Average 30-Year Mortgage Rate Charges Above 4 Percent

The average 30-year, fixed mortgage rate charged to 4.04 percent this week, up from 3.99 percent the week prior, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The 15-year, fixed rate averaged 3.49 percent, up from 3.44 percent the week prior, while the five-year, Treasury-indexed hybrid adjustable rate averaged 3.46 percent, the same as […]

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Housing Starts Trip Up

But Could ‘Easily’ Exceed 1.3 Million This Year Home-building activity stumbled in December, with housing starts down 8.2 percent to a rate of 1,192,000, according to the latest data from U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts decreased 11.8 percent to 836,000. Starts for units in buildings […]

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Housing and Tax Reform: Where Could the Impact Land?

Homebuyers and homeowners are anticipating fallout from the Tax Cuts and Jobs Act, which has changed homeownership incentives, including the deductions for mortgage interest and state and local taxes. How deep the effect is hinges on location, according to new research. With the bill’s new provisions, the mortgage interest deduction (MID) is applicable to loans […]

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Buying Is Better Financially in More Than Half of Markets: Report

It is more affordable to buy a home than rent one in more than half of markets—but for how long remains uncertain, according to recently released research. In 54 percent of the over 400 counties analyzed by ATTOM Data Solutions, buying the median-priced home is more affordable than renting a three-bedroom one, according to ATTOM’s […]

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Confidence in Housing Subdued at Year-End

Confidence in housing was subdued in December in the Fannie Mae Home Purchase Sentiment Index® (HPSI), derived from Fannie Mae’s National Housing Survey® (NHS). The HPSI overall posted 85.8 in December, two percentage points lower than the month prior. “Consumers remained cautious in their housing outlook at the end of 2017, as tax reform discussions […]

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Infographic: How Recent Buyers Purchased Their Home

Demand and home prices are increasing, but that has yet to keep homebuyers out of the market. Here is how they did it:  For more information, please visit www.nar.realtor. For the latest real estate news and trends, bookmark RISMedia.com.

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In 2017, Multiple Offers Scored Sellers Thousands

Did you buy a home last year? Did you make an above-asking bid? Approximately 24 percent of for-sale homes in 2017 sold for higher than what they were listed for, according to an analysis recently released by Zillow. Five years ago, that figure was roughly 17 percent. The average gain for sellers? $7,000. “In the […]

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The Hottest Housing Markets This Year

Accelerating home prices. Expanding income and jobs. New residents. In 2018, the hottest housing markets will boast a combination of these factors, according to Zillow, which recently released its predictions for the year. The markets in Zillow’s top 10: San Jose, Calif. Raleigh, N.C. Seattle, Wash. Charlotte, N.C. San Francisco, Calif. Austin, Texas Denver, Colo. […]

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Again, U.S. at No. 1 for Foreign Investors in Real Estate

Foreign investors in real estate assign high importance to the potential for wealth and security—and according to new research, the U.S. is expected to offer both more than any other country in 2018. The U.S. was named the No. 1 nation for foreign investment in real estate in the annual survey by the Association of […]

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Appraisals Arrive Below Expected, but Not by Much

Appraisals arrived 0.5 percent below what was expected by homeowners in December, according to the latest Quicken Loans’ National Home Price Perception Index (HPPI). The latest Quicken Loans National Home Value Index (HVI) shows appraised values rose 6.17 percent year-over-year. Although the average appraisal continues to lag homeowner estimates, the gap between the two numbers […]

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