According to the Federal Home Finance Agency’s Home Price Index, home prices rose by a seasonally-adjusted 0.7 percent between May and June 2012. The index is now up 3.0% over the past 12 months, and made its biggest quarterly gain since 2005 last quarter.
About Matt FagioliMatt is the Operating Broker at Diamond Dwellings Realty based in Gwinnett County Georgia. Matt has sold nearly 600 homes in Metro Atlanta in the last 10 years
From a list of 744 eligible towns nationwide, Carmel, Indiana ranked first in CNNMoney’s Top Places To Live 2012.
Eariler this week, the Federal Reserve released the minutes from its 2-day meeting which ended August 1, 2012. Since the release, mortgage rates have dropped.
Home resales climbed 2% last month as the housing market continues its slow, steady recovery.
Mortgage rates are lower this year, and closing costs are, too.
Single-family housing starts were above 500,000 for the fourth straight month in July, a mark not met since the federal home buyer tax credit of 2010.
Over prolonged periods of time, water can warp, buckle, and/or cup hardwood flooring, leading to an expensive and time-consuming repair process.
Mortgage rates rose for the third straight week this week. Could this be the end of rock-bottom mortgage rates?
For August 2012, the National Association of Homebuilders reports the monthly Housing Market Index at 37 — an increase of more than 100% from one year ago and the highest HMI value since February 2007.
Rising home prices are taking a toll on today’s home buyers. For the first time in 4 quarters — and despite falling mortgage rates — home affordability is sinking.