Recent housing indicators reveal signs of health in the housing market in July, according to Realtor.com’s ‘Advance Read of July Trends,' which draws on residential inventory and demand trends over the first three weeks of the month.
Read More »Buying Demand & Affordability Move Home Prices Up by 6.5 Percent in June
Home prices are edging up once again thanks to pent up buyer demand, affordability, consumer confidence, and an improving labor market.
Read More »North Dakota Leads Healthiest Economic Markets in U.S.
North Dakota has been deemed the best location and top performer in terms of economic health, according to Lumesis, Inc. DIVER Geo score results for July 2015.
Read More »Mortgages Most Common Liability Among American Debt
A recent report the PEW Charitable Trusts found that housing debt is the largest liability for most households, with other debt remaining higher than 1990's levels.
Read More »Residential Construction Spending Rises in June
Construction spending has increased for six consecutive months this year and amounted to $482.7 billion during this time period.
Read More »Mortgage-Closing Costs Fall 7 Percent Year-Over-Year
Closing costs on a mortgage loan have lowered over the past year, making purchasing a home less costly. According to Bankrate.com research, mortgage closing costs dropped 7 percent over the past year.
Read More »Report Finds Mortgage Holders Have Highest Non-Mortgage Debt in Ten Years
U.S. mortgage holders possess the highest levels of non-mortgage related debt in over ten years, according to Black Knight Financial Services' June 2015 Mortgage Monitor report.
Read More »Index Reveals Mid-Tier Home Price Points Well Below 2006 Peak
Although the housing market appears to be 'normalizing' for the first half of 2015, middle tier home price appreciation is still lagging far behind its 2006 peak level, according to Clear Capital's Home Data Index Market Report with data through July 2015.
Read More »Home Inventory Down for Fifth Straight Month, Market Even More Competitive
Low inventory in the housing market has increased competition among home shoppers. According to the first quarter Zillow Real Estate Market Report, there were fewer homes for sale in June than one year ago and much of the decline came from the lowest-valued homes sought by first-time homebuyers.
Read More »Index Shows Interest Rates & Home Prices Increased in June
Interest rates on conventional purchase-money mortgages and home loan amounts increased from May to June, according to Federal Housing Finance Agency indices of new mortgage contracts.
Read More »