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According to the Mortgage Bankers Association (MBA) report, mortgage applications dropped by 7.3%, applications for refinancing dropped 8% and the purchase index fell 4%.The Wall Street Journal reports that Low interest rates have attracted new buyers and persuaded many home owners to refinance thei [Read More]

According to the April 2013 National Housing Survey by Fannie Mae, over half of Americans expect that the home prices across the nation will begin to rise over the next year.Other highlights of the survey include: 65% of the respondents said that they would buy a home if they were going to move. 48% [Read More]

According to a survey conducted by Harris Interactive, commissioned by Coldwell Banker, couples today are more likely to purchase a home before they marry. The survey showed that 25% of married couples between the ages of 18-35 bought their first home before they married. Compare this to 14% of [Read More]

Housing prices have seen a significant growth over the last year in both new and existing homes. Construction is rising rapidly, although still weak in comparison to the statistics during the housing bubble. But keep in mind that the building boom left the country with a huge oversupply of houses [Read More]

Although home prices across the nation are still 29% below their peak, they jumped 8.1% during the 12 months that ended in January, according to the Standard & Poor's/Case Shiller 20-city home price index. The steady home price increases are enabling recovery in the housing industry in an effort t [Read More]

Good News! According to CoreLogic's latest analysis, during the 4th quarter of 2012 nearly 200,000 more residential properties are no longer drowning. This brings the total to 1.7 million properties that have gone from negative equity to positive last year! The analysis shows that the improvemen [Read More]

Here is a tip for sellers....If you are looking to sell, take a look at the comps in the area. If your same condo or house a few doors down sold for 300k....... There is no need to put your property on the market at 450k. IT WILL NOT SELL! Put youself in the buyers shoes. If you were looking at hous [Read More]

According to mortgage giant Freddie Mac, rates on a 30-year fixed rate mortgage inched up from record lows last week to 3.39% this week. Last month the Federal Reserve began buying mortgage bonds in an effort to encourage more borrowing, as well as more spending. The Fed stated that they wil [Read More]

According to the summer 2012 Rent vs. Buy Report released by Trulia, buying homes is a better deal than renting considering all the top 100 cities across the country. The study included a comparison of homes for sale and homes for rent on the Trulia site between June 1st and August 31, 2012. T [Read More]

According to mortgage giant, Freddie Mac, mortgage rates on a 30 year fixed rate mortgage dropped last week to 3.55% from 3.59% the week before. The lowest rates seen since in 1950s were seen only six weeks ago and have been rising steadily ever since. Although the cheap mortgage rates have aide [Read More]