NAHB: Rising Demand for Homes Boosts Builder Confidence

2020-11-18T13:40:10-05:00Real Estate|

Builder confidence in housing market conditions reached a new record high in November according to the National Association of Home Builders. November's index reading of 90 was five points higher than in October. Index readings over 50 indicate positive builder sentiment toward market conditions. Readings for the Housing Market Index fell below 50 in April and May as the COVID-19 pandemic grew.

Case-Shiller: February Home Prices Gained Before Coronavirus Outbreak

2020-04-30T12:40:48-04:00Market Outlook|

Home prices continued to grow in February according to the Case-Shiller Home Price Indices. National home prices grew at a seasonally-adjusted annual pace of 4.20 percent as compared to national home price growth of 3.90 percent in January. Case-Shiller's 20-City Home Price Index showed higher home price growth rates in February with average annual home price growth of 3.50 percent. January home prices grew by 3.10 percent for cities included in the 20-City Index.

The Narrowing Gap Between Renting And Buying A Home In The US

2020-04-17T12:40:16-04:00Real Estate|

According to data compiled by in the fourth quarter of 2019, it is still more affordable overall to rent versus buy a home -- but just barely. The median monthly mortgage payment at the end of 2019 was $1,600, while the median monthly rent payment was $1,319. This is largely due to steadily-increasing rates, rising home prices, and near-record-low mortgage rates.

Coronavirus (COVID-19) Concerns Lead To Drop In Mortgage Rates


The issues surrounding the Coronavirus (COVID-19) epidemic have impacted the entire world. This includes the stock market right here at home. The stock market has plummeted and so, too, have mortgage rates. While the Coronavirus (COVID-19) gives everyone cause for concern, real estate agents are saying that now is the right time to buy a house.

NAHB: Home Builder Confidence Near 1999 High

2020-02-20T13:40:17-05:00Market Outlook|

The National Association of Home Builders reported a housing market index reading of 74 in February; the index reading was one point lower than for January and was only two points below the highest reading of 76 reported in December. Readings over 50 indicate that most builders consider housing market conditions to be positive.

Case-Shiller Reports Growth In Home Prices In November

2020-01-29T13:40:10-05:00Market Outlook|

Case-Shiller Home Price Indices reported that national growth of home prices rose by 0.30 percent in November. Analysts said that slim inventories of available homes boosted home prices. Whether or not home price growth continues gaining speed depends on variables including supplies of homes for sale, affordability and home-buyer confidence in the economy.

10 US Cities With Highest Mortgage Denial Rates


For many, owning property is seen as a rite of passage. At the same time, for most people, accomplishing this dream is largely dependent on the approval of a mortgage. For this reason, it is important for people to think carefully when deciding who to ask for a mortgage. Some cities have a higher mortgage approval rate than others.

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