING MARKET
According to a new survey released by the Mortgage Bankers Association, mortgage applications increased this week by 9.4%. The refinance index jumped 10% from the week prior, though rates are still 3% lower than two weeks ago. Refinances fell to 57.7% of applications;...
by Jim Crowder | Mar 5, 2014 | HOUSING MARKET
Trulia has released new data stating that owning a home may be a cheaper option in many metropolitan areas than renting. According to the report, homeowners who stay in their homes for seven years will save approximately 38% when compared to those who rent. Jed Kolko,...
by Jim Crowder | Mar 4, 2014 | HOUSING MARKET
According to the most recent report from Equifax National Consumer Credit Trends, the amount of outstanding balances on bank and retail-issued cards, and home finances jumped for the third month in a row. Home finances increased by $8.59 trillion; bank issued cards...
by Jim Crowder | Mar 3, 2014 | HOUSING MARKET
According to Freddie Mac’s multifamily report, rent and vacancy rates will experience measurable growth throughout 2014 and will reach long-run historical levels. The report forecasts that cap rates will stay below 7% over the coming year, and interest rates...
by Jim Crowder | Feb 28, 2014 | HOUSING MARKET
According to a recent study, housing market recovery will experience uneven growth over the next five years. Data suggests that, by the year 2018, median home prices for single-family homes will average close to the peak that was achieved in 2006. Experts expect...
by Jim Crowder | Feb 27, 2014 | HOUSING MARKET
Recent data shows that sales for Lowe’s, a popular home improvement store, have increased over the last year. The store reported a net income of $306 million, in the fourth quarter of 2013, increasing 6.3% from the prior year. Store earnings are affected by home...
