Things are looking good for Ada County: Residential property values took a noticeable 12 percent leap last year, following a 4 year run of steady declines. New home constructions also rose tremendously; climbing over 75 percent from 2011 to 2012! Currently the average home value in Ada (more…)
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It’s the fifth week in a row that fixed rate mortgages have declined, setting a new record low of 2.65 percent! The following is Freddie Mac’s national average mortgage rate report for this week: 30-year fixed-rate mortgages: averaged 3.35 percent, with an average 0.7 point, just shy (more…)
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We all know how difficult it has been the last few years for even the “credit-worthy” homebuyers to meet a home loan approval. Underwriting standards have been strict and tight. Federal Reserve Chairman, Ben Bernake, has commented on the constricting grip of mortgage standards and said it (more…)
Read MoreJanuary marked the 11th consecutive month-over-month climb in existing home sales. The national housing price index reported close to a 10 percent year-over-year increase. The President and CEO of CoreLogic, Anand Nallathambi, remarked “Home prices continued to gather steam across a broad swath of the country in (more…)
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It’s a seller’s market once again for a majority of the Nation. Real estate inventories are so depleted that “Buyers and agents are literally waiting for the next house” according to the President of Coldwell Banker Residential Brokerage in the Bay Area, Rick Turley. January marked an (more…)
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As the unemployment rates climbed slightly in January to 7.9 percent, economists are also hopeful that the real estate market will continue to grow this Spring. With a more robust the housing market comes improved job markets, as more real agents, loan processors, home builders, appliance manufacturers (more…)
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Freddie Mac’s Chief Economist, Frank Nothaft, reported that mortgage rates are persistent in trending “upwards this week amid a growing economy led in part by the recovering housing market.” The well-liked 30-year fixed-rate mortgage spiked over the 3.5 percent norm. According to Freddie Mac the national mortgage (more…)
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