The economic trends of the housing market over the last decade have been all over the place. Home prices were soaring until the year 2005, when they spiraled down at a fast pace. Home prices started to increase again in 2012. But, how strong is the housing recovery and what will home prices look like over the next decade? In …
Are you in the market to buy a home? The housing market is heating up and sellers are regaining control. Following are a few housing trends to consider: Low mortgage rates Currently, the 30 year fixed mortgage rate on the Zillow’s Loan Mortgage Marketplace is at 3.80 percent. Erin Lantz director of mortgages at Zillow said that even though the …
According to an analysis prepared by Trulia, compared to renting, buying a house is a better deal in every major US housing market so long as mortgage rates remain below 5.2 percent. Although the increasing interest rates will make homeownership unaffordable for some, the recent increase to over 4 percent isn’t expected to affect the housing activity. Mortgage rates increased …
Consumer confidence in the housing sector grew last month, marked by continued positive attitudes toward home price, rental price, and mortgage rate expectations, according to Fannie Mae’s December National Housing Survey results. The growing belief held by Americans that these housing indicators will climb in 2013 may inspire a boost in home purchase activity during the coming months. However, while …
