Existing Home Sales Mostly Flat In May

Existing home sales in the first quarter were 20% higher than the same period in 202o. However, sales of previously owned homes fell less than one percent in May, according to new numbers from the National Association of Realtors. The month-over-month decline, though slight, was the fourth consecutive monthly decrease for existing-home sales. Existing Home […]

Many Home Buyers Look To Move Somewhere New

People tend to choose where to live based on a few basic factors. Traditionally, we want to live somewhere close to our family, our friends, and our job. But with more Americans working remotely, one of those three factors has been eliminated and it’s led to an increase in prospective home buyers who are considering […]

Housing Market to Remain Stable

Housing market conditions have been pretty stable over the past few years. Inventory and mortgage rates have remained low while buyer demand and home prices have continued to increase. Even during a global pandemic, conditions remained remarkably steady. Stable Housing Market There are a number of reasons for this and the latest outlook from Fannie […]

Getting Approved for Mortgage Loans Got Easier In May

Before you can shop for a house to buy, you have to make sure you’ll be able to get a loan. After all, there’s no point in falling in love with a home only to discover it’s out of your price range – or worse, you aren’t able to get approved for a mortgage. That’s […]

Lenders Report Growing Demand From Buyers

Whatever challenges today’s housing market has, they haven’t deterred home buyers. Buyer demand spiked last summer and hasn’t let up since. In fact, a newly released survey of mortgage lenders found an increasing number of them say they’ve seen buyer demand growing over the past three months. Buyer Demand Growing Doug Duncan, Fannie Mae’s senior […]

Has The Second-Home Buying Boom Started To Cool?

Having a second home is a dream for a lot of people. Who doesn’t want somewhere beautiful they can escape to when they need a break or want to flee bad weather? But while we dream about it, owning a second home is expensive and, if you don’t have the ability to use it often […]

Today’s Home Buyers Are Buying Bigger Homes

There are plenty of reasons someone might be considering a move. But among the ones most commonly cited by prospective home buyers, a desire for more space always ranks near the top of the list. This was especially true last year, as the coronavirus kept us inside our homes more than we’d normally be. All […]

Profit Is Motivating More Homeowners To Sell

The things that motivate homeowners to sell stay pretty consistent through the years. Mostly, they’re personal. Whether it’s because they need a bigger house to accommodate a growing family or they want to move into a smaller, more manageable home because the kids have moved out and they no longer need the space, life usually […]

What Day Of The Week Should You List Your Home?

Selling a house comes with a long to-do list. You’ve got to get the house ready for showings, clear out the clutter, and fix any lingering maintenance issues you’ve been neglecting. You also have to think about the price you’d like to get for it and where you’re moving to, when, and how. In other […]

More Than Half Of Homes Sell Above List Price

In most cases, when you buy something, you don’t get to negotiate the price. If you’re buying a refrigerator, for example, you don’t make an offer. You pay whatever the store says it costs. Buying a house works a little bit differently. That’s because, the price a home lists for isn’t necessarily the price it […]