September 30, 2020 Pending home sales are exceeding pre-pandemic levels and defying forecasts. August marked the fourth consecutive month of escalating sales contract activity, with all four major regions of the U.S. posting higher year-over-year pending home sales numbers, the National Association of REALTORS® reported Wednesday. NAR’s Pending Home Sales Index—a forward-looking indicator based […]
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 […]
March always brings a feeling of expectancy and has many events to suggest that we are nearing winter’s end. Spring is just around the corner! The daffodils are in bloom, and the crocuses are pushing their heads up as well. It’s time to get outside and enjoy this beautiful place we call home. Daylight Savings […]
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 […]
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 […]
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 […]
Swimming holes, waterfalls, cool, high country hikes, bike rides, farmers’ markets, fly-fishing in ancient rivers, internationally acclaimed musicians playing live under a sunset sky, old time dances in one of the prettiest downtowns in the Western North Carolina mountains. What could be better than Brevard in summertime? Summer is simply special here. Here’s […]
Mortgage rates posted more drops this week, lowering the borrowing costs of potential home shoppers and refinancers. Rates are now at a nine-month low, which helped boost mortgage applications more than 20 percent this week. “Lower mortgage rates combined with continued income growth and lower energy prices are all positive indicators for consumers that should lead to […]