Browsing Posts In: National Real Estate News

November 28, 2017

A slight drop in mortgage loan rates is credited for an increased number of mortgage applications, after the number of applications had seen decreases over the prior month. The second week of October saw a 3.6 percent increase in total mortgage application volume, according to the Mortgage Bankers Association. Applications to refinance a home loan […]

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Sales Activity Increases According to Recent Reports

November 21, 2017

According to recent data reported by the National Association of REALTORS® (NAR), the number of existing-home sales increased by 0.7 percent for September after three months of decreases. Inventory limitations and recent hurricanes had an effect on housing sales activity, but the increase in sales is a good and welcomed sign. Sales activity for existing-homes, […]

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Should First Time Home Buyers Start Small?

November 14, 2017

The process of purchasing a home for the very first time can be very overwhelming with regard to finances especially. If you add a large mortgage to vast amount of paperwork and negotiations, there is a great deal to consider. Taking on such a significant financial responsibility and establishing just how much a buyer can […]

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Builder Confidence Increases For Single-Family Home Category

November 7, 2017

Builder confidence in the single-family housing market increased by four points to a level of 68 in October on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). It was the highest reading since May. “This month’s report shows that home builders are rebounding from the initial shock of the hurricanes,” says NAHB […]

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Home Builders Provide Inventory Shortage Relief

September 26, 2017

Sales of new United States homes decreased by 9.4 percent in July, representing the strongest one-month decreased in close to a year. But the decrease followed strong sales in previous months, and sales so far this year are outperforming last year’s. The Commerce Department said Wednesday that new-home sales fell to a seasonally adjusted annual […]

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Strong Demand in the 55 and Over Housing Sector

September 19, 2017

An estimated 10,000 baby boomers are retiring each day, which is inevitably having an impact on the real estate market. Builder focus in the single-family 55+ housing market has increased for the second quarter of 2017 with a reading of 66, an 11-point increase over the first quarter of 2017, according to the National Association […]

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Jumbo Home Loan Pricing Decreases

September 12, 2017

Reports indicate that the interest rate for jumbo loans, which includes loans greater than $421,100, dropped five basis points just recently, averaging 3.99 percent. That is now 13 basis points lower than the conforming rate, which is the largest spread between jumbo rates and the conforming rate since March 2016, according to the Mortgage Bankers […]

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Florida in High Demand for Foreign Homebuyers

August 22, 2017

United States home-buying by foreigners increased by a substantial 49 percent to $153 billion in the last year, which signifies a record high in the National Association of REALTORS® (NAR) Profile of International Activity in U.S. Residential Real Estate released for 2017. The increase resulted as activity from Canada soared to $19 billion, with buyers […]

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Increased Rate of New Home Construction

August 8, 2017

The rate of new home construction increased in June to the fastest pace in four consecutive months prior. Though increases were seen across the nation, the rise was led by substantial increases in the Northeast and Midwest. New home construction increased by 8.3 percent in June to a seasonally adjusted annual rate of 1.22 million, […]

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Suggestions to Ease Entry Into the Housing Market

July 25, 2017

Entering the housing market for the first time can be overwhelming and costly. It is very likely the largest purchase one has made and the process can be confusing. The most recent market report by Naples Area Board of REALTORS® (NABOR®), released June 16 with May figures, shows pending sales up 12 percent, closed sales […]

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