More Americans think that now is a good time to buy a home, according to the Fannie Mae Home Purchase Sentiment Index® (HPSI) from February 2017. The survey of 1,000 consumers reached an all-time high of 88.3%, indicating the strongest consumer confidence in real...
Market Trends
Rising Rents Hamper Would-Be Home Buyers
A large portion of Americans remain burdened by rental costs, according to the 2017 State of the Nation’s Housing Report, published by the Joint Center for Housing Studies at Harvard University. The report shows that while homeowners are enjoying the benefit of rising...
Are Rising Home Prices Sign of a New Housing Bubble?
The S&P CoreLogic Case-Shiller home price index reached an all-time high during 2017, and prices are still rising in most U.S. metros. As of August, home prices in the U.S. marked a 6.1% annual gain, beating the expectations of economists. The ongoing rise of...
Housing Insecurity Pressuring More Americans
Many of today's renters hope to become home buyers, but the escalating cost of rent is making the transition harder to accomplish. According to a recent article in Money magazine, U.S. apartment rents have jumped 18% over the past five years. Without adjusting for...
Buying a Home in a Seller’s Market
Rising home prices, multiple offers and short days-on-market are the norm in many locales, causing special frustration for first-time home buyers! While market conditions can be challenging, home buyers can succeed by following some good advice. Here are tips to help...