The Home Search Process is Moving Online
According to a new Profile of Home Buyers and Sellers, recently released by the National Association of REALTORS®, the Internet has become an essential and indispensable tool in the home search process.
Category: Market Reports
Bankrate: Mortgage Rates Move Down
The average 30-year fixed mortgage rate fell to 5.41 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.27 discount and origination points.
The average 15-year fixed and jumbo 30-year fixed mortgage rates dropped by equal amounts, to 4.74 percent and 6.34 percent, respectively. Adjustable rate mortgages were mixed, with the average 1-year ARM rising to 5.15 percent and the 5-year ARM inching lower to 4.94 percent.
Sep 03, 2009 | View Comments | View Post
Happy Friday – Strong Gain in Existing-Home Sales Maintains Uptrend
According to a post today by the National Association of Realtors (NAR), for the first time in five years, existing-home sales have increased for four months in a row; monthly increase is the largest in 23 years. Existing home sales rose 7.2 % to a seasonally adjusted annual rate of 5.24 million units in July [...]
Aug 21, 2009 | View Comments | View Post
Has Government Intervention Stalled Home Price Declines?
Interesting article in the Wall Street Journal about it. Read It Here
Aug 20, 2009 | View Comments | View Post
Almost half of homeowners with a mortgage could be underwater by 2011, says Deutsche Bank.
This CNN article is not good news for those of us in the real estate industry. In it Karen Weaver from Deutsche Bank estimates that home prices in the US will fall another 14% causing 48% of homeowners to be upside down on their mortgage. What?? I thought we were bottoming out? Anyone have any [...]
Aug 13, 2009 | View Comments | View Post
Expensive homes miss the recovery
In recent weeks, mortgage brokers, bankers, and even Fed Chairman Ben Bernanke have been talking about a housing rebound later this year. And the figures seem to back up their optimism: New home sales rose 11% in June for the third consecutive month.
Aug 10, 2009 | View Comments | View Post
