Some Highlights:

• The national median home price for Q2 is up 8.2% to $229,400
• The income needed to afford the median home in each region is directly impacted by the amount of the down payment. The larger the down payment the lower the income needed to pay the monthly mortgage payment.
• The West led the way with the highest median home price at $325,200.

 

Some Highlights:

• The number of homes in the US in some stage of foreclosure is down 28.9% to 472,000.
• Only 3.5% of homes in the US are currently in serious delinquency.
• Foreclosure Inventory levels hit the lowest level since January 2008 at 1.2% of all homes with a mortgage.

Some Highlights:

• According to Freddie Mac, 40% of buyers are putting less than 10% down, with many putting down as little as 3%.
• Have a budget and stick to it!
• Know your credit score and history!
• Reach out to a professional who can help you with the process!

Some Highlights:

• Existing Home Sales are up 9.6% over last year.
• Homes Sold on Average in just 34 days!
• Inventory now stands at a 5.0-month supply.
• Distressed Sales made up only 8% of all sales.

Some Highlights:

• With interest rates still around 4% now is a great time to look back at where rates have been over the last 40 years.
• Rates are projected to go up a full percentage point by this time next year according to Freddie Mac.
• The impact your interest rate makes on your monthly mortgage cost is significant!
• Lock in a low rate now while you can!

 

Some Highlights:

• The National Association of REALTORS® surveyed their members for their Confidence Index
• The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions.
• Homes sold in 60 days or less in 35 out of 50 states and Washington D.C.
• Only 7 states had a median sold date longer than 90 days.

Some Highlights:

• What is a Boomerang Buyer? A former homeowner who has gone thru a “short sale”, “foreclosure” or “bankruptcy” in the past few years and has been saving for a down payment in preparation of the expiration of the waiting period, in order to qualify once again for a mortgage.
• According to NAR: Up to 1 Million consumers have already restored their credit and qualify to buy now.
• 2.2 million consumers will return to credit worthy status within the next 5 years.

Some Highlights:

• Existing Home Sales are 9.2% higher than just one year ago.
• Home Prices are 7.9% higher than last year this time.
• The $250-500K price range leads the way with the largest improvement from last year at 17.4%.

Some Highlights:

• 85% of homes valued under $200,000 have equity
• 94% of homes valued over $200,000 have equity
• 10.2% of homes with a mortgage are currently underwater

 

Some Highlights:

• The average FICO score of Approved Conventional Loans was 757 in May
• The average FICO score of Approved FHA Loans was 688 in May
• Since April 2013, the ability of Americans to obtain a mortgage has increased substantially!

Algunos aspectos destacados:

Según el perfil de los compradores y vendedores de casa de NAR:

• 88 % de los compradores buscan por su primera casa en línea
• Contratar un agente de bienes raíces puede obtenerle 13 % más que vender por su cuenta
• Hay una lista larga de las personas con las que usted tiene que negociar cuando decide vender su casa, utilizar un profesional experto puede ayudar a facilitar el proceso.

 

Some Highlights:

• 30-year mortgage rates are projected to increase by a full percentage point in 2016
• Rates are still well below the past four decade averages
• The interest rate at which you borrow the funds to purchase your dream home makes a huge difference on your monthly payment

 Algunos aspectos destacados:

• Los niveles del inventario aún están por debajo del nivel de los 6 meses necesario para un mercado normal
• Los precios de las casas han experimentado ganancia año tras año por 38 meses consecutivos
• Las casas se venden más rápido que en cualquier otro momento desde junio de 2013, en solamente 39 días

Some Highlights:

• Even a small increase in interest rates drastically impacts your budget.
• Securing a mortgage now while rates are still low means you can get more house for your money.
• Spend your money on your dream home, not on interest.

Some Highlights:

• Historically the Percentage of your income needed to afford a home vs. renting was a much closer margin. Making renting make sense.
• Now... Renting will cost you 30.1% of your income compared to buying a median home at 15.3% of your income.
• Either way you're paying a mortgage... why not have it be yours?

Some Highlights From The Report:

• 80% of all pre-retirees in the South Atlantic region plan to stay there in retirement
• 4 out of 10 pre-retirees plan to relocate in retirement
• Retirees in the South Central Region are most satisfied with their Cost of Living
• For more information or to read the full report: Click Here

Algunos aspectos destacados:

• Las ventas de las casas para las vacaciones subieron 57.4 % en 2014
• 1.13 millones de casas para las vacaciones se vendieron
• 2014 marcando el nivel más alto de ventas en U.S.A. desde 2003

Algunos aspectos destacados:

• La Asociación Nacional de REALTORS® encuestó a sus miembros para su Índice de confianza
• El índice de confianza de los REALTORS® es un indicador clave de la fortaleza del mercado de la vivienda basado en una encuesta mensual enviada a más de 50,000 practicantes de bienes raíces. A los practicantes se les pregunto sobre sus expectativas para las ventas de las casas, los precios y las condiciones del mercado.
• Las casas se vendieron en menos de 90 días en 36 de los 50 estados y Washington D.C.
• Solo 3 estados tuvieron un promedio de 121 a 210 días para vender.

Algunos puntos importantes que considerer:

• El informe más reciente de la encuesta de Freddie Mac “Primary Mortgage Market” informó la tasa fija a 30 años al 3.7 %
• La proyección de Freddie Mac para el 2T de 2016 es que la tasa va a estar al 4.7 % (un punto porcentual más alto)
• La Encuesta de las expectativas de los precios de las casas predice que los precios de las casas van a apreciar 4.4 % para esa misma época.

¡El impacto que el esperar un año para comprar la casa de su sueño puede tener en su pago mensual es significativo, comuníquese con un profesional local en bienes raíces hoy para discutir sus opciones antes que las predicciones de los expertos se conviertan en realidad!