by Jim Crowder | Nov 27, 2013 | HOUSING MARKET
Home prices spiked in September according to a survey showing that single family home prices in the United States experienced the largest annual gain in nearly eight years. Although home prices may scare off potential homebuyers, experts suggest that the housing...
by Jim Crowder | Nov 26, 2013 | HOUSING MARKET
Previously owned home contracts decreased in October to the surprise of many economists. October was the fifth consecutive month that contracts dropped while borrowing costs increased. According to the National Association of Realtors, pending home sales fell 0.6%...
by Jim Crowder | Nov 25, 2013 | HOUSING MARKET
According to research, approximately 8% of individuals age 62 and above have thought about the possibility of a reverse mortgage while only 2% secured the loan. The survey suggests that many homeowners have had trouble dealing with long-term debt after the...
by Jim Crowder | Nov 22, 2013 | HOUSING MARKET
Freddie Mac’s Primary Mortgage Market Survey states that mortgage rates fell this week after 2 weeks of sustained rates. According to the report, the average 30-year fixed-rate mortgage fell to 4.22%, down from last week’s average of 4.35%. The Vice...
by Jim Crowder | Nov 21, 2013 | HOUSING MARKET
Lowe’s, a home improvement retail store, reported a jump in earnings last quarter showing signs that the housing market is still making strides towards recovery. The report showed a 26% increase in earnings, and experts say the rise is due to new home...
by Jim Crowder | Nov 20, 2013 | HOUSING MARKET
According to Freddie Mac, the average 30-year fixed-rate loan has increased to 4.35%, up .19% from last week, and the highest level since mid-September. The average 15-year fixed-rate mortgage also jumped, averaging 3.35%, up .8% from the previous week. Additionally,...
