Posts Categorized: Homebuyer’s

Low Home Inventory Still Driving Prices Higher

Low Home Inventory Still Driving Prices Higher

Low home inventory continues to drive up prices in the real estate market this spring. The median home listing price in March reached $280,000, a 2% increase since February and an 8% year-over-year increase, according to the latest figures from realtor.com. “Never in history have more eyes been on fewer homes,” stated realtor.com’s director of… Read more »

5 Most Affordable Housing Markets in the U.S

5 Most Affordable Housing Markets in the U.S

Not all housing markets are equal. While the majority of markets across the country are strong, some are a lot more competitive than others. That also means some markets are a lot more affordable than others, but that’s based on more than just home prices alone. A new report from NerdWallet reveals the most and… Read more »

4 Reasons More Millennials Are Buying Homes

4  Reasons More Millennials Are Buying Homes

More millennials are buying homes. But that’s not all. According to a new survey, the majority of millennials also believe that homeownership is part of the American Dream. A report from Trulia said that 73% of millennials – the generation of young people who are now between the ages of 18-34 – said they believe… Read more »

A True Digital Mortgage Solution Should Improve Customer Satisfaction

A True Digital Mortgage Solution Should Improve Customer Satisfaction

Ellie Mae recently announced that it has acquired Velocify, a cloud-based intelligent sales automation system, so that it can more quickly deliver a true digital mortgage solution to lenders of all sizes. Digital mortgages are reportedly a high priority for consumers who want faster mortgage application processing. A recent survey by Ellie Mae, for example,… Read more »

Typical Mortgage Payments Are Up

Typical Mortgage Payments Are Up

There’s been a lot of attention paid to higher home prices this year. However, home prices aren’t all that are up. Typical mortgage payments are up by 11% over last year because of higher mortgage rates, according to a new article by CoreLogic.The typical mortgage payment is expected to rise another 13% in the coming… Read more »

New Homes Priced Too High for First-Time Homebuyers

New Homes Priced Too High for First-Time Homebuyers

While builders are starting to increase their volume of new homes, a recent article in Consumer Affairs stated that new homes are still out of reach for most first-time homebuyers simply because of their prices. Prices for both existing and new homes have been steadily rising in recent months because the demand for houses, driven… Read more »

D.C. Home Prices Hit Record High

D.C. Home Prices Hit Record High

D.C. home prices reached a record high in May, when the median sales price of homes in the city reached $599,000, according to MarketStats from Showing Time.This is reportedly the highest median home sales price ever for the city and is 5% higher than May of 2016. The median home price in D.C. was more… Read more »