The monthly mortgage payment on a home is determined by two elements: the price of the house and the interest rate you pay on your mortgage. Recently released reports are revealing that the experts expect both elements to increase in 2016. HOME PRICES CoreLogic has projected a nationwide 5.2% home value appreciation for the next
Some Highlights: Interest rates have come a long way in the last 30 years. The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford. Experts predict that rates will increase by 3/4 a percent over the next 12 months. Secure a low rate now to
There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either your mortgage or your landlord’s. As The Joint Center for Housing Studies at Harvard
By Bryan Davis Click here to view or print the entire October report compliments of the ACRE Corporate Cabinet. Sales: According to the North Alabama Multiple Listing Service, Huntsville/Madison County residential sales totaled 434 units in October, an increase in sales growth of 13.6 percent or 52 units from the same period last year. Year-to-date sales through October are 16.3 percent above 2014. Two more resources to review: Quarterly
The residential housing market has been hot. Home sales have bounced back solidly and are now at their second highest pace since February 2007. Demand remains strong going into the winter. Many real estate professionals are reporting that multiple offers are occurring regularly and listings are actually selling above listing price. What about your house?
In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States. The updated numbers actually show that the range is from an average of 16% in Honolulu (HI), all the way to 55% in
According to the latest report from the US Census Bureau and the Department of Housing and Urban Development, newly constructed home sales jumped 5.7% month-over-month and 21.6% year-over-year to an annual pace of 552,000. Many buyers are looking to the new homes market to make up for the lack of existing home sales inventory.
It’s that time of year; the seasons are changing and with them bring thoughts of the upcoming holidays, family get-togethers, and planning for a new year. Those who are on the fence about whether now is the right time to buy don’t have to look much farther to find four great reasons to consider buying
Huntsville/Madison County Builders Association’s 2015 Parade of Homes™ The members of the Huntsville Madison County Builders Association hope you are able to join us for our Annual Parade of Homes™. It is the premier residential open house event in Madison County! The Association is proud to present the highest quality builders and contractors offering you
By Alabama Center for Real Estate (ACRE) Follow on Twitter Click here to view or print the entire new home monthly report compliments of the ACRE Corporate Cabinet. Join the Center mailing list HERE. Demand: Alabama new home sales in August increased 37.5 percent from last year. Sales rose by 2 units or 0.5 percent from the prior month. Year-to-date sales through August are