Browsing Posts In: National Real Estate News

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 truly afford is a big part of the […]

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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 Chairman Granger MacDonald. “However, builders need to be […]

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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 rate of 571,000 in July, down from 630,000 […]

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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 of Home Builders’ (NAHB) 55+ Housing Market Index […]

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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 Association (MBA). “A strong appetite for jumbo loans […]

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