Mid America Mortgage Blog

Decline in multifamily construction lowers nationwide housing starts in April

new construction

After a decline in multifamily production, housing starts across the country dropped 2.6 percent in April to a seasonally adjusted annual rate of 1.17 million units, according to recently released data from the U.S. Department of Housing and Urban Development (HUD). Multifamily housing starts fell 9.2 percent to a seasonally adjusted annual rate of 337,000 units while single-family production increased 0.4 percent to 835,000. 

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Tips for Millennials Who Want to Buy Investment Property

If you are among the generation of young people who reached adulthood around the year 2000, you’re considered a millennial. As a millennial, you’re probably well acquainted with financial challenges such as rising student loan debt and stagnant wages. You’re also likely to remember – quite clearly – the negative effects of the housing crash that nearly brought the U.S. economy to its knees in 2007. But you millennials are resilient. Rather than focus on the doom and gloom, you’re probably an optimistic go-getter who still sees the value in homeownership and is willing and eager to harness that status to improve

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Median list prices rise amid spring home buying season

By the end of May, the spring home buying season is coming to a close as the summer rush approaches. Often during this time, home sales spike and prices increase as demand for housing gets a boost before fall. Looking at some of the latest information from Zillow, this year’s spring buying season was marked by higher median home prices. Could this year’s summer real estate season price above last years, too?

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