To find out if now is the time to buy, check out this week’s mortgage highlights:Mortgage rates continued to move slowly upward as current economic conditions and the outlook for future economic growth continue to improve.With the passage of the next round of stimulus, some experts are expressing growing concern for future inflation. However, core…
February 25, 2021 Sales of newly built, single-family homes in January moved 19% higher than a year ago, as home buyers sought more options under a lean number of existing homes for sale. Newly built single-family home sales increased 4.3% last month over December 2020, reaching a seasonally adjusted annual rate of 923,000, the U.S.…
Even though nominal house prices continued to surge, affordability improved in November as two of the three key drivers of the Real House Price Index (RHPI), household income and mortgage rates, swung in favor of increased affordability. Real house prices declined by 6.2 percent relative to one year ago, thanks to the benefit of increased…
When it comes to a new home, house hunters apparently want to hear more about the eco-friendly components and designs. Energy efficiency is a primary driver in homebuyer preferences for a new home, according to newly released research of 3,000 home buyers from the National Association of Home Builders, presented Thursday during its virtual 2021…
WASHINGTON (January 22, 2021) – Existing-home sales rose in December, with home sales in 2020 reaching their highest level since 2006, according to the National Association of Realtors®. Activity in the major regions was mixed on a month-over-month basis, but each of the four areas recorded double-digit year-over-year growth in December. Total existing-home sales,1 https://www.nar.realtor/existing-home-sales,…
California housing market ends year on high note as sales continue strong in December and median price reaches another record high, C.A.R. reports – Existing, single-family home sales totaled 509,750 in December on a seasonally adjusted annualized rate, up 0.2 percent from November and up 28 percent from December 2019.– December’s statewide median home price…
