GDP Points to Recovery
What is GDP? According to the Bureau of Economic Analysis, GDP stands for Gross Domestic Product and is an index that represents the market…
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Mortgage Demand Surges as Rates Reach Lowest Level in Two Months
According to the Mortgage Bankers Association’s (MBA) seasonally-adjusted index, mortgage applications surged 8.6% last week as compared to…
Lee masHome Builders Pushing to Help Increase Inventory
Last week, the US Census Bureau and the US Department of Housing and Urban Development released their collaborated new home construction dat…
Lee masHome Buyer and Seller Confidence Continues to Rise
According to Fannie Mae’s Home Purchase Sentiment Index (HPSI), consumer confidence to sell or buy a home increased in March by 5.2 points t…
Lee masHomes Continue To Appreciate in Value
Last week, the Case-Shiller Home Price Index was released for the month of January. Even though there is a two-month lag in their data, it s…
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Precalifíquese Llame al 800-778-9044Mortgage Rates Creeping Higher, Is It Still Time to Refinance?
According to a recent report by Black Knight, the recent surge in mortgage rates of nearly 50 basis points eliminated approximately seven mi…
Lee masWhy Are Interest Rates Moving Up?
You may have noticed interest rates increasing over the last few weeks, but why does this happen? The main answer has to do with inflation.…
Lee masRefinances Starting to Decline, but Purchases Stay Strong as Rates Begin to Rise
According to Black Knight’s Mortgage Monitor Report, roughly 2.8 million homeowners refinanced their mortgage in the last quarter of 2020. T…
Lee masHousing Market Update
The housing market is still very hot. Even with around 26% less inventory, homes sales are still at all time record levels. Let’s review the…
Lee masHome Prices Continue Their Record Climb!
Despite typically being the slowest month for the housing market, December 2020 marked the fastest rise in home prices in nearly seven years…
Lee masWhy Did Interest Rates Move Up Last Week?
You may have seen interest rates tick up last week? This happened for a few reasons, but the main one has to do with inflation. What is in…
Lee masBidding Wars Continue at an All-Time High
As Presidents Day Weekend marks the unofficial start of the spring housing season, home buyers continue to find themselves in situations whe…
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