Homeownership Still A Better Deal Than Renting

Homeownership Still A Better Deal Than Renting

It’d be easy to get the impression that owning a home is more expensive than renting. After all, home prices have been increasing for years – and especially over the past year. But, according to a recent analysis from ATTOM Data Solutions, homeownership is still more affordable then renting. This held true in 58 percent […]

Americans Say It’s A Good Time To Sell

Americans Say It's A Good Time To Sell

The percentage of Americans who say it’s a good time to sell a house rose 26 percent year over year. The December Fannie Mae’s monthly Home Purchase Sentiment Index provide some illuminating results. A Good Time to Sell for Americans The survey was relatively flat from the month before. It asks Americans what they think […]

New Listings Bounce Back In Many Metros

New Listings Bounce Back In Many Metros

Shopping for a home to buy can be challenging in markets where there aren’t many homes for sale. For one, it’s more difficult to find an available house in the right neighborhood with the right features. Then, when you do find one, you often have to outbid other prospective buyers who also want it. But, […]

What’s Ahead For The Housing Market In 2022?

What's Ahead For The Housing Market In 2022

There’s a natural inclination at the beginning of the year to look forward. The new year offers us a fresh start and a great time to set goals. For a lot of us, one of those goals will be to buy a house. But what should we expect out of the housing market in 2022? […]

Homeownership Affordable On Average Wage

Homeownership Affordable On Average Wage

Buying a home has become less affordable over the past year. Home prices have surged as buyer demand outpaced the inventory of homes for sale. However, although homeownership is less affordable, it is still an affordable endeavor for the average American. Homeownership Still An Affordable Reality The fourth-quarter 2021 U.S. Home Affordability Report found that […]

Americans Look To Move Somewhere Less Expensive

Americans Look To Move Somewhere Less Expensive

If you’re like most Americans, your monthly mortgage payment will be among your biggest bills. That’s why it’s important for prospective home buyers to crunch the numbers before shopping for a house. Knowing how much you can comfortably afford will help you avoid buying a house that causes you financial stress. And these days, that’s […]

Home Prices Increase But At A Slower Pace

Home Prices Increase But At A Slower Pace

These days, housing market conditions are fairly easy to understand. There are fewer homes for sale and, because of that, home prices continue to increase. It’s simple supply and demand. When there are fewer homes for buyers to choose from, the ones that are available go for a higher price. But while that’s been the […]

Mortgage Rates Fall To Four-Week Low

Mortgage Rates Fall To Four-Week Low

According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell to a four-week low last week. Federal Housing Administration backed loans saw lower rates and 30-year fixed-rate mortgages with both conforming and jumbo balances. The decline helped push refinance activity up 2 percent from the week before. But while refinancing homeowners were […]

Homes For Sale Still Selling Quickly

Homes For Sale Still Selling Quickly

In November, the typical home for sale was on the market just 18 days, according to new numbers from the National Association of Realtors. That’s down from 21 days in November 2020 but unchanged from the month before. Overall, 83 percent of homes for sale sold quickly, in less than a month. The numbers are […]