Monthly Archives: May 2017

Home Sales Hit a Wall

A miasma of ennui appears to have enveloped the housing market over the past month or so, at least if we go by the national numbers. Sales (and starts) have gone south recently after heading north to start 2017.  The unexpected … Continue reading

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West Coast Inventory Lowest in Nation, While Prices Languish Elsewhere

The demand for housing around the U.S. has slightly outpaced the available supply of new and existing homes for the last few years. But certain markets have seen a much more dramatic crunch than others. This trend is particularly pronounced … Continue reading

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Optimism Reigns, and Rightfully So

The latest report on purchase applications for new homes produced a pearl-clutching moment for some market watchers. The MBA’s Builder Applications Survey for April 2017 showed new-home purchase applications dropped 4.3% compared with April 2016. Worse yet, applications were down … Continue reading

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Why Millennials Still Have Difficulties Finding a Home

Despite historically low interest rates and a growing economy, millennial homebuyers still run into obstacles when trying to buy a home. These days, millennial buyers simply can’t find a home to purchase. Inventory remains tight According to the National Association of Realtors, … Continue reading

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Spring Fever Takes Hold

This spring offers a dichotomy. On the one hand, we have seen an increase in housing and lending activity. Home sales are up (and up for 2017), and so are housing starts and residential investment. Purchase-lending activity has trended higher … Continue reading

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The Difference between Loan Officers at Banks and Private Lenders

Homebuyers on the hunt for a mortgage in 2017 have more options at their disposal than ever before. As always, name-brand banks continue to dominate the conversation regarding home loans. But increasingly, new homeowners are finding it easier and more cost … Continue reading

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The Normalization Trend Continues

The Wall Street Journal ran an article titled “Rent or Buy? More Young People Are Choosing Homeownership” last week. The Journal tells us that the first quarter saw more new households buy a home than rent one. This phenomenon hasn’t … Continue reading

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