Single-family new-home sales surged in January to a five-and-a-half-year high, giving the industry new hope that the new-home sector isn’t heading for a slowdown this spring after all.
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More home buyers and current home owners are weighing the merits of a “green” mortgage, which allows them to finance home improvements that will lower long-term energy costs.
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Mortgage applications for home purchases fell nearly 4 percent in the week ending Feb. 21 from the week prior, hitting their lowest level since 1995, the Mortgage Bankers Association reports.
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Housing affordability for teachers is in particularly dire straits in the Golden State, where 83 percent of homes in California are unaffordable on a teacher’s salary, according to Redfin.
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The feeling of coming home has inspired countless filmmakers over the years, so it’s fitting that Coldwell Banker Real Estate is debuting a new commercial during the Academy Awards on Sunday.
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“Proposed limits on the mortgage interest deduction and capital gains, and the repeal of deductions for state and local property taxes … will impact every single American,” says NAR President Steve Brown.
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