Rises in Housing Inventories Offer Some Relief to Buyers
The number of properties for sale edged up 3.1 percent in January, suggesting a more balanced housing market going into the 2014 home buying season, according to realtor.com®’s latest National Housing Trend Report.
More Jobs, Income Growth Needed to Give Recovery Jolt
In order for the housing market to earn a “gold medal” in 2014: Jobs and income growth are key, according to Freddie Mac’s latest Economic and Housing Market Outlook.
Mortgage Rates Are Moving on Up
Mortgage rates inched higher this week for the second week in a row, with the 30-year fixed-rate mortgage averaging 4.33 percent.
Best Housing Deals? 5 Most Affordable Housing Markets
In this Midwestern housing market, 89 percent of all new and existing homes sold in the fourth quarter were affordable to families earning the areas’ median income, according to a new affordability index.
New York Fights Back Against ‘Zombie’ Properties
Properties that sit deteriorating in foreclosure limbo are infecting New York neighborhoods. The state’s attorney general plans to introduce legislation to get banks and mortgagees to take better care of the vacant properties.