The Builder Confidence Index has been in existence for 35 years as a gauge of Builders confidence in the future of single-family home sales. The Index matched the all time record high from 1998.
Builder Confidence Index Matches All Time Record High
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June 2020 Hit Historic High Increase in Existing Home Sales
A recent article by CNBC.com provides an excellent overview of the details that report a historic increase in existing home sales in June over May. The key points they present include respected sources like the National Association of Realtors:
Pandemic Affects! April new home purchase mortgage applications down 25% from March
The impacts of the current Pandemic social distancing orders and essential only travel bans has affected all of our lives in different ways.
Refinance Loans Up Because Rates Are Down
The percentage of refinance loans increased to 55% in March, with growth occurring across every type of loan. The average interest rate for 30 year fixed rate loans in March was the lowest it has been since January of 2013.
Virtual Tours, Video-Chat, Digital Loan Services: The New Way To Buy A Home
Should you buy a home during the Covid-19 pandemic, and how can you buy a home when many areas across the nation are under stay-at-home orders.
Rate Cut May Be Coming
The professional mobile notaries at Notary Near You have chosen a career in the Real Estate industry, so we spend time researching current trends that may affect our customers.
Home Purchase Sentiment Index on the Rise
Fannie Mae’s November National Housing Survey rose 11 percentage points to a net of 32 percent, 9 points higher than in November 2018 and its highest point since March 2018.
Confidence in Home Purchase at Record High
Fannie Mae’s Home Purchase Sentiment Index (HPSI) hit a record high in July 2019, according to an article on FannieMae.com. They state that the increase results from “Confidence About Not Losing Job” as well as other factors.
Great Advice About Purchasing Vacation Rental Properties
Forbes.com article: Best Places To own A Vacation Rental Property in 2019 provides insight into the short-term rental profitability including the criteria to consider:
Sources Reveal A Shift to Buyer’s Market
For those who have considered buying a home, but have not yet pulled the trigger, this may be the year to make that move. After multiple years of a seller’s market, many sources reflect a shift to a buyer’s market.