Real Estate News

Mortgage rates continue to hover near 2017 lows

Published: 24 Aug 2017

Experts repeatedly warned consumers that mortgage rates were supposed to rise slowly but surely over the course of 2017, to levels not seen in the housing market in some time. After all, rates in the 3 percent range were an historical anomaly, and were never going to last forever. However, even after a spike in rates seen in late 2016 and into the first few months of the new year, rates have continued to sink back toward lower levels.


Millennials eager to buy, but boomers aren't eager to sell

Published: 22 Aug 2017

Over the past few years, one of the biggest issues housing market experts have cited when it comes to relatively slow sales numbers has been the lack of millennial participation in the homebuying process. However, that has begun to change more recently, with young adults exhibiting massive demand for homes but not actually being able to buy them.


Mortgages continue to get easier to obtain

Published: 17 Aug 2017

The improving economy has put a lot of would-be homebuyers in a position to get into the market over the past few years, and today's extreme demand for listed homes highlights that effectively. However, it's worth noting that lenders haven't loosened their standards as much as some might expect given the economic recovery over the past few years, and there are plenty of reasons why that might be the case.


Title insurance: What does it cost?

Published: 17 Aug 2017

Title insurance is one of those things many would-be homeowners will hear about at some point in the homebuying process but not necessarily know what it means or, perhaps more importantly, how much it will cost. However, like many types of insurance, it's often a type of coverage that homeowners - and even lenders - can benefit from significantly in case improbable, unfortunate situations arise as it relates to the titles on their properties.


Are conditions easing for first-time buyers?

Published: 09 Aug 2017

For years, many young adults have been held on the sidelines of the housing market thanks to stringent lender requirements and, often, personal financial obstacles that were difficult to overcome. However, those conditions are starting to ease, as lenders are now more accepting of a broader range of would-be borrowers, and the improving economy is putting more people in a position to buy, even as other forces may act as deterrents.


Buyer uncertainty holds sway as mortgage rates hold steady

Published: 07 Aug 2017

It might come as a surprise to many would-be buyers currently sitting on the sidelines of today's housing market, but the savings opportunities available to them now are probably among the best they can expect to encounter for some time to come. However, it is perhaps also understandable why any potential shopper might be a little hesitant to get into the market given the conditions they've faced in recent months.


Mortgage risk is on the rise, but experts say that's O.K.

Published: 03 Aug 2017

Over the past year, lenders have slowly but surely loosened the restrictions on purchase mortgage restrictions, which they've held historically tight for about a decade. This comes both as the economy continues to recover (leading to higher pay and lower unemployment) and mortgage rates rise, making buyers a much greater force in the mortgage market than current owners looking to refinance. And with more buyers necessarily comes greater risk, but the general consensus is that risk has been so low for so long that this is just the market getting back to normal.


Puppies over parenting: First-timers want dog-friendly homes

Published: 31 Jul 2017

Many pair first-time homebuying with family planning, and recent data showed the first addition to the house could be a dog bed instead of a cradle. According to a Harris Poll on behalf of SunTrust Mortgage, 33 percent of millennials purchasing first homes want better space or a yard for their dogs to run around. That share trumped marriage (25 percent) and the birth of a child (19 percent).


Existing-home sales temper from May to June but show yearly gain

Published: 28 Jul 2017

Between May and June 2017, sales of existing single-family homes, condominiums and townhomes declined 1.8 percent, according to the National Association of Realtors. This decrease manifested as a seasonally adjusted sale rate of 5.52 million units in June, compared to May's 5.62 million units.


Financial satisfaction highest in a decade

Published: 28 Jul 2017

Americans may be in the mood for homebuying and other large purchases. According to the latest personal financial satisfaction index from the American Institute of Certified Professional Accountants, the figure hit a 10-year high for the second quarter of 2017. In particular, the index reached 24.1 points, representing a 7.6-point jump quarter over quarter.


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