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.
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.
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.
This article written by Devon Thorsby for U.S. News provides valuable insights on real estate market trends for 2019. Whether you are a seller, buyer, or renter, the article is an easy read and provides details about how the housing market could affect you in 2019.
According to a recent article written by Devon Thorsby for usnews.com, the increase in home purchase and rental prices are causing many to be displaced from the neighborhoods they have lived in for years. The article is filled with valuable information including ways to fight being forced from your community by becoming a more active member in it.
Most homeowners today have considered adding solar to their home. The federal government and some states offer incentives to encourage property owners, both residential and commercial, to consider this upgrade to their property.