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July 26th, 2017 by admin
It's always good to prepare before you set out to buy a house. But that's especially true in a tight market. If there are more buyers than homes for sale, there's naturally also going to be competition. And where there's competition, buyers need to be ready. So what can buyers do to make sure they don't lose the home of their dreams or blow up their budget? Well, the first thing is to set some boundaries. You'll need to have a firm idea of what you're willing to spend, so that you don't get in a bidding war and buy more house than you can... Read More



April 26th, 2017 by admin
 New estimates from the U.S. Census Bureau and the Department of Housing and Urban Development show new home sales at an 8-month high in March. Sales were 5.8 percent above February's rate and 15.6 percent higher than at the same time last year. The March results were the second best reading since 2008 and easily surpassed economists' expectations. That's encouraging news for the start of the spring season and could help boost the number of new homes that get built this year. And, at a time when inventory is low, that's important. As more new... Read More



January 26th, 2017 by admin
Mortgage rates moved solidly higher last week, but lenders saw no letup in loan demand. Mortgage application volume rose 4 percent from the previous week. The Mortgage Bankers Association included an adjustment for the Martin Luther King Day holiday. Volume continues to lag last year, however, by 18 percent, mostly due to the falloff in loan refinances since rates shot up after the presidential election. Refinance volume did move slightly higher again last week, up 0.2 percent seasonally adjusted. It had jumped sharply the previous... Read More



September 29th, 2016 by admin
According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates decreased last week across all loan categories, including 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate mortgages. Michael Fratantoni, MBA's chief economist, says the Fed's decision to leave rates unchanged led to the drop. “Treasury rates fell through the course of last week, as the Fed left their target rate unchanged, and concerns grew again about... Read More



September 27th, 2016 by admin
Sales of newly built, single-family homes fell in August after rising to the fastest sales pace in 9 years the month before. The data, released by the U.S. Census Bureau and the Department of Housing and Urban Development, shows new home sales down 7.6 percent month-over-month, though they remain nearly 21 percent higher than last year. But though the monthly decline may seem like a setback, there are a number of encouraging signs in the report for prospective home buyers. For starters, the number of new homes on the market rose nearly 2... Read More



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Some Tips On Buying In A Competitive Market

It’s always good to prepare before you set out to buy a house. But that’s especially true in a tight (…) Keep Reading…

New Homes Are in High Demand This Spring

 New estimates from the U.S. Census Bureau and the Department of Housing and Urban Development show new home sales at (…) Keep Reading…