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The Current U.S. Housing Market Is A Homebuyer's Nightmare
Thursday, July 5, 2018 - 5:39pm | 738Read More...The housing market in the United States is red-hot. Strong demand is driving home values up all over the country, and the average number of days a home stays on the market has dropped to 35. All in all, there have been plenty of reasons for homeowners and sellers to cheer — but it has...
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The Highest Interest Rates In 7 Years Have Hurt Mortgage Applications
Wednesday, May 23, 2018 - 2:00pm | 366Read More...This morning we received updated data for US mortgage applications. The reading suggests that higher rates are in fact hurting applications. As shown below, the 30-year mortgage rate now sits at roughly 4.6%, the highest level in nearly 7 years. Higher rates have led to steady declines in...
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4 Ways To Play The Q2 Housing Recovery
Tuesday, April 10, 2018 - 11:03am | 1141Read More...The housing sector had fallen out of favor in the first quarter of 2018 with high prices, rising rents and interest rates doing the damage. However, a rebound is now palpable, with millennials contributing to most of the sector's gains. There has been an increasing shift in the population group...
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Is Adding A Home Warranty To Your Homeowners Insurance Worth It?
Monday, January 22, 2018 - 11:57am | 1189Read More...You sign the papers, hand over that down payment you've saved up and finally receive the keys to your new home. Now you can relax and enjoy homeownership. But two months later your air conditioner dies, and it'll cost thousands to fix. Should you have purchased a home warranty? What is a...
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Do Rising Mortgage Rates Affect Buying Power?
Friday, December 29, 2017 - 1:40pm | 1096Read More...Charisse Price had been mulling over buying her first home since the summer of 2016, but at the time the 34-year-old didn't feel particularly pressed about moving forward. Instead, she bought a long-desired luxury car and spent the ensuing months focused on replenishing her savings. As home...
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Homeowners Still Not In-Line With Reality Of Home Values
Tuesday, March 8, 2016 - 2:42pm | 463Read More...The most recent study by Quicken Loans Inc. of homeowner value perceptions revealed that the disparity between appraiser and homeowner opinions of home values widened in February for the first time in six months. While home values have generally increased since 2011, homeowners’...
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Homeowners Slightly More Realistic About Home Values In October
Wednesday, November 11, 2015 - 1:19pm | 494Read More...The latest data from Quicken shows that homeowners were slightly more realistic about home value estimates in October. Homeowners’ estimates of home values came in 2.0 percent above appraiser estimates in October, a slight month-over-month decline. U.S. housing prices in the West continue to...
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Why Are Baby Boomers Increasingly Attracted To Reverse Mortgages?
Tuesday, March 18, 2014 - 11:37am | 673Read More...U.S. baby boomers have found themselves in a bit of a squeeze. Not enough savings to fund retirement, but a desire to slow down and either work less -- or not at all. The answer, for an increasing number of boomers, is a vehicle known as a reverse mortgage. This trend is predicated on the...
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Does Homeownership Make Older Americans More Financially Secure?
Monday, November 25, 2013 - 5:27pm | 512Read More...Home is not just where the heart is; a study says it's also a stronghold of financial security for many older Americans. A new report by the Research Institute for Housing America (RIHA) – an organization sponsored by the Mortgage Bankers Association – said that, of the more than 47 million “...
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Skip the Realtor--Sell it Yourself
Thursday, December 17, 2009 - 3:14pm | 195Read More...The housing market is still quite depleted, as reflected in a disappointing drop in the NAHB/Wells Fargo Housing Market Index (HMI) caused by declining consumer confidence from both buyers and sellers. In order to save money and hopefully cut losses, many home owners are avoiding realtors and are...
