New home sales climb in February for the third straight month
New home sales rose yet again in February, jumping 1.1% month over month to seasonally adjusted annual sales pace of 640,000.
home inventory
Home listing trends point to slow start to spring buying season
Limited availability of for-sale homes to start 2023 has created concerns among aspiring home buyers as spring begins, according to two new housing research reports. A little under 830,000 properties were on the market at some point in February, economists at Zillow said in its monthly housing report. The number is the second lowest figure … [Read more…]
Half the Homes, for 50% More Money: An Honest Look at Homebuyers’ New Reality
Our latest column will explore what the latest real estate data means for both homebuyers and home sellers.
With little competition, homebuilders are feeling better
Despite economic uncertainty, homebuilders remain optimistic in March, but six month outlook falters slightly.
Zillow sees signs of a good spring home buying season ahead
Recent changes in market conditions, including mortgage rates slipping from their November highs, will make for a relatively positive spring home buying season, Zillow said. Homes that are priced properly will have a number of buyers although not the hoards that inundated the market throughout 2021 and into the start of 2022. “Affordability will still … [Read more…]
Homebuilders pulled back on the pace at the start of 2023
Homes were started at an estimated annual pace of 1.309 million in January, down 4.5% month over month, according to a report released Thursday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD).
Share of Black first-time homebuyers falls to 3%
NAR released a report saying 88% of first-time homebuyers are white while 8% are Hispanic, 3% are Black and 2% are Asian.
Buying a Foreclosure With a VA Home Loan
According to recent statistics, the average discount nationwide on a foreclosed home is 32.6%*. That means someone buying a foreclosure can potentially pay only 67.4% of the open market price […]
The post Blog first appeared on MilitaryVALoan.com.
Homebuilder’s earnings report mirrors housing turmoil
One key strategy is a commitment to pre-starting 100% of the company’s entry-level homes, he noted: “This readily available home inventory puts us in a favorable position since buyers in the current market want homes that are ready to close within 45 to 60 days,” he said. “Eliminating uncertainty and reducing stress are a premium … [Read more…]
Mortgage Applications Rise Even As Rates Inch Up. Is It Time To Buy Or Refinance?
The real estate market was hit hard in the recent downturn. But not all is lost. Rates are low, and home prices are down. Buying a house? You’re in luck.
The post Mortgage Applications Rise Even As Rates Inch Up. Is It Time To Buy Or Refinance? appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.