Strong Demand for Housing

Single Family Housing in Demand

Over in the housing market, home builder sentiment remained strong in May as builders are being boosted by growing consumer demand for single-family homes. However, the increasing costs for lumber poses a concern for builders. The NAB Housing Market Index rose two points in May to 70. Tight housing inventory, employment gains and demographic tailwinds… [Read More]

Existing Home Sales Rise

Spring Home

The National Association of REALTORS® (NAR) reported on Monday that Existing Home Sales in March rose 1.1 percent from February to an annual rate of 5.60 million annualized units, above the 5.57 million expected. However, sales are down 1.2 percent from March 2017 due in part to continued low inventories and affordability issues. Total housing… [Read More]

Mortgage – Pre-Approval VS Pre-Qualification

Pre-Approval VS Pre-Qualification

Mortgage – Pre-Approval VS Pre-Qualification? Which is best for you in today’s housing market? Think about your goals. Read on! And, then YOU decide! A pre-approval letter is a statement from a lender that you would probably qualify for a specific mortgage amount based on the mortgage loan officer’s thorough review of your financial information:… [Read More]

Home Purchase Mortgage Loans on the Rise

Home Buyers Increase

CoreLogic reports that rising incomes and consumer confidence have increased the number of prospective home buyers. The increase in potential home buyers coupled with limited inventories of homes for sale on the market continue to drive prices higher. They also report that home prices nationwide, including distressed sales, rose 6.6% year over year in the… [Read More]

Home Prices Up

Home Prices Up

The S&P Case-Shiller 20-City Home Price Index rose 6.4 percent year over year, which was in line with estimates. National home prices were up 6.2% in November year over year and are 6 percent higher than their 2006 peak. Those in the top 20 cities are still 1.1% lower, however. “Home prices continue to rise… [Read More]