The June 2019 housing report uses the numbers for May 2019. While June 2019 home sales increased slightly, the median sales price surged 6.7% from June 2018 to be $276,000.00. Having 44 days as average time on market, which is actually up 3 days from June 2018. The total number of homes for sale ... » Learn More about June 2019 RE/MAX Housing Report
Buying a home
Credit Scores Go up
Survey: Consumers grasp of credit is the lowest it’s been in eight years - however the number of individuals who think they understand how credit scores work went up. Congratulations, America. Credit scores nationwide are going up. Having said that, understanding of how credit works is ... » Learn More about Credit Scores Go up
Today’s Technology
Voice-activated music. Touch-screen powered appliances. An omnipotent, but friendly, virtual assistant providing homework help. When “Smart House” debuted on the Disney Channel in 1999, its portrayal of a family living in a home run by artificial intelligence seemed far-fetched. Watching it 20 years ... » Learn More about Today’s Technology
Delinquency Rate Hits Lowest Point
CoreLogic: 3.6% of the nation’s mortgages were in some stage of delinquency - a 0.7 percentage point decline from a year earlier when it was 4.3%. CoreLogic’s monthly Loan Performance Insights Report for April discovered that 3.6% of the nation’s mortgages were in some stage of delinquency (30 days ... » Learn More about Delinquency Rate Hits Lowest Point
48% of Homeowners Intend to Remodel
Of those people who intend to remodel, 1 in 4 expect to finance it via a home equity line of credit, however, most say they’ll use savings (48%) or checking accounts (34%). Up to 50 % of homeowners (48%) want to renovate their homes in the next 24 months, and a third of those homeowners expect to ... » Learn More about 48% of Homeowners Intend to Remodel