Real Estate News

New buyers want mortgages they can afford, says report

Published: 20 Jul 2017

Even if it's obvious, a new report shows the sheer importance of finding affordable mortgages, at least for those buyers who are searching for their first home. Chase Home Lending and Google collaborated on a report to assess what prospective buyers are looking for, at least based on their web searches. It outlined the major findings in a "Search for Home Snapshot," saying that, among other things, the number of results related to affordability went up by 34 percent year over year in 2016.


Mid July 2017 mortgage rates reach new high

Published: 18 Jul 2017

Freddie Mac's July release on mortgage rates shows some notable increase. The source said that the week of July 13 showed rate improvements for 15 and 30-year fixed rate, as well as 5-year adjustable rate mortgages for this period. Though all of these show some form of an uptick, the middle of these, for the 30-year FRM's, proved especially significant.


3 recurring barriers to millennial homeownership

Published: 17 Jul 2017

There likely isn't a single answer to why more people in the 18 to 34-year-old age range don't own homes. As this blog has mentioned several times, this demographic clearly is buying homes to some extent, but there are factors which seem to keep coming up as possible obstacles for those who want to make the financial jump to ownership, a challenging move for anyone, no matter the generation.


New ranking reveals top markets for summer homes

Published: 14 Jul 2017

The National Association of Realtors recently posted about the most active places for purchasing a summer home, according to a report from ATTOM Solutions. Using data for this summer, the source found the areas with the values that make them most desirable for potential buyers. On this list, Crossville, Tennessee, placed as the top vacation home market, with relatively low median sales prices for the year so far and an average summer temperature of 75 degrees Fahrenheit.


Fannie Mae economist foresees interest rate hike from Fed

Published: 11 Jul 2017

Predicting the Federal Reserve's next moves seems to be an understandable priority for some, especially given the recent rate increases and chances for more. One of the factors that can reportedly influence the Fed's decisions is the U.S. employment report and the related affect on the economy in general.


Low housing inventory defining current market

Published: 10 Jul 2017

The clash between apparent housing demand and supply seems to be a defining one for the current market. To understand the trends that may come, as well as the current predictions, it's increasingly important to consider the role low availability could play in how housing decisions manifest in the future.


Could easier mortgage buying methods offset risks?

Published: 05 Jul 2017

The mixed developments in the housing sector, and mortgages in particular, may add up to a complicated picture for buyers. While some aspects of buying may be simpler, the risk associated with purchases are also a factor to consider. At the same time, the average buyer could wonder if there are enough advantages to purchasing that could help reduce the problems of market risk.


Mortgage rates, applications go in opposite directions

Published: 30 Jun 2017

As evidence of the way different statistics in housing can follow their own paths, the last week in June saw divergent trends for mortgage rates and mortgage application volume. Both may depend on the overall context of their respective patterns for the full effect.


3 effects associated with new home buyers

Published: 30 Jun 2017

Every shift in housing demographics and age will likely come with a flurry of consequences for the market. To accurately see what this will mean for the newest generation of home buyers, especially the millennial-aged potential residents, it may be necessary to look at the trends that are still in formation and could possibly impact the housing market as a whole. The following trends may not be new but are reportedly very much in progress.


Freddie Mac: Mortgage rates basically still same on penultimate June week

Published: 30 Jun 2017

With the mortgage rate data for the week of June 22 up, Freddie Mac noted a very minor dip in 15 and 30-year fixed-rate mortgages, as well as 5/1 Adjustable Rate Mortgages. All of these saw the average rates drop by approximately .01 of a percentage point in the span of a week, pointing to an overall sense of stability. This result is also notable for the consistency of the slight decline over all three categories.


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