News and Events

Buyers Reemerge With More Purchasing Power

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July 22,  2020 Despite high unemployment numbers, nearly two-thirds of buyers recently surveyed say they’ve been able to save more money for their down payment due to the shelter-in-place orders this spring. Combined with low interest rates (the 30-year fixed-rate mortgage averaged 2.98% last week), more house hunters say they’re stretching their budgets and searching […]

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5.4% Jolt for Home Price Seen for 2020

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December 4, 2019 More home appreciation is likely to come in the new year. In a new report released by CoreLogic, economists predict home prices will spike by 5.4% from October 2019 to October 2020. That is even higher than the 3.5% annual appreciation in national home prices posted this October, the real estate data […]

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The ‘Summer Swoon’ Continues with Mortgage Rates

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September 6, 2019 © REALTOR® MAGAZINE The 30-year fixed-rate mortgage averaged 3.49% this week, the lowest average since October 2016, Freddie Mac reports. “Mortgage rates continued the summer swoon due to weaker economic data,” says Sam Khater, Freddie Mac’s chief economist. “While economic growth is clearly slowing due to rising manufacturing and trade headwinds, economic […]

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Where Are We Now?

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Data Shows Substantial Housing Progress Post-Recession Since the recession, the U.S. real estate housing markets have undergone a significant transformation, creating a booming real estate industry that is almost unrecognizable to the one we had just a decade ago. June marked the longest period of economic expansion for the country, reaching 121 months. What’s happened […]

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