The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply:
Lapeer Township Homes For Sale | Fall Brings Price Drops For 25% Of Homes
Lapeer Township Homes For Sale | Fall Brings Price Drops For 25% Of Homes Team Success Listing LLC The fall season is cooling down more than the temperature outside; it’s also putting a much-needed chill on hot housing markets, where home prices have become unaffordable to the average buyer. More than one in four home […]
More Housing Markets Move Into “Buy” Zone
The U.S. housing market is moving deeper into “buy territory,” which indicates that the majority of housing markets remain a sound investment, according to a newly released national index by Florida Atlantic University and Florida International University. “Housing prices, in general, continue to slow and when considered in light of the recent trends in the […]
2016 Predicted To Be Housing’s Golden Year
2016 Predicted To Be Housing’s Golden Year … Officials from mortgage giant Freddie Mac have made a bold prediction: This year housing starts and home prices will reach their highest levels since 2006. The main reasons behind its bullish forecast is low mortgage rates, an improving job market, and a gradual increase in housing supply. […]
More Homes Are Coming Soon
More New Homes Are Coming Soon … Builders are beginning work on more single-family homes across the country, which could offer some much-needed inventory relief for many housing markets. Housing starts nationwide are up nearly 31 percent year-over-year. In February, housing starts jumped 5.2 percent alone on a month-over-month basis to a seasonally adjusted annual […]
Housing Market Predictions in Lapeer MI For 2015
This article I found, 5 Housing Market Predictions For 2015, talks about economic recovery for homeowners and first time home buyers … It’s a new year—and the outlook on the housing market is definitely brighter. After all, 2014 was the best year in the U.S. economic recovery since the recession of 2008-2009. With an accelerating economic recovery […]
Home Values Rising
Home values rising in hard hit markets Article in RealtorMag discussing home values in hard hit markets like Michigan…… Hard-hit housing markets in Florida, Michigan, and Arizona are seeing an increase in average home values. In particular, Miami is pushing home and condominium values higher in other Florida cities. Meanwhile, a lack of discount priced […]