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Are Millennials The Key To Future Housing Demand?
Housing demand has been taking some hits lately with rising home prices, higher interest rates, lack of affordable inventory, and lingering student loan debt, but millennials may be the key to where it goes in the near future. The tough conditions for buyers in the market that may be slowing demand have mostly been balanced... Read More
Buyers Searching Longer To Find Homes
The National Association of Home Builders (NAHB), being highly interested in understanding buyers and buying trends, generates a Housing Trends Report (HTR) based on national polls to track prospective home buyers’ perceptions about the availability and affordability of homes for sale in their markets. Their results for the 2nd Quarter of 2018 showed some interesting... Read More
Rates Stopped Climbing Last Week, Could Provide Some Help
Mortgage rates have been steadily climbing for some time, but finally saw a modest dip last week, and if they can stay stable for a bit or drop even lower, it could provide some welcome support to home sales. The average 30 year fixed rate reversed course and dropped half a point to 4.59% for... Read More
Housing Market Movers – Baby Boomers
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Homeowners Seeing Big Equity Gains
As home values have risen, so has owner equity. For most homeowners, the equity in a property is one of the foundations of building long term wealth, and a major reason Americans seek to own vs. rent. At a time when price appreciation continues to climb, those who own are seeing big equity gains, and... Read More
Realtors® have the Inside Scoop
With Homebuyers Facing Challenges, Where Will Prices Go?
Home buyers face an uphill battle vs. rates, prices, and inventories, but demand is strong. The question has been asked a lot lately – is this another bubble? If so, is it going to burst? Will home prices actually drop?? Not according to the top housing market economists. It’s no secret that there are some... Read More
Americans’ Optimism About Housing Hits New High
In case you (somehow?) haven’t heard – the housing market is doing well. Apparently most of us have heard, and enough people are feeling good about real estate’s near term outlook that the national Home Purchase Sentiment Index (HPSI) has hit a new all time high. Like many other economic indexes, the HPSI takes survey... Read More