Mortgage Updates
Surging SalesJanuary saw single-family home purchases rise 4.3% above December's numbers. Experts view this impressive growth within the housing market as a sign of an improving economy on the near horizon. Home sales remain robust despite rates on 30-year fixed...
Market Updates
Mortgage Market UpdateMortgage Rates ClimbRates climbed to 2.81%, their highest point since November. Historic low mortgage rates contributed to a frenzy of home-buying and refinancing, but the coming months could see a steady rise back above 3%. Some observers worry...
Market Updates
Sellers Feeling More OptimisticConsumer sentiment for home-selling is on the rise, according to the Fannie Mae Home Purchase Sentiment Index. The percentage of respondents who say it is a good time to sell a home increased from 50% to 57%, while the percentage who say...
Market Updates
Housing Market Shortage PersistsOverall housing inventory plummeted 43% in January compared to the same month in 2020. New listings were also down by 23% year over year. The home shortage increased U.S. median home prices by 15.4%, up to a national average of...
Market Updates
Double-Digit Growth for Residential Construction Investment in the residential construction market has risen more sharply than previously anticipated, according to a report published on Feb. 9. The residential construction market has outperformed the broader economy...
Market Updates
2021 Housing Market TrendsThe pandemic continues to shape the housing market and consumer preferences. In many cities across the nation, inventory shortages persist as buyers look for homes that accommodate remote work and their desire to take advantage of low...
Market Updates
Today's Housing Market News:Where People Are (And Aren't) RelocatingMoving within the next year is on the minds of about half of Americans. The majority of potential homebuyers are planning to stay in the state where they currently reside. Generally speaking, states...
Market Updates
Mortgage Market UpdateLowest Ever Inventory Faces Exploding DemandIn December, the number of homes for sale sank to an all-time low, dipping below 700,000 for the first time ever. With demand remaining high, homebuyers can expect a bidding war and that they may have...
Market Updates
Housing Market UpdateLast Year's Hottest Home UpgradesDesigners and contractors had a busy 2020 helping homeowners update their homes. Many closets received a full makeover, creating better organization with custom storage and shelving units. Thanks to COVID, mudrooms...
Market Updates
Mortgage Market UpdateHomeowners Building More EquityGood news for homeowners - property appreciation has surged to its highest level since 2014, enabling you to build more wealth. As of the third quarter of 2020, the average homeowner gained about $17,000 in equity...
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