Category Archives: Uncategorized

Foreclosures Drop Significantly

The overall health of the housing sector appears to be improving.  The foreclosure rate has been declining over the past few years and hit an 8-year low in June according to a RealtyTrac report citing 107,194 U.S. properties filed for more »

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Will Rental Prices Affect Mortgage Rates?

It’s no secret by now that the rental market across the U.S. is hot as rental prices are growing at their fastest pace in 5 years.  The national vacancy rate was 4.1% during the second quarter of this year and more »

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Home Prices Rise in March

Just when you thought home prices couldn’t go any higher they are still pushing limits.  The S&P/Case-Shiller composite index recorded a 0.9% rise in March on a seasonally adjusted basis.  Economists had expected the index to report a 0.7% increase. more »

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Housing Starts Driven by Multi-Family Homes

The housing market has finally received some good economic data after a few months of less than stellar news; Housing starts for the month of April increased 13% from the previous month.  What’s interesting to note about this number is more »

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Home Prices are Hot

Home prices continue to rise in what is undoubtedly a seller’s market.  According to Zillow, prices have increased so quickly that about 1,000 local housing markets have reached records in new home prices. Real estate brokerage firm, Redfin, noted that more »

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Homeownership Hits a 19 Year Low

The American dream used to entail owning a home but has this traditional dream shifted?  The U.S. Census Bureau reported that homeownership rates have dropped to 64.8% in the first quarter of 2014, which is the lowest rate since 1995.  more »

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U.S. Home Builder Focuses on Entry-Level Homes

The current housing market’s supply of homes continues to be tight with the majority of homes available for sale being higher-end properties.  This leaves those who would be first-time homebuyers with fewer choices.  But the nation’s largest home builder (by more »

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Castle Peak Homes Gives New Life to Older Properties

Last year the housing market was mostly dominated by cash investors, many planning to flip properties or lease them out.  So far during 2014 investors still play a large role in the market although to a lesser degree since interest more »

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Housing Market Thawing Slowly as Supply Increases

The Federal Reserve’s recent two-day policy meeting painted a picture of sluggish growth in the economy for the first quarter of the year, mostly attributed to colder than normal weather which hindered economic activity.  Federal Reserve Chair, Janet Yellen, commented more »

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Housing Geared Up to Grow this Spring

The mercury is rising and springtime is just around the corner.  Regions hit hard by winter storms are starting to thaw and analysts are predicting the housing market will do the very same in coming months.  A tight housing supply more »

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