Real Estate News

Jan. 4, 2021

Booming Luxury Home Market Outpaces The Rest

Luxury isn't easy to define. The dictionary says it's “the state of great comfort and extravagant living.” But since that leaves a lot to interpretation, we all have different ideas about what luxury really means. This is easy to see when thinking about the housing market. After all, a luxury …

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Dec. 30, 2020

Latest Index Finds Home Prices On The Rise

The S&P Case-Shiller Home Price Indices isn't the only index tracking home-price activity, but it's among the most closely followed. And, according to their most recent release, prices are rising. In fact, they were up 8.4 percent year-over-year at the end of October. Craig J. Lazzara, managing director and global …

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Dec. 29, 2020

Mortgage Rates End Year At Record Lows

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates were relatively unmoved last week from the week before. Rates for 30-year fixed-rate mortgages with conforming loan balances were flat from one week earlier, while jumbo loans, loans backed by the FHA, and 15-year fixed-rate mortgages all saw …

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Dec. 14, 2020

How Much Is The Median Down Payment Now?

In the minds of home buyers, there are two big numbers to consider. One is the monthly mortgage payment. Calculating what a particular house will cost you each month is an important determiner of whether or not you can really afford it. But you can't calculate your prospective monthly mortgage …

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Dec. 11, 2020

Commute To Work Falls From Top Buyer Concerns

In the past, shopping for a house to buy involved calculating how difficult your commute to work would be. Whether it was measuring the distance to public transportation, the nearest highway, or timing the total drive, home buyers had to consider their daily routine before making an offer. Then, COVID …

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Dec. 9, 2020

Number Of Showings Per Listing Remains High

Typically, this is the time of year when buyers put a pause on house hunting and wait until spring. However, this year is different. Evidence continues to show that the housing market is defying seasonal trends as we head into winter. For example, according to one recent analysis, buyer demand …

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Dec. 7, 2020

Half Of Americans Say They're Ready To Move

The idea of packing up your things and moving somewhere new can be exciting – especially if your current living situation isn't ideal. So it's not surprising that a recent survey found nearly half of Americans say they're considering a move in the next year. According to the results, 46 …

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Nov. 25, 2020

Home Price Spike Biggest Since 2014

The S&P Case-Shiller Home Price Indices are among the most closely followed measures of US home values. According to their most recent release, their National Home Price Index showed a 7 percent year-over-year gain in September. It was the biggest increase in six years and a significant spike from the …

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Nov. 18, 2020

Mortgage Credit More Available In October

The Mortgage Bankers Association's Mortgage Credit Availability Index measures how easy or difficult it is for borrowers to secure financing. If the index increases, that means lending standards have loosened and borrowers should expect to have an easier time qualifying for a loan. When it tightens, the opposite is true. …

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Nov. 16, 2020

Majority Of Buyers Face Bidding Wars In October

There are different types of competition. Some are more enjoyable than others. Competition on a golf course, for example, can be fun, while in the housing market, competition can cause buyers and their budgets stress. That's why a new report detailing how many homes for sale received multiple offers in …

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