Million Dollar Home Searches Are Increasing
There are many ways to measure housing market activity. You can look at it geographically and compare how one region’s homes are selling compared to another’s. Or you can look at it historically and compare today’s numbers to the past. You can also look at it based on price range. Is the high end of […]
Share Of Equity Rich Properties Hits 30%
A property is equity rich when its value is more than double the amount of the loans used to purchase it. In other words, if you owe $90,000 on a home worth $200,000, you’re equity rich. It’s a good position to be in as a homeowner, especially if you’re considering selling in the near future. […]
Americans Say Now Is A Good Time To Sell Houses
Each month, Fannie Mae conducts a Home Purchase Sentiment Index survey. The survey attempts to gauge Americans’ feelings about the housing market and their personal financial situation. The survey asks participants for their opinion on mortgage rates, home prices, their income, job security, and whether they think now is a good or bad time to […]
Hot Market Means Competition For Available Homes
Spring is typically the season when the housing market heats up. And, while it’s still more than a month away, prospective buyers hoping to start their home search in the coming weeks should be prepared. The winter market hasn’t ever really cooled down. However, it’s a good sign that it’ll be a fast-moving and competitive […]
Are The Suburbs Really More Affordable Than Cities?
A lot has been written about how the coronavirus and remote work have led home buyers to flee urban centers and head to the suburbs. The idea that Americans – who can work from home and no longer have to worry about their commute – are leaving expensive city centers and moving to more affordable […]
Low Winter Inventory Means Faster Sales
When there are fewer homes for sale, the homes that are available sell quickly. That’s no surprise. It’s common sense. And, since inventory has been low for quite a while now, the challenges of rising prices, intense competition, and bidding wars are familiar to anyone who has recently looked for a home to buy. But […]
Housing Market Sees Biggest Growth in 15 Years
Last year was an unusual year for the housing market. Expectations of a busy spring sales season were dashed when the coronavirus took hold and mitigation efforts caused interested buyers to delay their plans. But what looked like it may have been a lost year turned into something entirely different when looking at the numbers. […]
Home Sales Hit 14-Year High In 2020
The number of previously owned home sold last year was the most in any year since 2006, according to a new report from the National Association of Realtors. Sales of existing homes reached 5.64 million in 2020, a 5.6 percent increase over the year before. Most Home Sales In 14 Years Lawrence Yun, NAR’s chief […]
Latest Price Data Shows Home Values On The Rise
The S&P Case-Shiller Home Price Indices have been considered among the leading measures of US home prices for decades. According to their most recent release, prices are still rising, continuing a streak that dates back to last summer. In fact, the data – which covers home values through the end of November – shows increases […]
Is It Time To Check Your Credit Score?
Your credit score is the kind of thing that’s easy to forget about until you need it. It doesn’t seem to matter much, until it could mean getting approved for a loan and being denied. Fortunately, if you check your score and do what you can to improve it, you can avoid this predicament. You […]
