new home sales

The Stone Of the Brexit Exit May Be Skipping Across The Pond To America

Today’s News Synopsis: America could be feeling the effects of Britain’s exit from the European Union.  Home prices saw their smallest year-over-year gain in seven years, having increased only 0.6% in February.  Mortgage rates decreased to 4.31% for 30-year rates and 3.76% for 15-year rates, making homebuying less expensive too. In The News: Realtor.com – “Britain’s …

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It May Not Be The White House, But At Least I Can Afford A House

Today’s News Synopsis: The area where residents have the most remaining income even after purchasing a home is Washington, D.C.  Big week for homes.  New homes sales increased in December by 3.7% to 621,000 according to the Commerce Department.  Home prices increased 4.4% year-over-year in January according to CoreLogic. In The News: Wall Street Journal – …

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Do You Know How It Works?

Today’s News Synopsis: Buying a foreclosed home?  2018 ended with new home sales decreasing drastically by 18-19% compared to December 2017.  Could we see an end to interest rate hikes this year? In The News: Zillow – “Silicon Valley Still Reigns Supreme for Hottest Housing Markets, but the South Will Heat Up in 2019” (1-15-2019) “The …

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It’s That Time Of The Year, Holidays And What Next Year Will Bring

Today’s News Synopsis: Realtor.com’s 4 key trends to watch in 2019.  The Commerce Department reported new home sales decreased to their lowest in three years, now standing at 544,000.  Foreclosure activity as a whole was down 4% year-over-year, although it was up in 38% of the local markets. In The News: MarketWatch – “New-home sales fall …

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Even As Market Begins To Soften

Today’s News Synopsis: Millennials face housing hurdles.  In a breaking news story, the Federal Reserve increased interest rates once again.  New home sales increased 3.5% last month. In The News: CNBC – “Apartment rents are suddenly rising faster, reversing year-long trend” (9-26-2018) “Buying a home is getting more and more expensive, thanks to sharp increases in …

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Projects Funded By the City Would Have To Allow Pets

Today’s News Synopsis: LA considering pet-friendly requirement for affordable housing.  New home sales in the U.S. decreased 1.7% last month according to the Commerce Department.  Mortgage rates continue to show signs of decrease with 30-year rates now at 4.51% and 15-year rates at 3.98%. In The News: ATTOM Data Solutions – “ATTOM Data Solutions Launches Consolidated …

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Find Out What B2R Means

Today’s News Synopsis: There’s a new trend in the single-family rental market.  The Mortgage Bankers Association reported mortgage applications decreased 2.6%, while at the same time rates increased.  New home sales decreased 1.5% according to HUD and the Census Bureau. In The News: Mortgage Bankers Association – “Mortgage Rates Increase, Applications Decrease in Latest MBA Weekly …

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