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Showing posts from 2017

Not even housing inventory crisis can stop homebuyers

Not even housing inventory crisis can stop homebuyers : On the list of factors preventing potential homebuyers from entering the market, you can mark off rising home prices, dwindling inventory and fierce competition, which all seem to have little effect on the increasing demand for homes. In fact, Redfin’s Housing Demand Index hit an all-new high in May.
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Movement Mortgage premieres zero down mortgages for first-time homebuyers

Movement Mortgage premieres zero down mortgages for first-time homebuyers : Movement Mortgage announced a new down payment assistance program for first-time homebuyers that allows borrowers to put nothing down on a home. In order make this happen, the lender said it will provide grants up to 3% of a home's sales price, thus creating 97% conventional financing.
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Home prices jump nearly 6% in March

Case-Shiller shows home prices jump nearly 6% in March : Home prices increased once again in March, hitting the highest pace in almost three years. Experts point out that while prices cannot rise indefinitely, there is no way to tell when rising prices and mortgage rates will force a slowdown in housing.
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Lack of housing supply slows pending home sales in March

Lack of housing supply slows pending home sales in March : Pending home sales dipped slightly in March as low levels of housing inventory created a strain on the market. Low inventory levels are not only holding back home prices, but also creating more competition and increasing home prices. The National Association of Realtors forecasts the rate of home sales for 2017.
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Here’s what these companies are doing to increase Hispanic homeownership

Here’s what these companies are doing to increase Hispanic homeownership : Hispanic homeownership continues to fuel the growth of the U.S. housing market, and now several companies have joined the Hispanic Wealth Project with the goal of tripling Hispanic household wealth by 2024. Here is what several companies pledged to do in 2017 to meet that goal.
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MBA: Despite flat mortgage apps, purchase loan size reaches new high

MBA: Despite flat mortgage apps, purchase loan size reaches new high : Despite another quiet week for mortgage applications overall, average purchase application loan size managed to post a new high, continuing recent trends. As a whole, mortgage applications increased 1.5% from one week earlier. Here’s how the rest of the data came in.
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Trulia: Housing inventory tumbles to all-new low

Trulia: Housing inventory tumbles to all-new low : Housing inventory decreased in the first quarter of 2017, hitting an all-new low. But while inventory for starter and trade-up homes is shrinking, premium home inventory is increasing. Trulia explains the reasons for the dwindling inventory, and the new threat rising home prices impose.
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Experts: Don’t read too deep into February’s existing home sales drop

Experts: Don’t read too deep into February’s existing home sales drop : Existing home sales came in lowest in February, however experts caution against determining a new trend based on just one month. In fact, they continue to predict a strong home-buying season this spring despite rising home prices, higher interest rates and decreasing inventory.
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