Buying Costs Mount This Spring

March 14th, 2018
Are you looking to purchase this spring? The combination of increasing prices and rates is making the price tag steeper. The average monthly mortgage payment has risen by $168, or 12.7 percent, year-over-year, according to an analysis by realtor.com®. The...

Buyer Preferences This Spring? Standard

April 2nd, 2018
With inventory lower-than-low and prices rising, the market is anything but ordinary this spring. Buyers, nonetheless, are opting for traditional, according to realtor.com®. The average buyer is on the hunt for a three-bedroom, two-bathroom home, complete with a garage and...

Don’t Wait: Buying Will Cost More in Just One Year

November 12th, 2017
Are you on the fence about owning a home? It may be better to buy now than wait. The nation’s median home value is expected to grow by $6,275 to $208,975 just one year from today, according to Zillow, adding...

Rising Rates: Spoiling Homebuyers’ Plans?

February 27th, 2017
Homebuyers are concerned about the effect rising interest rates have on their ability to afford a home, but not enough to spoil their plans, according to a recent survey issued by Zillow Group Mortgages. Eighty-three percent of homebuyers who plan...

Square Footage Shrinks in Response to First-Time Homebuyers

January 14th, 2017
The average home built in 2016 was 2,634 square feet, smaller than homes built the year prior, per recent data by the U.S. Census Bureau. The downsize, according to the National Association of Home Builders (NAHB), is in response to...

Slipping Buyer Enthusiasm to Give Way to Modest Home Sales in 2017

December 14th, 2016
Enthusiasm among homebuyers has slipped in light of lacking affordability and steadily rising mortgage rates, a disposition expected to give way to a modest gain in existing-home sales in 2017, according to the National Association of REALTORS® (NAR) fourth quarter...

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