The weakness in housing comes despite cheaper mortgage rates. dropped to a two-year low in June. According to the NAR, there was a 19% drop from a year earlier in sales of houses priced $100,000.
Pending home sales tumble to a 3-year low as housing ‘crisis’ worsens. even as the number of available listings at the end of January was at an all-time low for the month and 9.5% lower.
The overall homeownership rate barely budged in the third quarter of 2017, and remains only 1 percentage point above its all-time low reached in the second quarter. chief economist for the National.
If you find yourself in a situation where the loan amount is higher than the appraised amount you should discuss with your real estate agent and mortgage lender what are the best options for you. Closing Day Closing day for the sellers is similar as it is for the buyers in that you will be signing legal documents completing the sale of your home.
a lack of housing inventory pushing out lower income buyers. married and unmarried couples have double the buying power of single home buyers in the market and may be better able to meet the price increases of this housing market. repeat buyers are also returning to the market. Tightened inventory is affecting the home search process of buyers.
Based on home sales, construction starts and mortgage delinquencies, the housing market is “halfway back to normal,” said Jed Kolko, chief economist of Trulia Inc., a San Francisco-based real estate.
SUPER SHOPPING MALL “He drove super calmly and as if he was on a normal stroll through. Police arrested Kehoe after he drove back out of the shopping mall. He faces charges of driving under the influence, hit and run,
Nationally recognized RE/MAX Results agent and MN Property Group founder Joe Houghton gives us his take on the april 2018 housing market Statistics.. housing inventory is at a new all-time low.. it seems like we will enjoy another outstanding year for real estate and the Twin Cities.
Appraisals Not Always Needed for Fannie and Freddie Mortgages HUD has not issued an extension. of itemized fee disclosure. As always, read the bulletin for specific details! Early last week Wells Fargo Wholesale came out with new Fannie DU Refi Plus and.
It was another record-setting year for Texas real estate, as home sale and home prices both hit all-time highs – for the second year in a row.. but they’re also a more diverse group than in.
With demand high and mortgage rates still under 5 percent, homes continue to sell quickly, although the real estate group thinks the shortage of available homes may ease a bit. “Early signs point to.