Homebuilder confidence dropped two points in June according to the National Association of Home Builders Housing Market Index. June's index reading was 64, which indicates strong sentiment among home builders for current housing market conditions. NAHB component readings also dropped in June with builder confidence in current home sales one point lower at an index reading of 71. Home builder confidence in home sales conditions over the next six months dropped two points to 70 and builder … [Read more...]
How Long Should I Spend Looking For a New Home?
Whether you've been looking for a home for a long time now, or you're just about to get started on the hunt, you're probably wondering how long should you spend looking for a new home. Does it take weeks to find your forever home, or months or even a year? What's typical? There Is No Typical The reality is, there is no typical amount of time it takes to find your home. There are too many variables, including how actively you're looking. Maybe you've heard horror stories of people who've been … [Read more...]
4 Reasons to Take Your Own Car When Viewing Homes
When you're in the market for a new home to buy, your real estate agent will likely invite you to ride along with them to view homes. This is a convenient courtesy, but you may want to reconsider. Your other option is to follow the real estate agent in your own car instead. Here are some reasons to take your own car when viewing homes: 1. It Gives You Time To Confer With Your Partner After you've looked at one house, getting back into your private vehicle with your partner allows some time to … [Read more...]
What’s Ahead For Mortgage Rates This Week – June 17th, 2019
Last week's economic reports included readings on inflation, retail sales and consumer sentiment. Weekly readings on mortgage rates and first-time jobless claims were also released. Consumer Price Index Lower in May as Retail Sales Hold Steady Last month's Consumer Price Index, which is a widely-used gauge of inflation, dropped to 0.10 percent in May and matched expectations. April posted month-to-month growth of 0.30 percent. Core inflation, which excludes volatile food and fuel sectors, rose … [Read more...]
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