Tag Archives: growth

Strong Equity Gains are Giving Homeowners More Options

Residential homes in the United States have experienced strong equity gains in the last three years, and a recent survey indicates that they expect the equity gains to continue in 2016.  In a new survey conducted by loanDepot released Monday, 60 percent of respondents said their homes have gained equity in since 2013 as the housing […]

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Another Rate Hike in the Future???

Many in the mortgage industry were anxiously waiting to view the results of the final jobs report of 2015 to see if the Federal Reserve was on track with the timing of its long-awaited December rate hike or if the central bank acted too quickly. The Bureau of Labor Statistics (BLS) reported better-than-expected job gains […]

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Pending Home Sales Rise to Highest Level in Nine Years

The National Association of Realtors (NAR) recently reported in their Pending Home Sales Index (PHSI) that, pending home sales increased in April for the fourth consecutive month and reached their highest peak in nine years. All four major regions saw growth in April, led by the Northeast and Midwest. “The steady gains in contract activity […]

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3 reasons right now is the best time to buy a home.

  The advantage is on the buyer side!!! There has never been a better time to buy a home this year.  And yet despite three major advantages for homebuyers, sales so far have been slow. Buying is cheaper than renting in most markets. And with mortgage activity down, originators, one would think, would be bending […]

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Consumers Offer Mixed Opinions on Housing Market’s Future

Housing optimism for the year ahead diminished somewhat in March, though signs largely point to a positive spring season. Fannie Mae released Monday its most recent National Housing Survey, revealing a slight softening in the housing recovery as monthly indicators remain volatile. According to results from the March survey, fewer than half of consumers polled expect home […]

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Housing Markets Improving But Most Metros Not Yet ‘Stable’

Housing markets in half of all states and 35 of the top 50 metros are improving, according to a new report from Freddie Mac. However, only 11 states and four of the top 50 metros are “stable” compared to each market’s individual historical norms, Freddie Mac reported. Freddie Mac’s first Multi-Indicator Market Index (MiMi) was […]

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February Gains Point to Seller Optimism

Realtor.com released its February Monthly Housing Trend Report, which showed an increase in listing prices as well as an increase of housing inventory. The increase in both list price as well as inventory points to a “strong early beginning to this spring’s home buying season,” the report said. Nationally, median listing price increased to $199,000, […]

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Millennials Moving Away From Suburbs Towards Urban Living

There is evidence that the suburban sprawl has become costly in recent years, with cookie cutter suburbs waning in popularity among urban-minded millennials, who are marrying later and having smaller families.  This may mean a complete cultural shift for Phoenix with a shake-up in the home-building industry, which has taken developers further and further into […]

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Home prices still surging…..for now!

Though home prices are still surging, the pace of the gains has steadied as interest rates continue to rise. Even though prices in the nation’s 20 largest cities rose 12.1% over the last year, according to S&P/Case-Shiller home price index, it didn’t quite match the gain of 12.2% reported for May of this year. With […]

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Another “Best” for Scottsdale…

Scottsdale has always been known as a mecca for retirees, but it is now sporting a new title…..best place for young families.  A July 23 report by the finance website NerdWallet said Scottsdale is the 2nd best place in Arizona (after Oro Valley in Tucson) for young families. With its gorgeous golf courses, excellent school […]

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