Don’t look now, but summer’s heat will soon slowly subside as the days become shorter and the air crisper. In fact, signs of fall are already beginning to appear in grocery store aisles (hello, pumpkin beer) and on the gridiron. Believe it or not, after a false start at the National Football League’s Hall of Fame game… Continue Reading NFL Training Camp: Home Prices Can Vary in “Home Away from Home”
At the national level, housing affordability is down from a year ago as home price growth distresses affordability. Inventory levels are low and are putting pressure on home prices despite another month of declining mortgage rates. Housing affordability declined from a year ago in June pushing the index from 154.8 to 153.3. The median sales… Continue Reading June 2016 Housing Affordability Index
Find out which states are paying the highest and lowest in closing costs on home purchases. Powered by WPeMatico
Home owners and appraisers have differing opinions when it comes to home values. Powered by WPeMatico
Fears over the mosquito-borne virus may now even affect property value assessments in some areas. Powered by WPeMatico
Total mortgage applications reversed course in the latest week, as volume picked up thanks to a dip in mortgage rates. Powered by WPeMatico
More homes are going gray. Here are some tips to picking the right shade. Powered by WPeMatico
WASHINGTON (August 10, 2016) — Home prices maintained their robust, upward trajectory in a vast majority of metro areas during the second quarter, causing affordability to slightly decline despite mortgage rates hovering at lows not seen in over three years, according to the latest quarterly report by the National Association of Realtors®. The report also… Continue Reading Home-Price Gains Unfettered in Most Metro Areas during Second Quarter
Lenders’ reluctance to share closing disclosures (CDs) with REALTORS® rose in the 2nd quarter of 2016 according to responses to NAR’s Survey of Mortgage Originators. Under the new Know Before You Owe or TRID rules, the HUD-1 closing form was replaced with the CD. In the past, REALTORS® frequently reviewed the HUD-1 for their clients… Continue Reading Closing Documents Remain Elusive, but Change Coming
$1,085,000. That was the eye-grabbing, milestone figure highlighted in today’s NAR research release of second quarter metro home prices. For the first time ever, a metro area – San Jose, California – had a median single-family home price above $1 million. For the rest of the country the theme of robust price growth continued. Single-family home… Continue Reading Recap: Metro Home Prices Continue Ascent in Second Quarter