April 2018 Pending Home Sales Slow Slightly

To better understand the April 2018 pending home sales report, it is important to understand that between the time an offer is accepted and the deal is closed, a home’s sale is typically referred to as pending. That’s because, there’s a chance, during this period, that the sale won’t go through, as there are some […]

Why Have US Interest Rates Jumped to a 7-Year High?

US interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. Many factors fuel the current pace of acceleration. Sam Khater, Freddie Mac’s Chief Economist, had this to say: “Healthy consumer spending and higher commodity prices spooked bond […]

Why The Market For New Homes Matters To You

If you aren’t in the market for a new home, why should you care about the new homes market? Well, for starters, it plays a significant role in the health of the housing market. And that affects all buyers, not just new home buyers. How? Simply put, construction is the quickest way to add new […]

April 2018 Housing Report: Homes Sell Quickly As Inventory Improves

New data from the National Association of Realtors shows the typical for-sale property was on the market for just 26 days in their April 2018 housing report. And, though sales were down during the month, the speed with which homes are selling is evidence that buyers are interested and active in the market. Lawrence Yun, […]

What Is The Most Prosperous City In America?

What does it even mean to be the most prosperous city in America? Prosperous is defined as “successful in material terms; flourishing financially.” And, while money isn’t everything, it’s safe to say we all want to be successful and wouldn’t mind flourishing financially. So where in America is the best place to live if you […]

Generation Z Homeownership May Happen Earlier Than Millennials

Generation Z – which is defined as people born between the mid-1990s and early 2000s – is quickly approaching adulthood and will soon face the decision of where to live and whether to rent or buy. Generation Z Homeownership is something that many would think to be far off. But, according to a recent analysis, […]