by Jim Crowder | Aug 23, 2013 | HOUSING MARKET
U.S. mortgage rates increased to the highest level seen in two years as home sales pick up. According to Freddie Mac, the average 30-year fixed mortgage jumped to 4.58% while the average 15-year rate increased to 3.6%, the highest levels reported since mid-2011. Chief...
by Jim Crowder | Aug 22, 2013 | HOUSING MARKET
An increasing number of homeowners are able to make repairs or updates to their homes according to the surge in home improvement sales. Home improvement retailers posted large gains in the second quarter of 2013. Home Depot reported a profit of $1.8 billion, with a...
by Jim Crowder | Aug 21, 2013 | HOUSING MARKET
According to RealtyTrac’s recent report, over the last year the housing market went into recovery mode as foreclosures fell and home prices continued to increase. Approximately 75 large metropolitan areas reported over 100 on the housing recovery index which...
by Jim Crowder | Aug 20, 2013 | HOUSING MARKET
According to John Burns Real Estate Consulting, mortgage payments for median households passed historical averages in some major housing markets. As housing prices jump, affordability decreases. Though, affordability rates still remain higher than in years past. In...
by Jim Crowder | Aug 19, 2013 | HOUSING MARKET
Housing construction picked-up last month proving that the housing market is still actively growing. Home builders began working on apartments and homes in the U.S. at a seasonally adjusted rate of 896,000, increasing 6% from June according to the Commerce Department....
by Jim Crowder | Aug 16, 2013 | HOUSING MARKET
President Obama called for change during his State of the Union address saying that strict mortgage rules are keeping young first-time home buyers from buying a home. The President implored, “let’s streamline the process, and help our economy grow.”...
