Tag Archives: affordable

NAR: Home Prices Post More Gains in Second Quarter

August 7, 2019 Home prices in the second quarter continued to rise in the majority of housing markets across the country. Ninety-one percent of 178 metros tracked saw home price gains in the second quarter, according to the latest report … Continue reading

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What the Fed’s Rate Cut Means for Buyers

The Federal Reserve on Wednesday cut interest rates for the first time since the Great Recession took hold in 2008, though the move is not likely to deliver significant juice to an already favorable borrowing environment for home buyers. The … Continue reading

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Gap Widens Between What Buyers Want, What’s for Sale

Home buyers are finding fewer homes for sale that are meeting their price expectations. Half of all home buyers say they’re looking for a home priced under $288,000. But that is 9.1% below—or $27,000 less–than the median list price of … Continue reading

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Mortgage Rates Drop to 2-Year Lows

This marks the sixth consecutive weekly decline for mortgage rates, leaving some borrowers wondering how low will they go. The 30-year fixed-rate mortgage averaged 3.82% this week, the lowest average since September 2017.  “While the drop in mortgage rates is … Continue reading

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Lower Mortgage Rates May Sprout Early Spring Buying Season

Mortgage rates inched lower for the third consecutive week. Freddie Mac Chief Economist Sam Khater says the lower rates bode well for the spring home buying season, typically the busiest time of the year for home shopping. “Mortgage rates … … Continue reading

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Millennials Are Undeterred by Fixer Uppers

Young adult home buyers aren’t afraid to buy a home in need of some major TLC. Sixty-seven percent of millennial home shoppers who participated in a recent Clever Real Estate survey of 1,000 U.S. residents in the market for a … Continue reading

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