WASHINGTON — Average U.S. rates for fixed mortgages crept higher this week but remained low by historical standards. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan increased to 4.48 percent from 4.47 percent last week. ...Read More »
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For the first time in 29 months, total existing home sales fell from their year-ago levels in November, according to information provided by the National Association of Realtors. The seasonally adjusted November sales figure of 4.90 million units is 1.2 ...Read More »
The income required to purchase a median-priced home in today’s market depends largely on location and varies quite a bit across the country. In Cleveland, you could earn $22,000 a year and still afford a house, but in San Francisco, ...
Tagged with: Clear Capital Freddie Mac HSH Associates income required to buy median-priced home Jim Woodard Market Composite Index Martgage Bankers Association Morningstar Corporate Credit Ratings National Association of Realtors Primary Mortgage Market Survey Refinance Index Weekly Mortgage Applications Survey ZillowRead More »
Recovery from our recent recession will continue in 2014, but it will be greatly reduced by a surprising factor – the low number of new household formations. About 1.1 million new households form in a normal year. These new households ...Read More »
CHARLOTTE – Pending homes sales continued to slide for the fifth consecutive month in October, according to research released by the National Association of Realtors. The NAR said that its seasonally adjusted pending home sales index fell by 0.6 percent ...Read More »
Existing homes sales across the country slowed in October from the prior month, but still showed significant gains from the previous year, according to a National Association of Realtors report. Total existing home sales dipped 3.2 percent to a seasonally ...Read More »
CHARLOTTE – The Charlotte metro area’s median home sales price rose 11.1 percent year-over-year from the third quarter of 2012, according to the latest quarterly report by the National Association of Realtors. The median sales price in the third quarter ...Read More »
As the housing market continues to recover, tough mortgage requirements are preventing some buyers from entering the market, according to a new survey by the National Association of Realtors. In its annual profile of homebuyers and sellers, the association found ...Read More »
Q: In many markets, the inventory of listed homes is very low and dropping. Yet the number of home sales is rising. What’s the answer to that puzzle? A: A rising number of off-market (nonlisted) home sales are occurring. ...Read More »
CHARLOTTE – Ron Harmon was looking for something special in his next home, the ability to accommodate his elderly mother-in-law and his autistic daughter independently yet safely under one roof. The 64-year-old director of purchasing for the city of Bradenton, ...
Tagged with: Brookedale Commons Carolina Reserve Jay Thrower Jon Cherry Jon Hardy Lawson at Deer Meadow lennar M/I Homes Charlotte multigenerational housing National Association of Realtors Next Gen Pulte Grouup Ron Harmon Ryland Stephen Melhman Tamara LynchRead More »