There’s a bit of a fracas brewing in Arizona’s Real Estate market but that’s nothing unusual for this time of year, in fact Arizona perfectly reflects similar activity throughout the country. Low resale inventory, sluggish turn-times for New Construction homes, low interest rates gradually evaporating, and a steady stream of home buyers entering the market… Read More
Refinances down but new mortgages are up. I’m not at all convinced that the recent indifference toward mortgage refinancing has anything to do with rising interest rates. I’m more inclined to assume that because low mortgage rates have been around for an extended period of time, most everyone who wanted to refi has already done… Read More
Housing Industry Growth Unclear as the Nation Awaits Policy Decisions. Housing affordability, as in any market, is controlled by supply and demand. Currently, at least in the affordable housing sector, demand is exceeding supply. This news isn’t all bad however. Home Sellers are experiencing the advantage known as ‘Seller’s Market’ for the first time in… Read More
And the Winner is… The Number 1 Influence on 2017’s Real Estate Market The facts of financing are undeniably influential but the nuances are really what shape the Real Estate Market. Mortgage interest rates rise and fall regularly, and though we’ve had several interest rate drops in recent weeks, all the news is about rising… Read More
Will Mortgage Rates Rise in December? All Fed Signs Point to Yes. By Suzanne De Vita The Federal Reserve kept the benchmark rate unchanged on Wednesday, in a divided vote that alludes to the possibility of a hike before the end of the year. “The Committee judges that the case for an increase in the… Read More
Following the housing market’s best year since the recession, existing-home sales are expected to increase in 2016 at a moderate pace; although affordability pressures from inventory shortages and rising mortgage rates could slow the potential for even stronger sales momentum, according to an economic forecast forum held last week at the 2015 REALTORS® Conference &… Read More
