First Time Home Buyers
Currently viewing the tag: "Home Supply"
We may not be getting a wild and crazy skyrocketing housing market, but it looks like we’re getting the beginnings of a healthier, more sustainable housing market. If you’re looking at buying a home in 2011, please don’t wait until the snow melts. If the market keeps improving like this, your home affordability will worsen.
Continue Reading →Why buy? Over the life of the loan, a 4.5% mortgage rate costs $43,000 than a 5% mortgage rate on a $400,000 loan.
Continue Reading →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 →Home buyers today have timed it right.
Yesterday’s post addressed the fact that home loan approvals are getting easier. (Full Article: Home Loan Approvals Getting Easier ) Mortgage rates are at their lowest levels in history. Home prices, while recovering, still sit well below their April 2007 highs.
Continue Reading →The Existing Home Sales report shows a slight drop in May. It was the first drop after a three-month run up, but it is still the the second highest figure since November 2009.
Continue Reading →April revealed another good month of home sales, in part fueled by the first time home buyer tax credit expiration and continued low, low mortgage rates.
Continue Reading →Home prices are based on housing’s supply and demand. For the next few months, supply should elevate, helping prices remain suppressed, after which, supply should dwindle. The best time to buy a home, therefore, may be right this very minute.
Continue Reading →As expected, Existing Home Sales jumped last month as March revealed 7% more closings versus February.
The year over year figure shows that sales volume was up over 16%.
“Existing home sale” includes those homes that have previously been inhabited. The opposite is a “new [...]
Continue Reading →Housing Starts jumped last month.
Continue Reading →We’ve been talking about this for months now and the data is growing to support the theories from earlier this fall.
Data:
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