A look back at real estate market shows that timing matters
The Breakeven Horizon analysis from Zillow found that homeowners can still break even on a home purchase in less than two years, even while many buyers who bought 10 years ago have not broken even. The analysis, which looks both forward – at how buyers can expect the market to perform – and backward – at how buyers fared at different points in the housing crisis and recovery … [Read more...] about A look back at real estate market shows that timing matters
Mortgage rates not likely to rise soon, Freddie Mac chief economist says
Average fixed-rate mortgages moved lower last week, helping to keep buyer activity strong toward the close of the spring home-buying season, Freddie Mac said in its weekly mortgage market survey, released July 9. "Yields on Treasury securities declined this week in response to investor concerns about events in Greece and China," Freddie Mac chief economist Sean Becketti … [Read more...] about Mortgage rates not likely to rise soon, Freddie Mac chief economist says
Can you guess this LOCAL landmark?
Pending home sales maintain momentum in May
Pending home sales continued to rise in May and are now at their highest level in over nine years, according to the National Association of Realtors. Gains in the Northeast and West were offset by small decreases in the Midwest and South. The Pending Home Sales Index, a forward-looking indicator based on contract signings, climbed 0.9 percent to 112.6 in May from a slight … [Read more...] about Pending home sales maintain momentum in May