Tag Archives: Home Buyer

Rising Mortgage Rates, Home Prices a Lethal Brew

Still, rising rates could not come at a worse time for the housing recovery. Home prices rose over ten percent in March, according to the latest surveys from SP/Case-Shiller. Every one percentage point rise in mortgage rates reduces the average … Continue reading

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Record High New Home Prices Have Room to Grow

Supplies of new and existing homes are at levels not seen since the frenzy of the last housing boom. The phenomenon is national and not just relegated to the former boom markets. April listings were down 41 percent from a … Continue reading

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Housing Recovery to Face Test as Builders Report

Lack of land, labor and credit are all standing in the way of increasing home buyer demand, and leaving many of the small and mid-sized builders frustrated as their costs soar. They simply don’t have the access to cash that … Continue reading

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Election and Housing: Is Your Home’s Value Better Off?

Are we better off today than we were four years ago? That is the constant question on the eve of yet another tight presidential race. From the perspective of home prices, the answer is, as always, it depends on where … Continue reading

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Home Builders Need Mortgage Bankers to Keep Recovery Alive

A jump in signed contracts to buy newly built homes in September brought volumes to the highest level since April of 2010, when the home buyer tax credit temporarily infused the housing market. The median price of a newly built … Continue reading

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Home Sales on Track to Hit 5-Year High

Sales of existing single family homes and condominiums beat expectations for August, rising to the highest level since May of 2010, when the government’s home buyer tax credit juiced sales temporarily. This time it could be argued that the government … Continue reading

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Home Prices Are Not Rebounding as Fast as You Think

Home prices are rising faster than expected so far this year, or are they? Prices nationwide in July rose 3.8 percent year-over-year, according to the latest reading from CoreLogic. This includes prices of distressed properties and is the biggest annual … Continue reading

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Pending Home Sales Beat Expectations in July

Despite expectations of a drop-off in home sales this fall, a forward-looking indicator shows a growing number of buyers are jumping back into the housing market. The National Association of Realtors’ Pending Home Sales Index rose 2.4 percent in July … Continue reading

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Why Rise in Home Prices May Not Mean Much—Yet

Average home prices through May increased for the second month in a row, according to the latest SP/Case-Shiller Home Price Indices, which measure both the top ten and top twenty housing markets in the US. Prices are still down from … Continue reading

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Foreclosure Spike Is Positive Sign For Housing

After months of declines, the foreclosure numbers are going up again. Foreclosure starts, the first phase of the process, rose 9 percent in May month-to-month, the first increase in over two years, according to a new report from RealtyTrac. Bad … Continue reading

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