The December 2019 housing report uses the numbers for November 2019. While December 2019 home sales increased by a whopping 13.5%, the median sales price also skyrocketed 11.1% from December 2018 to be $266,000.00. Having 54 days as average time on market, which is only down 1 day from December ... » Learn More about December 2019 RE/MAX Housing Report
Home Ownership
Rates on Mortgages Ease – 30-Year at 3.72%
U.S. long-term rates on mortgages declined slightly this week, remaining close to the historically low levels where they have hovered over the past 60 days. Rates on Mortgages Ease - 30-Year at 3.72% Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year ... » Learn More about Rates on Mortgages Ease – 30-Year at 3.72%
Boomers Age -Plenty of Homes Coming
Builders have struggled to conquer land scarcity and rising labor costs and materials. However a flood of homes will come on the market during the next 20 years as baby boomers age - enough to affect local economies in traditional retirement areas. The boomer generation, once 76 million strong in ... » Learn More about Boomers Age -Plenty of Homes Coming
November 2019 Housing Report
The November 2019 housing report uses the numbers for October 2019. While November 2019 home sales decreased slightly, down 1%, the median sales price surged 7.9% from November 2018 to be $257,000.00. Having 49 days as average time on market, which is actually down 2 days from November 2018. The ... » Learn More about November 2019 Housing Report
No More VA Loan Limit Caps
Veterans may qualify to purchase larger homes in pricier communities - still without having any down payment - after Jan. 1, 2020. Those taking out a VA Loan (Veteran Affairs) backed mortgages will find caps removed on what they can spend in 2020. No More VA Loan Limit ... » Learn More about No More VA Loan Limit Caps