Posts with tag 'House sales'

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Don’t Disqualify Yourself… Over Half of All Loans Approved Have a FICO Score Under 750

October 17th, 2016 by Annette Depue

The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today's market.

One such study by the Wharton School of Business at the University of Pennsylvania, revealed that many Millennials have not yet considered purchasing a home, simply because they don't believe they can qualify for a mortgage.

The article quoted Jessica Lautz, the National Association of Realtors' Managing Director of Survey Rese...

Click Here to Read More...

Categories: Housing Market

Tags: homes, First Time Homebuyers, For Buyers, House sales, buyers, Finance

October
6

We Need More Newly Constructed Homes

October 6th, 2016 by Annette Depue

The number of new home sales is far off historic norms. The National Association of Realtors (NAR) just reported that the percentage of all house sales that were newly constructed homes has fallen to the lowest numbers in forty years. Here is a graph showing the percentages:

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Categories: Housing Market

Tags: Mansfield OH, listing, For Buyers, House sales, buyers

September
30

Lack of Existing Home Sales Inventory Impacting Sales

September 30th, 2016 by Annette Depue

Some Highlights:

Existing home inventory is down 10.1% from last year.
A lack of inventory explains the modest increase in home sales (0.8% year-over-year) despite strong buyer demand.
Existing home prices increased 5.1% year-over-year, which is directly related to the lack of inventory.

Categories: Distressed Properties

Tags: real estate, richland county, homes, For Sellers, House sales

September
29

Home Sales Expected to Increase Nicely in 2017

September 29th, 2016 by Annette Depue

Home Sales Expected to Increase Nicely in 2017

The National Association of Realtors, The Mortgage Bankers' Association, Freddie Mac and Fannie Mae are all projecting that home sales will increase in 2017. Here is a chart showing what each entity is projecting in sales for this year and the next.

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Categories: Distressed Properties

Tags: Market Updates, First Time Homebuyers, For Buyers, For Sellers, House sales, buyers

September
7

Is the Current Pace of Home Sales Sustainable?

September 7th, 2016 by Annette Depue

There are some experts questioning whether the current pace of residential home sales is sustainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis? Actually, if we look closely at the numbers, we can see that we are looking at a very healthy real estate market.

Why the concern?

Some are looking at the last three years of home sales and comparing them to the three years just prior to the housing bubble. Looking at the graph below, we can understand that thinking.

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Categories: Housing Market

Tags: north central ohio, Market Updates, For Buyers, Move-Up Buyers, For Sellers, Forclosures, House sales, Mortgage

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