Weekly Economic Review: Existing Home Sales Drop, New Home Sales Jump

Posted by Laine Smith on 3/24/17 8:00 AM

In this week’s economic review, mortgage rates softened, existing home inventory improved and new home sales climbed, mostly due to softened pricing.

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7 Reasons Why You Shouldn’t Forgo Hiring a Real Estate Agent

Posted by Laine Smith on 3/11/17 10:00 AM

Think of all the tasks you no longer need to hire out. You don’t need a travel agent to book a vacation. You don’t need to hire a web developer to design a website. So in a DIY age with the world of real estate readily available at your keyboard, do you really need a real estate agent? Yes. Here’s why.

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Weekly Economic Review: February Job Growth Thrives, Mortgage Rates Increase

Posted by Laine Smith on 3/10/17 9:57 AM

In this week’s economic review, mortgage rates increased, consumer spending jumped in February, and booming job growth boosted the likelihood of Fed rate hike in March.

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Building the Millennial Dream Home: What Home Features This Generation Wants in 2017

Posted by Laine Smith on 3/4/17 9:27 AM

Millennials made waves in the 2016 housing market as the largest generational percentage of homebuyers. They were more likely to skip over traditional starter homes and more likely to consider purchasing a new build. See what home features this young generation of homebuyers would choose when given an array of options.

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Weekly Economic Review: Pending Home Sales Disappoint, Consumer Confidence at Post-Election High

Posted by Laine Smith on 3/3/17 10:00 AM

In this week’s economic review, mortgage rates declined while the pending home sales index offset the outlook for future existing home sales. Reports released this week also highlighted consumer confidence, as well as confidence in the job market.

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Housing Market Trends: Why Millions of Americans Are Opting for Multigenerational Households

Posted by Laine Smith on 3/1/17 10:00 AM

The jolt of the recession affected the housing market in many ways, but a 2016 study says that one of those effects may become a longer-term housing market trend. In the economic downturn, adults lost their homes and adult children “boomeranged” home after college, and for some, living with multiple generations under one roof became commonplace. But as the economy has rebounded, multigenerational homes have become even more popular, stimulating a brand new market that is much more than a guest bedroom for in-laws over the holidays.

 

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Weekly Economic Review: January Home Sales Hit a Stride Despite Limited Inventory

Posted by Laine Smith on 2/24/17 9:43 AM

In this week’s economic review, new and existing home sales saw opposite results heading into 2017 while home prices in both indexes saw losses. The Fed released minutes from their most recent meeting, which suggested the likelihood of another interest rate hike.

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5 Tips for House Hunting in a Market with Low Inventory

Posted by Laine Smith on 2/22/17 9:00 AM

Low existing home inventory isn’t new housing market issue. Low mortgage rates and rising home values have made many real estate markets extremely competitive with homes selling above listing price within a matter of days. According to the most recent existing home sales report, inventory is at its lowest in nearly two decades. Here’s how you can prepare for buying a home when inventory is tight.

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Weekly Economic Review: Consumer Prices Hit Largest Gain in 4 Years, Home Builder Confidence Falls

Posted by Laine Smith on 2/17/17 9:14 AM

In this week’s economic review, January’s consumer prices hit a stride, retail sales increased and home builder confidence slipped. Mortgage rates eased slightly.

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Weekly Economic Review: Mortgage Rates Drop Again, Home Builders Confident Heading Into New Year

Posted by Laine Smith on 1/20/17 10:17 AM

This week’s biggest economic news stories centered on dropping mortgage rates, housing market confidence and the consumer price index.

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