The Takeaway: Despite the overwhelmingly pervasive information circulating to the contrary, a great number of potential home Buyers still believe that they need a 780 FICO® score and a 20% down payment, in order to qualify for a home purchase. This misinformation of course then deters many would be homeowners ...
Continue ReadingThe Takeaway: Lauren Yun, Chief Economist for NAR, reported in his June 2017 address that Existing Home Sales reached their 3rd highest point in 10 years. Low Inventory now continues into its 24th consecutive month of year-over-year decline. This lack of market inventory has caused sales volume to drop by ...
Continue ReadingThe Takeaway: For what is now the 62nd month straight, there was an increase in the median Existing Home prices. We are currently at a median $244,800. This denotes an increase of 6.0% over last year. Existing and New Home sales decelerated, after a brief surge in March, partly ...
Continue ReadingWith the peak buying and selling season virtually upon us, now would be an opportune time to review what chief economists and data solution providers are saying about where the current real estate market is headed: Doug Duncan, Fannie Mae Chief Economist “Positive demographic factors should continue to reshape the ...
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