Surging mortgage rates may have little effect on the housing market, at least in the near term, housing experts say. Mortgage rates rose sharply last week following comments from Federal Reserve Chairman Ben Bernanke that the Fed will begin tapering off its asset purchases later this year if incoming data continues to show the economy is on the mend.
Category Archives: Sellers
Home Prices Rising at ‘Unsustainable’ Rate
Home prices have been soaring by double digits compared to last year’s numbers and the National Association of REALTORS® are calling the rises “unsustainable.”
The price for existing home sales surged 15.4 percent higher in May compared to last year.
“Some of the increases can be explained by the fact that it is recovering from an over-corrected situation,” says Lawrence Yun, NAR chief economist. “But with people’s income rising at only 1 or 2 percent and prices rising in double digits, it cannot continue.”
5 Real Estate Recovery Myths
Like anything else, real estate has its urban legends, its stories that get told so often they seem like they must be true. But unlike urban legends about exploding Pop Rocks, housing market myths have the potential to cause panic, poor decisions, and substantial financial losses. The recent market upturn, coming on the heels of 6 years of near-depression, has given rise to a long list of real estate myths. Don’t get lost in the legends — find out what’s fact and what’s fiction.
Impact of Rising Mortgage Rates on Home Sales
NAR Chief Economist Lawrence Yun says mortgage rates will continue to rise.
Read his latest blog post to learn how that could impact home sales.
Top Markets for Buyers and Sellers
If you’re considering buying a home, you might want to know whether you’re in a buyers or sellers market.
Tight inventory favors sellers in the Southwest, while buyers have the upper hand in some Midwestern and Eastern cities.
Read the details here, and see where Seattle is on the list!
Americans’ Optimism about Buying and Selling a Home Hits Record Levels
Americans’ confidence in their ability to buy and sell a home climbed sharply in May, likely due to reports of strong home price gains, according to results from Fannie Mae’s May 2013 National Housing Survey. The share of respondents who say now is a good time to sell a home reached a record high.
The Case For Selling Your House Now
… Even If You Think Prices Are Going To Rise
Mortgage rates are on their way back up.
U.S. household net worth just hit an all-time high.
These are among the reasons why Zillow CEO Spencer Rascoff says it’s now time to sell your house.
Top 10 Home Price Spikes Across the U.S.
Home prices are rising across the country, but where are sellers cashing in big? Find out if your market’s ahead of the rest.
Read this list of top 10 markets with the biggest home price increases to see if now is the right time to sell.
5 Home Renovation Projects With Good Return on Investment
Spring is a popular time for home-renovation projects, but a recent study by Remodeling magazine and the National Association of Realtors found that not all upgrades are created equal when it comes to reselling your place.
Managing The Real Estate Details 