Archive for June, 2013

Why You Should Hire A Buyer’s Agent

Friday, June 28th, 2013

On the surface, wanting to buy a home seems as simple having the desire to buy and a pen to sign the contract. However, obtaining a new home is more involved than what appears on the exterior and often, people don’t realize the aid available to them. Every person is entitled to their own representation […]

New-home sales up 29% over last spring

Wednesday, June 26th, 2013

  The sale of new single-family homes rose 2.1% in May, reaching the best sales pace since July 2008. The number of new homes sold in May was 29% higher than the number sold in 2012. If the current rate of sales continues, builders will sell 476,000 single-family homes this year, according to new data from the […]

Breaking: Home Prices See Record Breaking Increase in April; New Homes Sales Highest Since 2008; Consumer Confidence Surges to 5-Year High

Wednesday, June 26th, 2013

A wave of positive housing news flooded financial newswires this morning. Data through April 2013, released today by S&P Dow Jones indicates for its S&P/Case-Shiller Home Prices Indices, a leading meausre of U.S. home prices, showed average home prices increaed 11.6 percent and 12.1 percent for the 10- and 20- City Composites in the 12 […]

Home resales rise to three-and-half year high; prices jump

Friday, June 21st, 2013

WASHINGTON (Reuters) – Home resales rose in May to the highest level in 3-1/2 years and prices jumped, a sign the housing sector recovery is gathering steam and could give the economy a significant boost this year.  The National Association of Realtors said on Thursday that existing home sales advanced 4.2 percent to an annual rate of […]

Signs the Mortgage Market is Improving

Friday, June 21st, 2013

  We all know that the last five years haven’t exactly been smooth sailing for the housing market. And even if you weren’t completely tossed overboard, chances are you got a little wet. Perhaps your home has lost value over the last few years, making it difficult to refinance. Or maybe you’ve been shying away […]

Is 2013 the Right Year to Buy a House

Friday, June 21st, 2013

Have you noticed it yet? The growing murmur out there, getting louder every week, bubbling up in newspapers, on TV, and on news sites, and it’s telling you … to buy a house in 2013. OK, maybe that’s a bit of an exaggeration, but there are definitely a lot of experts (and non-experts) suggesting that […]

Confidence of Homebuilders Jumps as Recovery Deepens

Wednesday, June 19th, 2013

NEW YORK (Reuters) – Confidence among U.S. homebuilders surged in June, staging its biggest gain since 2002 in one of the strongest signs yet that the housing recovery is gaining traction. A majority of homebuilders say conditions for new construction are favorable, rather than poor, for the first time since the housing crisis began seven […]

Economists Temper Housing Bubble Worries

Wednesday, June 19th, 2013

Although home prices are likely to continue to rise in the next few years, the national market is not in danger of a bubble, according to prominent economists. “Four of the next five years are likely to be improving years in the housing market. I don’t say five because there’s always the possibility of little […]

Bill Will Sweeten Loans for Energy Efficient Homes

Friday, June 14th, 2013

Home buyers purchasing energy-efficient properties could qualify for larger mortgages than their incomes would normally allow under a Senate bill reintroduced Thursday with broad real estate industry support. The measure would allow lenders to include projected energy savings from efficiency upgrades when measuring the borrower’s income against expenses and the value of the home against […]

What’s the Best Day to List Your Home for Sale

Friday, June 14th, 2013

If you’re getting ready to sell your home, your real-estate agent should have listed it in the multiple-listing service on Friday. If he missed that deadline, you may want to wait until next week. A study by Redfin found that Friday is the best day to list a home for sale. “You get four times the […]