After a sluggish spring and summer, housing sales appear to be picking up. The National Association of Realtors says sales of existing homes rose 2.4 percent in July to the highest annual pace of the year. Distressed home sales — foreclosures and short sales — accounted for just 9 percent of all sales in July, down from 15 percent a yea ...Read more
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Housing sales have slowed, but it’s hard to make the argument that higher borrowing costs are the reason. Freddie Mac says 30-year mortgage rates fell to the lowest level of the year this week. A separate report Thursday shows sales activity has begun to pick up. The average rate on a 30-year fixed-rate mortgage in the week ending A ...Read more
New listing activity increases for 12th month in a row; Prices essentially flat compared to last year OVERVIEW The Baltimore Metro Area continued to see winter weather well into March, but buyers and sellers in the region were less affected by it than earlier in the year. Both buyer and seller activity improved from last March and the ...Read more
Long-term mortgage rates are higher than record lows seen in late-2012, but they remain well below historical levels and haven't been moving much this year. Freddie Mac says a 30-year fixed-rate mortgage averaged 4.41 percent in the week ending April 3, up from 4.40 percent last week. A 15-year fix averaged 3.47 percent this week, up from 3.42 ...Read more
by: Jay Jenkins If you're considering selling your home in 2014, now is the time to get ready. Not next month, not next week, not tomorrow. Right now. Why? Because buyers are already on the hunt. The Internet is the new curb appealLast month will likely be remembered for polar vortexes, widespread snow, and historic traffic jams. Lost in the shuffl ...Read more