Posts Tagged home prices

Buying a home this winter? Here are three things to keep in mind.

house in winter

Winter is typically the slow season when it comes to real estate. But buying a home during this time can have its benefits. If you’re thinking of making a home purchase between now and next spring, here are a few things to keep in mind. Home prices may be lower. There may be fewer homes on the market during the winter season, but the homes that are on the market might be available at a lower price point than they would if they were being listed during the prime spring and summer months. Buyer traffic slows down during this time,

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Existing Home Prices Continue to Drop

woman holding money in house-shaped box

Hopeful home buyers who plan to make offers by the end of 2017 are in luck. According to recent data, home prices in the U.S. are falling, continuing a trend we’ve been seeing since July. So while it may not be the optimal time for homeowners to sell, it’s a great time for buyers (especially first time buyers) to step into the market and find their dream home. According to a recent article from realtor.com, the median price of an existing home (one that has been previously lived in) dropped .24% from September to $247,000 in October. Realtor.com gathered this

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July New Home Purchase Mortgage Applications 5.1 Percent Higher Than a Year Ago

couple painting a wall

More people applied for mortgages to purchase newly built homes in July than they did a year ago, according to data from a recent industry survey. The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) for July 2017 revealed a 5.1 percent increase in mortgage applications for new home purchases compared to a year ago. Since June 2017, applications decreased by 12 percent. According to the MBA, these changes reflect figures that are not adjusted for typical seasonal patterns.

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