The Federal Housing Finance Agency's latest Home Price Index (HPI) showed Texas lagging behind the U.S. in price appreciation, but the numbers don't tell the whole story.According to the third quarter 2013 HPI, which was released last week, Texas home prices increased 7.13 percent during the year ending in September.Nationally, prices increased 8.4 percent during the same period."Texas' growth rat...
Twenty-three states are within 10 percent of their 2006 home price peaks, CoreLogic reports in its latest housing data report reflecting October data.
Home prices have increased 12.5 percent year-over-year. However, prices had a more modest month-over-month gain of 0.2 percent from September to October. CoreLogic’s Home Price Index also reflects distressed sales.
“In terms of home p...
Housing costs are taking a bigger bite out of households’ incomes: More than a third of home owners with a mortgage and more than half of renters paid 30 percent or more of their household income toward housing costs last year, Census data shows. National median household incomes have dropped the past year, causing more households to devote more of their income to household costs.
More than 70 percent of the U.S. housing stock was built prior to 1990, and an aging housing stock may present more opportunities for buyers searching for a bargain, according to RealtyTrac’s Aging Homes Analysis.
"The high percentage of homes that are at least 20 years old and likely in need of some major repairs is eye-opening," says Jake Adger, chief economist at RealtyTrac. "However, gi...
Most common way to finance real estate is to go to a licensed
financial institution and borrow money on a mortgage. Thousands of banks are
licensed to deliver these services. Three major types of financing. The first a
fixed rate mortgage has a fixed rate of interest through fifteen or thirty
years. An adjustable rate generally fixed interest rate for a certain period of
time. The t...
Must-Know Tips for Navigating the Housing Market
on homeownership prove that it enhances our lives in many ways, and among them
is how we plant deeper stakes within the communities we call home,” notes John
L. Heithaus, CMO of MRIS. “Since navigating the housing market has become more
complex than ever, any potential homebuyer, whether a first-time buyer or not,
can benefit ...
Hi everyone!I hope all of you had a wonderful Thanksgiving! We definitely had a great day. We ate too much, and it was fantastic :-)In an effort to start my New Years Resolutions a bit early (wink), I am working on a Monthly Newsletter that will go out starting in January. Don't worry - it won't be ALL about real estate! It will have a section on market conditions, but will...
As the inventory of for-sale homes remains at low levels, sellers are getting more comfortable at the bargaining table and telling buyers to cool it with the contingencies. In competitive situations that attract multiple bids, some sellers are even telling buyers they want an offer without mortgage contingencies.
A mortgage contingency, often included in sales contracts, provides buyers wit...
Conventional Loan Amounts $300k plus are 4.25% today on a 30 day lock.
30 yr Conventional 4.375%
15 yr Conventional 3.375%
20 yr Conventional 4.125%
10 yr Conventional 3.125%
30 yr FHA 3.75%
15 yr FHA 3.25%
30 yr USDA 4.25%
30 yr VA 3.75%
15 yr VA 3.375% If you would like more details on Refinance as well, please contact me and I will give you inf...
The recent government shutdown continues to deflate Americans’ outlook toward the economy and the housing market, according to a survey conducted by Fannie Mae of 1,000 home owners and renters. In the survey, the gap widens between those who think the economy is on the right track and those who think it’s headed in the wrong direction.
"Housing market sentiment has clearly suffered...
A survey of 1,793 members of the National Association of REALTORS® by the Consumer Electronics Association (CEA) reveals that more than 50 percent are excited about homes with new technologies, and nearly 67 percent say that their clients are as well.
More than 90 percent of REALTORS® have aided in the purchase, sale, or showing of a home with advanced technologies. Here are the most common tec...
As housing inventories shrank this summer, more buyers reportedly attempted to find their perfect home in properties that haven’t even been listed on the market yet.
“Such back-pocket deals used to involve mostly luxury homes where buyers and sellers wanted to keep the sale hush-hush,” The Star Tribune reports. “But lower-priced houses are becoming a bigger part of the mix because even those are ...
The largest metros in the country saw some of the most significant declines in median home values following The Great Recession, according to a Census report.
The report shows that 43 of the 40 largest counties posted significant declines in median home values – compared to only four of the 50 least populous counties post-recession.
The Census Bureau compared home values and home ownership...
While the price of a home and its square footage are important factors in judging a home, women and men also base their decision largely on how they “feel” and whether the home fits their lifestyle, according to a survey conducted by Coldwell Banker Real Estate.
The survey of 1,000 men and women found that the sexes don’t differ too much when it comes to sizing up a home to buy.