Happy Labor Day weekend!
This summer’s real estate market has been a scorcher! Before you close out your season and enjoy the weekend, check in with the latest industry news and updates in the real estate resource roundup:
Home Values Are Not in Bubble Range
A new report observes home prices and finds there is no reason for alarm as prices seem to be in line with where they should be. Details here.
Pending Home Sales Inch Up 1.3% in July But Prices Still High
Homebuyers have made a comeback into the market but are upset that the price of homes are higher while the number of choices are lower. Learn more about the current market.
Increase In U.S. Home Prices Slightly Less Than Forecast
U.S. single-family home prices rose slightly less than expected on an annual basis this summer. Find out what the forecast looks like now.
Housing Markets Still Strongly Dominated By Sellers
Home prices have increased but people are concerned over the lack of monthly growth. This past June saw the fifth straight month of flat or decreasing year-over-year price gains, but homebuyers are still being challenged as prices outpace income growth. Get more information here.
Why Aren’t Mortgage Applications Higher?
More borrowers took advantage of low mortgage rates last week but housing experts say mortgage applications should be much higher. Total mortgage applications rose just 2.8 percent on a seasonally adjusted basis compared to the previous week, the Mortgage Bankers Association reports.
Looking To Buy A House This Fall? What To Consider
The U.S. Department of Commerce recently announced that new single-family home sales surged in July to a seasonally adjusted rate of 654,000 units – a 12.4% increase from June – thus reaching their highest level since October 2007. Find out what other factors Fall buyers should consider.
The Impact of Student Loan Debt On Housing
While student debt has risen, the homeownership rate has fallen, especially among younger generations. A recent survey reports that roughly two-thirds of non-homeowners with student debt said they are not comfortable also paying for a mortgage.
In case you missed it here on Clean Slate, we shared how to use your real estate website to reach more clients. As always, be sure to follow #BHGRE on Facebook and Twitter for more updates.