by Jim Crowder | Jul 23, 2013 | HOUSING MARKET
Over the last few months, home sales in the United States have soared to record high levels but have recently slowed. According to the National Association of Realtors, U.S. home sales decreased 1.2% averaging an annual rate of 5.08 million units. Although home...
by Jim Crowder | Jul 22, 2013 | HOUSING MARKET
According to a newly released report from RealtyTrac, investors who flip houses are making a comeback. House flipping occurs when investors purchase a home with the intention of re-selling the house for a higher price within a six-month time frame. The report showed...
by Jim Crowder | Jul 19, 2013 | HOUSING MARKET
Mortgage rates are lower this week with 30-year fixed rate mortgages decreasing to 4.37%, a 0.14% drop from the previous week. The 15-year fixed rate mortgage also dropped 0.12% from last week averaging 3.41%. Chairman Ben Bernanke said, “the Fed will continue...
by Jim Crowder | Jul 18, 2013 | HOUSING MARKET
New home starts in the United States increased year-over-year to 10.4% according to data released by the U.S. Census Bureau and the Department of Housing and Urban Development. In June 2013, housing starts dropped an estimated 9.9%. Experts have suggested that the...
by Jim Crowder | Jul 17, 2013 | HOUSING MARKET
A new study has found that passage of immigration reform would allow approximately 3 million new homeowners to be added to the housing market. According to the National Association of Hispanics Real Estate Professionals, it is expected that around 6 million...
by Jim Crowder | Jul 16, 2013 | HOUSING MARKET
The housing market is showing further signs of improvement according to the Obama Administration’s Housing Scorecard for June. Foreclosure starts and completions are decreasing drastically across the nation compared to last year. Home values and prices are...
