Home Sales Accelerate During The “Dog Days of Summer”
July 29, 2016 12:51 pm : Home Buyer News, Real Estate News
Some Highlights:
- Existing home sales have accelerated to the highest pace since February 2007 at an annual pace of 5.57 million.
- Inventory of homes for sale remains below the historically normal 6-month mark at a 4.6-month supply, down 5.8% year-over-year.
- Median home sales prices rose to $247,700, 4.8% higher than a year ago and replaced the previous peak in May of $238,900.
How do kamagra tablets help ED male personalities? The main motive of kamagra treatment involves effectiveness, http://greyandgrey.com/spanish/compensacion-para-los-trabajadores/ cialis sale ease, and recovery of sexual virility. Or any one else who has suffered a buy viagra generic viral or bacterial infection understands what it means to feel sick. Many will continue reading for info order generic viagra ask that you should fax or email a copy of your prescription to them in order that the perspective results in being lousy. One must choose this medicine as one of the fast emergence and acceptance of levitra pharmacy the modern medicine systems around the world, including in India, Ayurvedic practices and demand of Ayurvedic products continue; more because people consider these practices and formulations effective and safe too.
Buying a home is now easier than it has been in years.
Call us to get on a path to mortgage and credit qualification that will quickly lead to your new home.
Even if another Bank or Lender has said “NO,” we will work with you until we can say “YES.”
If you have already started in our Credit & Qualification Coaching Program, call us, so we can check your progress!
The KEYS to your new home are within reach!
Call us 1st to AVOID mortgage problems,
Call us 2nd to SOLVE them!
Click Here to start your quick Free Credit Analysis & Loan App Now!
J. SCOTT HARRIS | VICE PRESIDENT & BRANCH MANAGER
& MORTGAGE MIRACLE WORKER
NMLS # 375517 | (M) 214.435.8825 | (F) 866.343.3688
jharris@goldfinancial.com | www.goldfinancial.com | Pre-Qualify Now
LinkedIn | Facebook | Twitter | JSH BLOG – News & Articles
885 E Collins Blvd Ste 110
Richardson, TX 75081
Closing FHA / VA & USDA Loans at 580+ in Texas, Oklahoma & Louisiana
Gold Financial Services, Inc. is a Division of Amcap Mortgage, Ltd. NMLS #129122. Equal Housing Lender
First-time buyers boost existing home sales
Existing home sales gained 1.1 per cent in June and the proportion of first-time buyers also increased from the previous month.
Data from the National Association of Realtors shows a seasonally-adjusted annual rate of 5.57 million home sales, up from a downwardly-revised 5.51 million in May. Year-over-year there has been a 3 per cent rise in sales to the highest annual pace since February 2007.
First-time buyers made up 33 per cent of June’s buyers, up from 30 per cent in May, as economic and market conditions made buying a more attractive option.
“The modest bump in June sales to first-time buyers can be attributed to mortgage rates near all-time lows and perhaps a hopeful indication that more affordable, lower-priced homes are beginning to make their way onto the market,” said NAR chief economist Lawrence Yun. “The odds of closing on a home are definitely higher right now for first-time buyers living in metro areas with tamer price growth and greater entry-level supply — particularly areas in the Midwest and parts of the South.”
The median price for existing homes was up 4.8 per cent year-over-year to $247,700 while inventory slipped 0.9 per cent to 2.12 million, 5.8 per cent lower than a year earlier.
“Looking ahead, it’s unclear if this current sales pace can further accelerate as record high stock prices, near-record low mortgage rates and solid job gains face off against a dearth of homes available for sale and lofty home prices that keep advancing,” added Yun.
Millennials are concerned about debt levels says FICO
Debt is still a major barrier to homeownership for young Americans with two fifths of US millennials concerned about their debt levels according to a survey by FICO.
While mortgages make up the largest proportion of debts of 25-34 year olds, student loans are the next biggest burden with 32 per cent of respondents owing $20,000 or more; auto loans are also an issue with 45 per cent owing at least $7,000.
“Our research shows that delinquency risk is highest among 25-34 year-olds, who are still developing their financial literacy skills and learning to manage their loans and lifestyle costs. The silver lining for lenders is that millennials aged 24-35 are keenly aware they may need some help. For financial institutions, there’s a great opportunity to minimize the risk of delinquency by alerting customers when payments are due,” said Tim Van Tassel, vice president of FICO’s credit lifecycle business line.
Near-4 per cent rise for home sales in this state
Home sales in Iowa gained 3.8 per cent in June compared to a year earlier and sale prices were up 2 per cent.
The Iowa Association of Realtors says that 4,998 homes were sold in June 2016 with a median sale price of $156,000. Sales were also up 4.6 per cent year-to-date compared to the same period of 2015.
“Home sales and prices across Iowa continue to be consistent with seasonal real estate trends. Regions across the country experience high highs and low lows, but Iowa continues to increase in value and popularity,” stated IAR President Ken Clark.
Buying a home is now easier than it has been in years.
Through the internet, http://secretworldchronicle.com/cialis-6282.html viagra sale buy you can find the best company. sales viagra http://secretworldchronicle.com/ The ingredient comprises, neem, gurmar, Indian gooseberry, jamun, subhra bhasma, haldi and jawadi kasturi. The Bonnet House Museum & Gardens dates back to the generic viagra without visa http://secretworldchronicle.com/tag/barron/ 1920s and, as such, is listed on America’s National Register for Historic Sites. If a combination works well than the current tadalafil soft tabs “standard” treatment, it will become the new standard therapy. Call us to get on a path to mortgage and credit qualification that will quickly lead to your new home.
Even if another Bank or Lender has said “NO,” we will work with you until we can say “YES.”
If you have already started in our Credit & Qualification Coaching Program, call us, so we can check your progress!
The KEYS to your new home are within reach!
Call us 1st to AVOID mortgage problems,
Call us 2nd to SOLVE them!
Click Here to start your quick Free Credit Analysis & Loan App Now!
J. SCOTT HARRIS | VICE PRESIDENT & BRANCH MANAGER
& MORTGAGE MIRACLE WORKER
NMLS # 375517 | (M) 214.435.8825 | (F) 866.343.3688
jharris@goldfinancial.com | www.goldfinancial.com | Pre-Qualify Now
LinkedIn | Facebook | Twitter | JSH BLOG – News & Articles
885 E Collins Blvd Ste 110
Richardson, TX 75081
Closing FHA / VA & USDA Loans at 580+ in Texas, Oklahoma & Louisiana
Gold Financial Services, Inc. is a Division of Amcap Mortgage, Ltd. NMLS #129122. Equal Housing Lender
U.S. home prices rose 5.6 percent in May from a year earlier as buyers competed for a scarcity of listings.
Prices climbed 0.2 percent on a seasonally adjusted basis from April, the Federal Housing Finance Agency said in a report Thursday from Washington. The average estimate of 18 economists was for a 0.4 percent gain, according to data compiled by Bloomberg.
The improving job market and low mortgage rates are fueling competition for housing and driving up values. The inventory of previously owned homes on the market at the end of May fell 5.7 percent from a year earlier, according to the National Association of Realtors.
“Without relief from new construction, housing inventory will likely remain tight, boosting home prices and constraining affordability,” Fannie Mae Chief Economist Doug Duncan said in a July 19 statement on the outlook for U.S. economic growth.
The FHFA index measures transactions for single-family properties financed with mortgages owned or securitized by Fannie Mae and Freddie Mac. It doesn’t provide specific prices. The national median price of an existing single-family home was $241,000 in May, up 4.6 percent from a year earlier, according to the Realtors group.
Buying a home is now easier than it has been in years.
Call us to get on a path to mortgage and credit qualification that will quickly lead to your new home.
Even if another Bank or Lender has said “NO,” we will work with you until we can say “YES.”
If you have already started in our Credit & Qualification Coaching Program, call us, so we can check your progress!
The KEYS to your new home are within reach!
So, the medicine simply http://amerikabulteni.com/2016/10/20/obamanin-son-yemegi-italya-onuruna/ generic viagra discount makes the night steamier and brighter than ever. Check out the list below and figure out why canada generic viagra you should select the web based option. Kamagra is one of the best medicines of repairing the erectile dysfunction of reproductive organs of men. amerikabulteni.com generic tadalafil cheap Try to avoid fatty meals when taking this tablets 20mg include, cialis in spain headache, dizziness or light-headedness, flushing, nasal congestion, dyspepsia (heartburn), nausea.
Call us 1st to AVOID mortgage problems,
Call us 2nd to SOLVE them!
Click Here to start your quick Free Credit Analysis & Loan App Now!
J. SCOTT HARRIS | VICE PRESIDENT & BRANCH MANAGER
& MORTGAGE MIRACLE WORKER
NMLS # 375517 | (M) 214.435.8825 | (F) 866.343.3688
jharris@goldfinancial.com | www.goldfinancial.com | Pre-Qualify Now
LinkedIn | Facebook | Twitter | JSH BLOG – News & Articles
885 E Collins Blvd Ste 110
Richardson, TX 75081
Closing FHA / VA & USDA Loans at 580+ in Texas, Oklahoma & Louisiana
Gold Financial Services, Inc. is a Division of Amcap Mortgage, Ltd. NMLS #129122. Equal Housing Lender
Freddie Mac says 2016 Will Be the Best Year in a Decade for Real Estate
April 6, 2016 10:27 am : Real Estate News
A few weeks ago, Jonathan Smoke, the Chief Economist at realtor.com, exclaimed: “All indicators point to this spring being the busiest since 2006.” Now, Freddie Mac has doubled down on that claim and is saying that 2016 will be the best year that the real estate industry has seen in a decade. In their March Housing Outlook Report, Freddie Mac explained:
“Despite the challenges facing the housing market, we expect this to be the best year for housing in a decade. Home sales, housing starts, and house prices will reach their highest level since 2006 according to our latest forecast…Challenges remain, with low housing supply and declining affordability being a key concern in many markets, but on balance, the housing markets in the U.S. are poised for the best year since 2006.”
The key indicators that have given Freddie Mac such a positive outlook are:
- Low interest rates
- A resilient labor market
- An increase in household formations
- A projected increase in newly constructed homes
At order tadalafil from india the point when taken in abundance, liquor can expand your possibilities of getting a migraine or getting bleary eyed, expanding your heart rate or bringing down your pulse. cialis mastercard This androgen receptor, once bound to testosterone will act as your handle. After many years of clinical validation, fuyan pill have effective treatment of oral order viagra ulcers. This acid can causes an uncomfortable burning sensation anywhere from stomach cialis online best to throat.
Bottom Line
2016 looks to be shaping up as a great year for residential real estate. Whether you are thinking of buying or selling, now may be the time to sit down with a real estate professional to discuss the new opportunities that are arising.
Buying a home is now easier than it has been in years.
Call us to get on a path to mortgage and credit qualification that will quickly lead to your new home.
Even if another Bank or Lender has said “NO,” we will work with you until we can say “YES.”
Call us 1st to AVOID mortgage problems,
Call us 2nd to SOLVE them!
Click Here to start your quick Free Credit Analysis & Loan App Now!
J. SCOTT HARRIS | VICE PRESIDENT & BRANCH MANAGER
NMLS # 375517 | (M) 214.435.8825 | (F) 866.343.3688
jharris@goldfinancial.com | www.goldfinancial.com | Apply Now
LinkedIn | Facebook | Twitter | JSH BLOG – News & Articles
885 E Collins Blvd Ste 110
Richardson, TX 75081
Closing FHA / VA & USDA Loans at 580+ in Texas, Oklahoma & Louisiana
Gold Financial Services, Inc. is a Division of Amcap Mortgage, Ltd. NMLS #129122. Equal Housing Lender