We believe the housing market is recovering. We believe that sales will be robust through the rest of the year. However, we also believe that the increase in demand will not impact prices in a big way as we think there will also be an increase in the supply of homes coming to the market. This … [Read more...]
Housing Affordability Reach Records
Housing affordability conditions for all buyers reached a milestone in the first quarter, according to the National Association of Realtors®. NAR's composite quarterly Housing Affordability Index* rose to a record high of 205.9 in first quarter, based on the relationship between median home … [Read more...]
Yet Another Housing Bear Turns Bull
Every day there seems to be more positive news about the real estate recovery. We attempt to give you two things in this blog: The actual data that indicates where the housing market is headed Quotes from analysts who have scrutinized this data Today, we want to give you a quote by Ivy … [Read more...]
March Pending Home Sales Rise, Market Recovering
Pending home sales increased in March and are well above a year ago, another signal the housing market is recovering, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 4.1 percent to 101.4 in March from … [Read more...]
Are You a Buyer Looking to Purchase a Short Sale?
It seems that there is a significant amount of confusion when it comes to purchasing a short sale. There are many misconceptions when it comes to this type of transaction, so below I have provided some information to potential buyers of short sales. If you are looking to purchase a short sale, … [Read more...]
Existing-home sales were down but continue to outpace year-ago levels
Existing-home sales were down in March but continue to outpace year-ago levels, while inventory tightened and home prices are showing further signs of stabilizing, according to the National Association of Realtors®. Total existing-home sales1, which are completed transactions that include … [Read more...]
Home Prices Rise for Frist Time in 18 Months!
Home Prices Rise for first time in 18 months. Housing report … [Read more...]
The Pennsylvania Housing Finance Agency – New Homeownership Programs
The Pennsylvania Housing Finance Agency today launched more exciting new home-ownership programs. To view a special edition of the PHFA newsletter describing these new programs, please visit: http://www.phfa.org/forms/newsletter/phfa_developments/current/UTTM_HOPNewMortProduct_FINAL_April2012.pdf … [Read more...]
Proper Planning for Your Mortgage Application
With good preparation, most things are easier. That works in mortgages too! Today, I want to give you some ideas that can make your mortgage experience less painful. Income Items: Gather your documents. Today, many people will have to produce 2 years’ complete tax returns, including W2?s, … [Read more...]
Realtor® Nationwide Open House Weekend Provides Opportunities for Buyers and Sellers
Potential home buyers rely on open houses to help them find the home of their dreams. This weekend buyers can have a greater chance of doing just that during Realtor® Nationwide Open House Weekend, which is organized by state and local Realtor® associations across the country. This Saturday and … [Read more...]