Tag Archives: home prices

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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Housing Confidence Up but there is Room to Grow

Consumers believe that their outlook is getting better. But they are not necessarily ready to participate in the housing market just yet. The June Housing Survey released by Fannie Mae shows that consumer sentiment toward the housing market is continuing to improve as the overall economic outlook improves but it still sits well below the […]

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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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Still a Seller’s Market? Not for Long!!!!

According to Michael Orr of Arizona State University WP Carey School of Business, at an ARMLS “Engage” Conference held yesterday in Phoenix, we will reach a balanced market in exactly 9 days.  By balanced market he means neither a Buyer’s nor Seller’s market.  As a statistician who tracks daily sails trends, he has noted the […]

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Distressed properties are on the decline in Phoenix | HousingWire

Distressed properties are on the decline in Phoenix | HousingWire. Though there are still advertisements saying thousands of lender-owned properties are going to flood the market, that is definitely not the case for the Greater Phoenix market. Sure, there was a flood of cheap properties at one point in time, but that time has passed.Lenders […]

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