Real Estate News

Nov. 13, 2020

Third Quarter Home Prices Up Everywhere

The monthly mortgage payment on the typical single-family home is now $1,059, according to new third-quarter data from the National Association of Realtors. Up $27 from last year, the increase comes as the NAR's most recent quarterly price report shows home prices up in every measured metro area. In fact, …

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Nov. 11, 2020

Mortgage Rates Expected To Stay Low Through 2021

Favorable mortgage rates have helped the housing market handle affordability challenges, low inventory, and the coronavirus. With record low rates counteracting continuing price increases, demand from home buyers has stayed strong and the market has been resilient. And fortunately, according to a recent forecast from Freddie Mac, low rates aren't …

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Nov. 6, 2020

Number Of Showings Up 64% From Last Year

There is a lot of real estate data devoted to tracking buyer demand. Reports covering home sales, contract signings, and builder confidence are all, in one way or another, measuring how many interested buyers are in the market. These reports are worth following, especially for anyone thinking of buying or …

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Nov. 4, 2020

Typical Home Sale Generates $85,000

If you're a homeowner thinking about selling your house, you're in luck. Today's market is good for selling and, according to new numbers from ATTOM Data Solutions, it only got better during the third quarter of this year. In fact, the report found that the typical home sale generated a …

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Nov. 3, 2020

Mortgage Payments Have Become More Affordable

Home prices can be deceiving. After all, the sales price of a home isn't really the number that matters most to a prospective home buyer. The monthly mortgage payment is, and it depends on a number of different factors, including property tax, mortgage rates, the down payment, mortgage insurance, etc. …

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Oct. 30, 2020

Contracts To Buy Fall 2.2% In September

The National Association of Realtors' Pending Home Sales Index measures the number of contracts to buy homes signed each month. It's an important barometer of housing-market health because it can be a reliable indicator of future home sales numbers. In September, the index found pending sales down 2.2 percent from …

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Oct. 28, 2020

Why Aren't More Homeowners Ready To Sell?

In today's market, there are more home buyers than there are homes available for sale. In other words, it's a seller's market. But despite favorable conditions for sellers, the number of homes for sale is down 37 percent year-over-year. So why aren't more homeowners putting their homes up for sale? …

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Oct. 26, 2020

How To Buy In A Competitive Housing Market

These days, there are plenty of interested home buyers but fewer homes for sale. That means, home sellers have options and buyers have to be prepared. So what are some things buyers can do to ensure their success? Well, they should start by making sure their finances are in order. …

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Oct. 23, 2020

Homes For Sale Go Quickly In September

New numbers from the National Association of Realtors show just how quickly homes are selling these days. Their September existing-home sales report found that, not only were sales of previously owned homes up 20.9 percent over last year's pace, but 71 percent of homes sold during the month were on …

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Oct. 19, 2020

Buyers Push Housing Market Past 2019 Levels

It's not surprising that the coronavirus had many economists, analysts, and experts expecting the housing market to suffer in 2020. Social distancing, stay-at-home orders, and fear were all expected to slow sales and put the brakes on what was originally forecast to be a hot spring/summer market. But since buyers …

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