Housing Inventory Reaches 18-Year Low The number of active listings dropped again last month to the lowest level since 1999, according to the National Association of Realtors. Only 1.65 million homes are available for sale, which equates to roughly 3.6 months of inventory nationwide. This figure is downward from the 3.9 months of inventory reported in December… Read more »
7 Mortgage Myths Debunked It is no secret that the home buying process is a long and complicated one. Getting started can be intimidating and confusing, so we’ve compiled a list of common mortgage myths we hear from our clients. Here, we’ll break them down and explain the truth about mortgages, in plain English. 1.… Read more »
As home prices across the country continue to rise, the Federal Housing Finance Agency (FHFA) and the Federal Housing Administration (FHA) have announced increases in conforming loan limits for 2017. For the first time since 2006, the FHFA has increased the maximum loan limit for conventional loans through Fannie Mae and Freddie Mac from $417,000… Read more »
5 Reasons to Buy a Home in the Winter Baby, its cold outside—and its only going to get colder. Before you put your home search on hold for the next four months, check out these benefits of buying a home in the winter! 1. Less Competition During the winter months, there are less buyers shopping, and… Read more »
Major economic growth has happened within the last few years. This growth has allowed the housing market to build back up from the Great Recession – bringing home prices up as much as 13% in the past year! This has help to aid many underwater homeowners to the surface – that is, if they have… Read more »
Home Sales are Fast and Furious in the calendar month of June, homes sales totaled more than 5 million, According to the National Association of REALTORS® on a seasonally-adjusted, annualized basis and shows no signs of slowing. More than half of homes that were listed through the MLS system were sold within 30 days or roughly… Read more »
Some more great news has just been released in regards to the housing market. No longer are the days of dark clouds looming overhead. We now have a clear-cut indication that things are improving (all be it slowly, but still improving). Overall home values are expected to begin rising as early as the end of… Read more »
2012 began with quite a bang in the housing market but it was far from a good thing for current homeowners. It was reported back in January that overall home values were down for the fifth straight month. Which brought home values down to their lowest point in about ten straight years. The average home… Read more »
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