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Tag Archives: housing market
Fed survey shows housing improvement
According to a survey done by the Federal Reserve, nearly all regions of the United States are reporting that stronger housing markets have helped boost economic growth since the middle of August. The Fed said growth improved in 10 of its … Continue reading
Posted in Economy
Tagged august, beige book, federal reserve, home prices, home sales, housing market
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Housing Market improves in Swing States
Housing markets across the country are improving, especially in Nevada, Florida and other important swing states that were one of the hardest hit states when the housing market crashed. According to RealtyTrac, in Nevada, there were just over 14,000 foreclosure filings in the … Continue reading
National home prices rise for the first time in years
For the first time in 5 years (since the housing crash began), nation-wide home prices rose 0.2% to a median value of $149, 300 during the second quarter of this year. The real estate website Zillow reported that this was … Continue reading
Rent prices rising
Rents in the U.S. rose 5.4% over the past 12 months according to the real estate website Trulia. The increase in rent prices stem from the lackluster home sales as there are still home-seekers out there who want to live … Continue reading
Posted in Economy
Tagged austin, central texas, housing market, Killeen, prices, Rent, rising
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Foreclosures jump in May
Filings for foreclosures in the month of May spiked 9% compared to April in a study done by RealtyTrac. The report says that 205,900 U.S. properties filed for foreclosures in May, which was the first monthly increase since January. … Continue reading
Posted in Economy
Tagged arizona, atlanta, california, chicago, foreclosure, georgia, housing market, nevada, phoenix, realty trac
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Home prices show continued improvement….but
May was the second straight month in which the comparison between last month and the same month last year showed an increase in home prices. Compared to May 2011, home prices rose 2.6% and with April’s increase, this is the … Continue reading
Posted in Economy
Tagged boston, denver, home prices, housing market, miami, Real Estate, rental, san francisco
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15 year mortgage rate dips below 3%
Interest rates on a 15-year fixed rate (used for refinance) plunged below 3% for the first time on record. The 30-year fixed rate (used for purchase) fell to 3.75%, compared to last year’s mark of 4.55%. For some … Continue reading
Posted in Economy
Tagged 15 year fixed rate, 30 year fixed rate, housing market, interest rate
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New home sales climbing
Sales of new homes grew 3.3% to 343,000 in April according to a new government report on Wednesday. The growth is higher than the expected rate by industry experts which would have seen the April increase up to 339,000. The … Continue reading
Home prices lower than never
If you ever wanted to buy a home, you probably won’t find homes any cheaper than they are now. Since 2006, housing prices are down 34%, asupply-demand adjustment to the housing bubble. It is likely though that the prices won’t stay … Continue reading
Posted in Economy
Tagged bottom out, housing market, jed kolko, prices, recovery, stuart hoffman
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Mortgage Payments Lowest in Decades
The monthly mortgage payment bill is the lowest it has been in decades. For example, if you were to put 20 down on a median-valued home ($154,400), only 12.1% of your monthly income would be used to pay down the … Continue reading
