Browsing Posts In: National Real Estate News

Jumbo Home Loan Pricing Decreases

September 12, 2017

Reports indicate that the interest rate for jumbo loans, which includes loans greater than $421,100, dropped five basis points just recently, averaging 3.99 percent. That is now 13 basis points lower than the conforming rate, which is the largest spread between jumbo rates and the conforming rate since March 2016, according to the Mortgage Bankers Association (MBA). “A strong appetite for jumbo loans and a highly competitive jumbo market has led to increased availability and […]

... Read More
Florida in High Demand for Foreign Homebuyers

August 22, 2017

United States home-buying by foreigners increased by a substantial 49 percent to $153 billion in the last year, which signifies a record high in the National Association of REALTORS® (NAR) Profile of International Activity in U.S. Residential Real Estate released for 2017. The increase resulted as activity from Canada soared to $19 billion, with buyers from China, India, Mexico and the UK also contributing to the increase. “The political and economic uncertainty both here and […]

... Read More
Increased Rate of New Home Construction

August 8, 2017

The rate of new home construction increased in June to the fastest pace in four consecutive months prior. Though increases were seen across the nation, the rise was led by substantial increases in the Northeast and Midwest. New home construction increased by 8.3 percent in June to a seasonally adjusted annual rate of 1.22 million, according to the Commerce Department. The increase marked the end of three straight monthly declines and marked the strongest pace […]

... Read More
Suggestions to Ease Entry Into the Housing Market

July 25, 2017

Entering the housing market for the first time can be overwhelming and costly. It is very likely the largest purchase one has made and the process can be confusing. The most recent market report by Naples Area Board of REALTORS® (NABOR®), released June 16 with May figures, shows pending sales up 12 percent, closed sales up 23 percent and inventory up 4 percent. An analysis of the Census report by Trulia determined that owner households […]

... Read More
Hispanic Homeownership Rate Has Increased Significantly

May 8, 2017

The Hispanic population has a significant influence in residential real estate, outdoing national statistics as they purchase homes at a faster rate for the second straight year. According to the National Association of Hispanic Real Estate Professionals’ (NAHREP) recently released 2016 State of Hispanic Homeownership Report, the Hispanic homeownership rate increased to 46 percent last year, in spite of a decreasing overall rate of homeownership across the nation. The Hispanic homeownership rate was 45.6 percent […]

... Read More