Existing home sales bounce back 3% in February- Rebranded
Friday, April 20
Existing home sales rebounded in February after two months of declines, according to the National Association of Realtors.Total existing home sales, which are completed transactions that include single-family homes, townhomes, condominiums, and co-ops, increased 3% in February to a seasonally adj...
FHFA: Home prices jump in January- Rebranded
Friday, April 20
Home prices increased in January, moving even faster than the levels of increase seen at the end of 2017, according to the latest House Price Index from the Federal Housing Finance Agency.Home prices increased by 0.8% from December to January, the index showed. And December’s increase of 0.3% was...
Mortgage refinances further despite first rate drop-Rebranded
Friday, April 20
For the first time this year, mortgage rates dropped, but not enough to spur refinances — which took a sharp dive.Total mortgage application volume fell 1.1 percent last week from the previous week, according to the Mortgage Bankers Association.Refinances were behind the fall entirely. Volume fe...
Home buyers are not bothered by higher rates or taxes, but sellers are
Friday, April 20
A critical shortage of listings is the No. 1 obstacle, not rising mortgage rates or new tax laws that reduce certain homeowner deductions, especially in higher price ranges.Nationally, sales of homes priced above $750,000 were up nearly 19 percent from a year ago.New tax laws limit the mortgage ...
Rents are rising at the fastest pace in almost two years- Rebranded
Tuesday, April 03
The median rent in the United State rose 2.8 percent over the past year to $1,445, the fastest pace of appreciation since May 2016, according to Zillow.Potential buyers are having an increasingly difficult time finding a home they can afford, so they are renting longer.Rising mortgage rates only...
Remodeling returns: These home projects pay you back big- Rebranded
Tuesday, April 03
This year, the renovation offering the best return is a new garage door, according to a report from Remodeling Magazine.Second is manufactured stone veneer, returning 97 percent of its initial cost for resale. Front door replacement, especially steel, rounds out the top three.The least sexy upgr...