First Time Home Buyers
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"Pending Home Sales"
Overall, buyers are being drawn into housing by low mortgage rates, affordable homes, and ample supply. If the August Pending Home Sales Index is foreshadowing the fall housing market, home prices appear slated to rise.
Continue Reading →For at least the next month or two, the single-driving factor to mortgage rates is whether things are absolutely worst-case or anything better. If the economy, housing, and everything else falls apart, mortgage rates are priced for that and will remain steady. An iota of recovery could mean many iotas of rate increases.
Continue Reading →Just one week after reports of Existing Home Sales and New Home Sales plunging, the housing market signaled that the next few months may fare better than did May and June.
Continue Reading →Today’s home buyers should consider making offer sooner rather than later. Looking at the data, it appears the best time to have found a “deal” on a home may have been in February.
Continue Reading →This was fully expected, but it is important to first time home buyers: Pending Home Sales spiked 8% higher versus January’s figures.
Continue Reading →The Pending Home Sales Index bounced back in December after November’s big drop.
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