Category Archives: Uncategorized

The next housing boom looks more sustainable.

Rising minimum wages will allow many working-class Americans to buy a first home.  The housing boom doesn’t have to be followed by a painful bust. The boom of the last decade was powered by speculative froth and lax mortgage underwriting – and it ended predictably badly. The present day, with large employers continuing to raise […]

Lowest Rates In April

Mortgage rates dropped yesterday. It wasn’t a huge move, but they didn’t have to go very far to get to the best levels of the month. To be fair, many prospective borrowers are still seeing the same interest rate at the top of a loan quote that they would have seen any time in the […]

Home Buyers (And Sellers) Much More Upbeat in March

A few couple of warm days, the appearance of a few tulips, and wham, homebuyer sentiment goes through the roof.  At least the results from the March National Housing Survey (NHS) seem to support that theory.  Net positive responses to whether it is currently a good time to buy and/or sell a home shot up 7 […]

Corelogic, the real estate data and analytics company, predicts that annual gains in home prices could hit close to 5 percent by 2020, thanks to falling interest rates.

For Mortgage Rates, “High 3’s” In Sight Once Again.

Mortgage rates took the day to do just a little bit more of what they’ve been doing in fairly grand fashion for the past week: MOVE LOWER! When the good times started in earnest, rates were already in line with their lowest levels in more than a year. As of today, they’re another quarter or […]

Two terms that are often (and incorrectly) used interchangeably are “pre-qualified” and “pre-approved”. A Pre-Qualification typically means a buyer has spoken with a lender (who may or may not have pulled a credit report) and verbally discussed employment, liabilities, payment histories, and assets. A true Pre-Approval, on the other hand, entails a strict review of […]

A Surprise in Pending Sales Kicks Off 2019

BY JANN SWANSON Expectations were high for a strong pending home sales report to christen the New Year. Those expectations were more than satisfied. The National Association of Realtors® (NAR) says its Pending Home Sales Index (PHSI) jumped 4.6 percent, climbing to 103.2 in January from 98,7 in December. It was the first gain in […]