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Despite Challenges Outlook Sees Growth Ahead

Edward McNulty Real Estate Leave a Comment

The housing market is always evolving – and at different rates depending on where you live. Whether you’re looking at new home construction or mortgage rates, the numbers are always in flux. Because of this, Fannie Mae’s monthly Economic & Strategic Research Group releases a monthly Economic and Housing Outlook to analyze where things may be headed. According to their …

for-sale-18

Buying A Home Remains An Affordable Choice

Edward McNulty Real Estate Leave a Comment

Despite rising prices and higher mortgage rates, an analysis of homes sold during the final quarter of 2016 found that 59.9 percent of both new and existing homes were affordable to a family earning the median income of $65,700. The numbers – from the National Association of Home Builders Housing Opportunity Index – show that the majority of homes available …

for-sale-18

Buying A Home Remains An Affordable Choice

Despite rising prices and higher mortgage rates, an analysis of homes sold during the final quarter of 2016 found that 59.9 percent of both new and existing homes were affordable to a family earning the median income of $65,700. The numbers – from the National Association of Home Builders Housing Opportunity Index – show that the majority of homes available …

sold

59 Million Americans Say They Want To Buy

Edward McNulty Real Estate Leave a Comment

A recent survey conducted by Princeton Survey Research Associates says 59 million Americans are considering buying a home this year. That’s roughly one in four adults. Conducted on behalf of Bankrate, the survey shows the strongest demand among parents with young children and adults between the ages of 27 and 52 – not surprising considering the lower-than-usual number of first-time …

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Homeownership Still A Dream For Americans

Edward McNulty Real Estate Leave a Comment

Homeownership has long been seen as a big part of achieving the American dream. And that hasn’t changed, according to recent data from the National Association of Realtors. An analysis of their Housing Opportunities and Market Experience survey found that 87 percent of non-homeowners said they want to one day own a home of their own and 80 percent of …

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How Long Does It Take To Break Even On A House?

Edward McNulty Real Estate Leave a Comment

Conventional wisdom says, after buying a house, you should stay there at least five years before selling. The reason is that, due to the substantial upfront costs of buying a home – including the down payment, closing costs, etc. – you need to allow yourself some time to build up equity in order to recoup that money. However, the exact …

prices

Home Price Index Shows Continued Gains

Edward McNulty Real Estate Leave a Comment

Home prices were up 5.6 percent year-over-year, according to the latest results from the S&P CoreLogic Case-Shiller U.S. National Home Price Indices. Considered the leading measure of U.S. home values, the index found prices relatively flat month-over-month but up on an annual basis. Seattle, Portland, and Denver reported the sharpest increases but, in total, eight of the 20 included cities …