Mid America Mortgage Blog

Americans optimistic about home prices

Young Woman Holding A Box Of Currency Over White Background

New data shows that home prices are soaring, and despite warnings from some industry experts and analysts, most Americans are very confident that prices will continue to rise. A majority of U.S. adults (64% to be exact) continue to believe home prices in their local area will increase over the year, according to the results of a recent survey by polling firm Gallup. This reflects an increase of nine percentage points over the last two years and is the highest percentage since before the housing market crash and Great Recession in the mid-2000s. 

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NAR predicts higher home sales, prices as 2018 continues

Economic strength, wage growth and more opportunities for jobs are expected to help boost the number of home sales and increase home prices in 2018. However, low inventory and weakening affordability is likely to keep these figures from accelerating rapidly. Lawrence Yun, chief economist for the National Association of REALTORS® (NAR) presented his 2018 midyear forecast at the 2018 REALTORS® Legislative Meeting and Trade Expo recently, stating that a moderate, multiyear increase in home sales and home prices is most likely in our future. After jumping 3.8 percent in 2016, existing home sales only gained 1.1 percent to 5.5 million

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Tips for Setting a Home Remodeling Budget

stack of money

Ready to make your home look how you always dreamed? Maybe you only need a few minor updates. Or perhaps you’d like to completely renovate an entire room, or maybe even the whole house. Knowing your home remodeling goals is the easy part. Unfortunately, figuring out the financial aspect can be a little more daunting. In today’s post, we’ll talk about how you can set a home remodeling budget. We’ve got some great tips that should help you stay grounded in your plans and avoid taking on more debt that needed.

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