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.
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 inched higher this week for the second week in a row, with the 30-year fixed-rate mortgage averaging 4.33 percent.
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.
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.