Housing Prices Increasing In Spite of Low Inventory

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In: New Home Mortgage News

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Purchasing a home has never been simple, however, the leap in deal costs throughout the most recent two years has become burdensome for purchasers. “The normal cost increment last year was more than 20% in every classification,” said Melissa Pernille,Continue Reading

New Home Purchase Applications Dropped by Double Digits In January

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In: Mortgage News

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The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) information for January 2022 shows that contract applications for new-home buys diminished by 12.5% versus a year prior.  Contrasted with December 2021, nonetheless, applications expanded by 10%. This change does excludeContinue Reading

With Low Houses on Sale the Cost Of Homes Increased

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In: Realtor News

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The National Association of Realtors reports that the middle cost for a house was simply more than $350,000. “At present, when a home comes available, there are intermittently different offers. It’s extremely serious,” real estate agent Boyd Williams said. IfContinue Reading

Mortgage Applications fall by 5%

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In: New Home Mortgage News

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The housing market generally warms up during spring. However, after months of frantic buying, there are signs that it may finally be slowing down.  There was a decrease of 5% recorded in the number of mortgage applications compared to theContinue Reading