Posted on January 17, 2019by Shorepine Properties in Market Trends
If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly…
This week’s Monday Market saw a 5.1 percent jump in weekly mortgage applications as interest rates have begun to settle. The rise came even as home borrowers have been dissuaded by interest rate volatility. The gain was driven by applications…
As inflation continued to rise in the month of April, so too did consumer spending. Increased inflation mixed with a strong labor market will likely lead to a federal rate increase at the June Federal Open Market Committee meeting. Home…
Homes are in strong demand according to a new CNBC report, and homebuilder’s are benefiting and feeling better about their business. A monthly index of builder sentiment rose two points in May. The National Association of Home Builders (NAHB) sentiment…
Despite the rising costs of homes across the United States, consumer confidence has hit record highs so far this 2018 year. Why is this? A CNBC report accredits this to two key factors. First, buyers believe that prices will continue…
With the worry of rising inflation and the climb of the 10 year Treasury, home mortgage rates are up again this week. However, consumer confidence is up in the month of April, signaling an underlying strength in the economy. New…
The United States economy appears to be trending in the right direction according to Academy Mortgage. Their data has shown that after three months of declines, retail sales have gone up in the month of March as the increase was…
REASONS FOR OWNING REAL ESTATE Larry Garrett in his book “Common Sense Investing in Real Estate” writes about the advantages of owning Real Estate. You should always check with your accountant regarding your particular situation. However here is what Larry…
Here is a short list of positive factors predicted that will affect the housing market in 2017 Moderately rising mortgage rates Low risk of a housing crash for most cities Millennials buyers coming into the main home buying years A…