by Jim Crowder | Oct 31, 2013 | HOUSING MARKET
The housing market has been taking a lot of heat over the last few months as inventory decreased and mortgage rates increased, but many experts say the housing market is on the right track. Home prices jumped 12.8% in August according to Robert Shiller’s...
by Jim Crowder | Oct 30, 2013 | HOUSING MARKET
Monthly premiums for approximately 1 million homeowners living in flood zones have increased due to the new flood insurance plan many coastal states require their homeowners to have. According to the Federal Emergency Management Agency, Florida, Louisiana, New Jersey,...
by Jim Crowder | Oct 29, 2013 | HOUSING MARKET
Existing home sale contracts dropped considerably, falling to the lowest level seen in over three years. Mortgage rates have also continued to increase over the past months, though rates have recently leveled off. According to the National Association of...
by Jim Crowder | Oct 28, 2013 | HOUSING MARKET
As the reverse mortgage rules have changed, many older Americans are unsure of what the changes actually mean. The program was initially intended to help senior homeowners keep their homes by turning their mortgages into usable money, although the strategy seemed to...
by Jim Crowder | Oct 25, 2013 | HOUSING MARKET
Zillow’s Real Estate Market Report showed that home prices have jumped approximately 6% year-over-year. The Home Value Index increased to $163,000 by the end of last quarter, a 6.4% growth from 2012. Although home prices and mortgage rates have grown...
by Jim Crowder | Oct 24, 2013 | HOUSING MARKET
According to the Mortgage Bankers Association, mortgage applications grew last week, increasing 0.6% while refinancing activity fell 1%, averaging 65% of applications. Data also shows that home purchasing is increasing, averaging an increase of 1%. Although mortgage...
