According to the National Case-Shiller Home Price Index for June, U.S. home prices rose 4.30 percent year-over-year, which was unchanged from May's year-over-year home price growth rate. Home prices are expected to continue growing through 2020 as businesses reopen and COVID-19 restrictions ease.
From Big to Small: How to Downsize from a Large House to a Smaller, More Efficient Home
If you're moving from a large home into a smaller house or condo, you're probably looking forward to enjoying a lower heating bill and not having to do as much cleaning. But before you move, you'll want to take certain precautions to ensure that you're not overwhelmed.
What’s Ahead For Mortgage Rates This Week – August 24, 2020
Last week's economic news included readings from Case-Shiller on home prices, the National Association of Home Builders Housing Market Indices, and sales of previously-owned homes. Readings on housing starts and building permits issued were released. Weekly reports on mortgage rates, new and continuing jobless claims were also published.
Tips For Deciding The Value Of A Home
Homes are more than just a building. They are filled with memories of children taking their first steps, holidays that were celebrated with family members and friends, and Super Bowl parties filled with smiles and cheers.
The Pros and Cons of Buying a New Home Versus Buying Pre-owned
Buying a house, condo or townhouse is an exciting and rewarding time which tends to be a lot of fun. However, along the way you'll need to make a number of decisions - including whether you want to buy a pre-owned home or one that has been built recently.
Applying for a Mortgage? Three Questions Your Lender Will Ask You – and How to Prepare Your Answers
Before approving a mortgage, your lender is going to have to do his due diligence to ensure that you can afford a loan large enough to pay for a house. Here's how you can prepare to answer these questions in a way that will increase your likelihood of approval.
A Bidding War Is Taking Place Among Homebuyers
While businesses have fallen on hard times during the past few months, there are signs that the economy is going to start to recover quickly. This could mean that homebuyers are entering the market again as well.
What’s Ahead For Mortgage Rates This Week – August 17, 2020
Last week's scheduled economic news included readings on inflation and retail sales. Weekly reports on mortgage rates and new and continuing jobless claims were also released. In other news, the FHFA announced an increase in fees charged by Fannie Mae and Freddie Mac for home loan refinance transactions.