According to the Mortgage Bankers Association's latest data, mortgage application volume increased 8.9 percent over the previous week, and 5.7 percent annually.
The peak spring season is nigh in real estate, and as sellers prepare to list their homes, they'd do well to keep the following best practices in mind to maximize profits.
Based on data analysis of home values, days on market, share of homes sold at a loss, closing costs, and the number of local real estate offices, a new study ranks the best sellers markets in the U.S. today.
A new opinion piece claims that housing may be in for a boom period, following the Fed's new, dovish policy to halt interest rates hikes for 2019, and February's strong existing-home sales data.
In February, tight supply of existing homes undercut potential sales for these homes at a 2.9 percent seasonally adjusted annual rate, totaling 153,000 in lost sales, per the latest data from First American.
While supply is ticking up, interest rates are down, and home value growth is slowing, homebuyers still face a major headwind in the spring market: a lack of affordability.
A new study by the National Bureau of Economic Research (NBER) analyzes investment risk, trends, and behaviors, finding that real estate may be a better investment than stocks.
According to the latest seasonally adjusted index data from the Mortgage Bankers Association, total mortgage application volume increased 1.6 percent last week over the previous week.