The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Only those homes priced under $100,000 showed a decline (-4.6%). The decline in this price range points to the lower inventory of distressed properties available for sale and […]

Some Highlights: Home sales are up 1.5% year-over-year and 5.1% month-over-month. Demand is still much higher than the available housing inventory which declined 2.2% from March 2015. This is the 49th consecutive month with year-over-year price gains. Source: Luxury Market News

With the overall economy just inching along, some experts are questioning whether the housing market can continue its momentum throughout the rest of the year. People are beginning to ask questions such as:   Will disappointing economic news adversely impact housing? Is affordability a major concern in today’s real estate market? Are we approaching a […]

In today’s highly competitive seller’s market where there are more buyers than there are listings for them to purchase, some sellers may feel like the ball is in their court. And they would be right when it comes to choosing which offer to accept, the closing date, or even which improvements the seller is willing […]

The latest report from Freddie Mac shows that the 30-year fixed-rate mortgage averaged 3.61% last week, slightly down from the week before (3.66%), and nearly 20 points lower than a year ago (3.80%). This is great news for homebuyers who are dealing with rising prices due to a low inventory of homes for sale in many […]