2015 is starting out with a strong economy and that trend is expected to continue, according to Fannie Mae’s Economic and Strategic Research Group. The strengthened employment sector and income growth are two indicators to note, as they go hand-in-hand with consumer spending and home ownership. The economy is predicted […]
2015 has only just begun and yet the market is already showing signs of rapid growth. In fact, in January pending home sales rose to their highest level since the summer of 2013 according to the National Association of Realtors. This includes the northeast United States. For the most part, […]
Now that 2014 has ended, let’s take a quick look at the local housing market in Central Pennsylvania’s Susquehanna River Valley over the past year. Lower Sales Volumes and Sales Prices We saw slightly lower sales volumes over the course of the year and the average selling prices were down […]
Here are some other housing market trends that we foresee in the coming year: Low Interest Rates Will Continue…but not Forever As mentioned in a previous blog post, interest rates are at all-time lows, but are predicted to creep back up to 5% by the middle and end of 2015. […]
Happy New Year! We are pleased to report that 2015 ushers in interest rates that are at the lowest levels in years. Now is a great time to refinance your current home loan or to put your home on the market for sale. Either scenario will be a win-win. Buyers […]
According to a recent Consumer Outlook Survey, overall consumer optimism may translate to a strong ending to 2014 in the housing market. The survey interviewed Americans who are currently in the market to buy or sell a home. A substantial eighty-two percent say housing is moving in a positive direction […]
In June, we posted five market insights for summer. Now that summer is waning, how does the housing market look now? Let’s take a look. Loan Rates If you’ve been preparing to buy a home, but haven’t made the leap quite yet, good news – interest rates remain competitive locally. […]
If you’re thinking about selling a home, the condition of the local market is of great importance. As you make the decision to list your property, consider these insights: May to August Did you now that sixty percent of homes in 2014 will be bought and sold from May to […]
As of January 10, there have been some significant changes to the nation’s mortgage rules. We wanted to take this opportunity to summarize them for you: Rule #1: Ability-to-Repay This rule ensures that lenders will be ask potential homebuyers for proof of income or assets. As Richard Cordray, Director of the […]
Homebuilders are ramping up new-home construction at the fastest pace in more than five years, the Commerce Department reported in early December. Construction of single-family homes and apartments in November rose to a seasonally adjusted annual rate of 1.09 million, a 23 percent increase over October’s pace. It marks the […]
