Case Shiller: Home Prices Rise at Fastest Pace Since 2005
March readings for S&P CoreLogic Case-Shiller Home Price Indices rose to their highest level since 2005 in March. National home prices rose by 13.20 percent year-over-year as compared to February's reading of 12.00 percent growth. The Case-Shiller 20-City Home Price Index reported average year-over-year home price gains of 13.30 percent in March. Phoenix, Arizona continued to lead the 20-City Index with a year-over-year home price growth of 20 percent. San Diego, California followed with home price growth of 19.10 percent; Seattle, Washington reported year-over-year home price growth of 18.30 percent.
What’s Ahead For Mortgage Rates This Week – June 1, 2021
Last week's economic reports included readings on home price growth, new and pending home sales, and inflation. Weekly readings on mortgage rates and jobless claims were also released.
Photography Tricks To Watch Out For When Buying A Home Online
With COVID and social distancing keeping people apart, buying a home unseen in person has become a real challenge. Digital tools and online presentations of homes for sale have ramped up in response, making it possible to see properties with both static images/photos and with "360 degree" views or interactive walkthroughs. However, these are not real-time images of the home itself. They are professionally-developed representations of a property, and a lot of software work goes into making those images marketing ready.
How Does A Change In Mortgage Rates Impact A Family’s Housing Budget?
The housing market is extremely competitive right now because mortgage rates are still near record lows. While mortgage rates are rising this year, the rates are still attractive to many individuals and families who are looking to buy a home. At the same time, when mortgage rates change, families need to reassess their budgets. A change in mortgage rates will impact the monthly mortgage payment, so families need to know what they can afford.
Pantone Colors: Should You Repaint Before You Sell?
Pantone is a universal language of color that you can use to select beautiful colors to paint the home. Interestingly, each year, Pantone selects a color of the year that embodies what's happening in society. In 2021, the Pantone color of the year was awarded to two colors, Illuminating 13-0647 and Ultimate Gray 17-5104. These two colors highlight how two different elements can come together and support each other. This is the thought behind selecting them based on what has occurred over the last year.
In The Current Housing Market, Prospective Buyers Must Remain Patient
The housing market has been through many ups and downs during the past 12 months. Now, buyers are facing a unique challenge as they try to find the right house in the perfect seller's market. Right now, real estate is extremely competitive, as low inventory has continued for several months.
What’s Ahead For Mortgage Rates This Week – May 24, 2021
Last week's economic reporting included readings from the National Association of Home Builders, data on sales of existing homes, and reports on housing starts and building permits issued. Weekly readings on mortgage rates and jobless claims were also released.
Top 8 Things New Homeowners Need
Moving into your first home is an exciting experience, but it can also be overwhelming. To manage the move properly, you need a wide variety of tools you may never have considered before. You may not realize you should have purchased a certain item until you need it.
Boost Your Home’s Curb Appeal and Get a Quick Sale with These 3 Tips
Curb appeal is important in the home sales process, and this is because it will impact the overall first impression that potential home buyers have about the property. Some homeowners can easily spend a small fortune and a considerable amount of time improving curb appeal, but others may be looking for faster and easier results. The good news is that boosting curb appeal is easy and affordable to do when these three tips are followed.
Buying a Home Where Someone Passed Away
A key factor that often drives the sale of new homes versus existing ones tends to be cultural. Rather than being financially-driven or associated with location factors, many homebuyers will steer clear of existing homes where someone has passed away. The primary fear tends to be concerns about a leftover spiritual residual in the home that could affect the new homeowners. Despite the abundance of TV shows about ghost-chasers and similar, the stigma of a dead person's home has been around for centuries and is still alive and well today.
Family Matters: How to Choose the Perfect Home for a Large or Growing Family
Selecting the right home to purchase for a family is a monumental task, and this process can seem even more challenging for those with a large or growing family.
What’s Ahead For Mortgage Rates This Week – May 17, 2021
Last week's economic reports included readings on inflation, core inflation, and the University of Michigan's Consumer Sentiment Index. Weekly readings on mortgage rates and jobless claims were also released.