Potential Homeowners Optimistic About Housing Market
Over the past couple of years, many people at “homeowner age” shied away from making this major purchase, either due to financial reasons or instability in the housing market. Yet, a recent Gallup Poll, reported by Mortgage News Daily, shows that 49 percent of non-homeowners plan to buy property over the next five years. Results…
U.S. Housing Market Trends for 2017
When it comes to the housing market, the recent appointment of president-elect Donald Trump has ushered in a wave of trepidation, with higher rates right up front. Although this factor is predicted to make a significant impact over the next year, analysts have predicted the following trends. 1. Stronger Sales: For a number of reasons,…
Mortgage Rates Reach New High for 2016
The lull of mortgage rates under four percent in 2016 has officially come to an end. Based on Freddie Mac’s December 8th Primary Mortgage Market Survey, rates on a 30-year, fixed-rate loan reached a two-year high. The increase, following a six-week pattern, takes that rate up to 4.13 percent from 4.08 percent the previous week….
Will a Trump Presidency Change the Real Estate Market?
Ever since Donald Trump became US president elect, real estate analysts have wondered what could result from his appointment. Could the housing market take a tumble? Could lending open up because of his policies? While climbing interest rates have indicated an early sign of change, several experts have already made predictions. 1. Stagnancy In New…