Month: January 2016

Record Increase in Existing Home Sales

The National Association of Realtors (NAR) has reported that existing home sales increased 14.7 percent from November 2015 to December 2015 as the seasonally adjusted annual rate jumped from 4.76 million to 5.46 million. This is the largest month-to-month increase in history, and it more than made up for the 10.5 percent decline experienced from October to November. The current

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Low Interest Rates Make it Easier to Buy a Home

Those who are searching for a home just received an unanticipated bonus from plummeting interest rates. The fall occurred after the U.S. stock market experienced a tumble. Because of the dip, 30-year fixed mortgage rates shifted down significantly to 3.75 percent. A week ago, rates were above 4 percent. Analysts have been predicting rate increases for the last few months,

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Fed Survey finds Consumers Expecting Low Inflation and Wages to Match

A recent survey conducted by the Federal Reserve Bank of New York indicated that the public expectations regarding household income growth and spending have declined, and consumers are conflicted about their expectations regarding job security. Respondents are surveyed over the course of 12 months so their opinions can be monitored over time. When it came to inflation, respondents’ predictions generally

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Home Prices Rise 6.3 Percent in November

According to the latest statistics from CoreLogic, national home prices rose by 6.3 percent in November 2015 compared to prices in November 2014. The increase from the previous month was 0.5 percent. Several reasons were cited for the sustained jump in home prices over the last year, including high demand and low supply in many of the major markets, which

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