Home sales on an upswing

Home sales on an upswing

Home sales in the U.S. climbed last month according to new data, marking the fourth consecutive month of the past six to increase on a year-over-year basis. According to information from the RE/Max National Housing Report, sales rose 3.9 percent in October. “October continued a recent win streak fo...

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San Diego home market continues to favor sellers

San Diego home market continues to favor sellers

The housing market in San Diego is maintaining its long-held position as a sellers' market. According to Zillow, nearly one in five homes for sale in San Diego saw a price cut in September. This is down from nearly one in four during the same month last year. It appeared the San Diego was in for a...

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San Diegans spend more than most on home furnishings

San Diegans spend more than most on home furnishings

In a survey of 1,850 Americans by home improvement resource Improvenet, just over half of consumers say their home is only partly decorated to their satisfaction. Many homeowners say that they envision how they will decorate or furnish their home when house hunting, but those dreams fall by the ways...

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Home builder confidence remains near high mark

Home builder confidence remains near high mark

Despite a small dip in November’s reading, homebuilder confidence is currently at its second highest level of 2019 and 10 points higher than it was last year. The National Association of Home Builders and Wells Fargo’s Housing Market Index fell 1 point this month to a reading of 70. The nation’s low...

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Californians relocating to Nevada at record pace

Californians relocating to Nevada at record pace

There are currently more adults in Nevada that were born in California than were born in Nevada. That’s according to Robert Lang, executive director of Brookings Mountain West at the University of Las Vegas. Over 50,000 Californians relocated to Nevada between July 2017 and July 2018. This is the se...

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Mortgage debt mounting for U.S. homeowners

Mortgage debt mounting for U.S. homeowners

Americans are forced to fork over more money to buy homes, resulting in mortgage balances reaching a record high. Mortgage debt increased to $9.44 trillion during Q3 2019. The New York Federal Reserve reported in its Quarterly Report on Household Debt and Credit that mortgage balances rose by $31 bi...

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Report: 2020 new home sales expected to reach 13-year high

Report: 2020 new home sales expected to reach 13-year high

Purchases of new homes will rise to their highest level since 2007 according to a forecast made by the National Association of Realtors’ Chief Economist, Lawrence Yun. Specifically, he anticipates a 11 percent increase to 750,000 units. “Some loosening in inventory will happen in 2020, and so we exp...

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Home buyers feeling better but still uneasy about housing market

Home buyers feeling better but still uneasy about housing market

The share of potential home buyers who believe that finding the perfect home will get easier in the months ahead has increased from 19 percent to 21 percent, according to a new report. The National Association of Home Builder’s Housing Trends Report for the third quarter of 2019 shows that the numbe...

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FHA’s reverse mortgage portfolio shows improvement

FHA’s reverse mortgage portfolio shows improvement

The Federal Housing Administration’s Mutual Mortgage Insurance Fund, the portion of the FHA that handles reverse mortgages, saw a nine-digit increase in value over the past year. Although the capital ratio of the overall portfolio remains negative, the $7.7 billion increase since 2018 marks a 50 per...

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Homebuyers turning to relatives for down payment help

Homebuyers turning to relatives for down payment help

With rising home prices showing no signs of slowing down, more homebuyers are asking family members for help to come up with a down payment. According to the National Association of Realtors’ 2019 Profile of Home Buyers and Sellers, 30 percent of first-time buyers used down payment help from family...

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