Mortgage rates near all-time low

Mortgage rates near all-time low

Mortgage rates have seen a steep decline over the past year, giving house hunters more buying power and homeowners the opportunity to refinance in to a more comfortable monthly payment. And according to a new report from Housing Wire, the drop in rates may not be over yet. Rising concerns over the...

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Mortgages before marriages

Mortgages before marriages

According to a new data published by the National Association of Realtors, the number of first-time home buyers who are unmarried is increasing. A poll conducted by American Housing Surveys shows that 35 percent of first-time buyers in 2017 had never been married. This is up from 23 percent in 1997....

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Home sales dragged down by limited inventory

Home sales dragged down by limited inventory

The rate of sales of previously owned homes in the U.S. is slowing down as a shrinking number of homes on the market limits buyers’ choices. According to the National Association of Realtors, existing home sales declined by 1.3 percent from December to January. “Home sales are just moving sideways...

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Housing inventory levels shrink to 8-year low

Housing inventory levels shrink to 8-year low

The supply of homes for sale on the market is proving to be quite a challenge to home buyers who are facing rising prices and more competition. According to a report from Realtor.com, there are fewer homes available on the market now than there have been since 2012. Nationwide, housing inventory h...

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New bill in House could allow VA loans on co-ops

New bill in House could allow VA loans on co-ops

A proposed bill in the U.S. House of Representatives would extend cooperatively owned units (co-ops) to those utilizing the benefits of a VA loan. The bill, called the Fair Access to Co-Ops for Veterans Act, would make permanent a five-year pilot program that ended in 2011. In heavy rural areas li...

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Foreclosure filings see slight uptick in January

Foreclosure filings see slight uptick in January

A new report shows that the volume of foreclosures in the U.S. increased slightly last month, up from a record low seen late last year. ATTOM Data Solutions reported last week that default notices, scheduled auctions and bank repossessions increased 13 percent from December 2019 and 7 percent from a...

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Construction permits for new homes rises to 12-year high

Construction permits for new homes rises to 12-year high

The volume of permits for new home construction climbed to its highest level since June 2007 as of last month. This is a sign that builders are shifting into high gear ahead of the expected high-demand summer home buying season. This latest information comes from the Commerce Department and The Nati...

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Home builder confidence remains near 20-year high

Home builder confidence remains near 20-year high

Strong home sales during the winter months and continually low mortgage rates have helped home builders maintain their confidence in the future of the housing market. According to the February Housing Market Index from The National Association of Home Builders and Wells Fargo, the latest sentiment r...

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House-hunters must-have lists vary by state

House-hunters must-have lists vary by state

Deal breakers for those looking for a new home can vary from family to family but a new study conducted by Realtor.com shows that there are obvious trends that can be observed based on region. While things like plentiful storage space, large backyards and location are fairly universal desires, speci...

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U.S. home-sale prices on the rise

U.S. home-sale prices on the rise

The prices homebuyers in the U.S. are paying to buy a home has risen for the last six consecutive months according to a new report. Sale-prices climbed 6.7 percent in January on a yearly basis in 217 of the major metropolitan markets tracked by online real estate site Redfin. The most affordable mar...

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