From Realtor Magazine The 30-year fixed-rate mortgage stayed at its record low this week, offering an opportunity for home buyers to lock in the lowest rate in Freddie Mac’s records dating back 50 years. The 30-year fixed-rate mortgage averaged 3.13% this week. The mortgage market has seen a resurgence in applications for home purchases in […]
Category Archives: Real Estate News
U.S. home prices grew 5.5% in April despite pandemic
This may not be great news for buyers, but it is good news for the health of the housing market. With demands at an all time hifh, and supply relatively low, housing prices are steadily growing. We think this will be a continued trend as many families are leaving their city dwellings for the comfort […]
Single Family Housing Demand – What the changing market looks like.
The majority of the global population has spent a large part of their time at home over the past few months. This shift due to the coronavirus has far reaching implications for the housing market. What have homebuyers realized in terms of quarantining at home? What is missing in their location? The desire for space, […]
The Buyers Are Back
As the world starts to reopen, the housing market is following suit. Experts say that this summer will be hot for home buying – which means an increase in listing prices. Recent data collection from Housing Wire shows that there is signs of stabilizing. ““May’s home price data demonstrate the underlying strength of the U.S. housing market […]
52% of Builders Used Incentives to Bolster Sales in May 2020
As the coronavirus continues to effect industries across the country, the real estate and homebuilding industries have been adapting to numerous challenges. From NAHB’s Eye On Housing – The NAHB/Wells Fargo Housing Market Index survey conducted in May 2020 reveals that 48% of single-family builders are not using incentives to bolster sales and/or limit cancellations. This of […]
Home-Builder Confidence Rebounds in May From Historic Decline as Industry Grows Optimistic About Post-Pandemic Home Sales
By Jacob Passy | May 18, 2020 The numbers: Confidence among home builders has recovered somewhat after last month’s record-breaking decline even as much of the country remains under stay-at-home orders because of the coronavirus pandemic. The National Association of Home Builders’ monthly confidence index rose seven points to a reading of 37 in May, the trade group said […]
Supreme Court rules that building codes cannot be copyrighted – What this means for design services.
By Antonio Pacheco Archinect News The decision could help make these codes more widely available for users, including architects, and might help advance the proliferation of design assistance services that use automated processes to plug building codes into Building Information Models and other design review software. In the decision, Chief Justice John G. Roberts Jr., writing for […]