NATIONAL MARKET UPDATE February Existing Home Sales took everyone by surprise, rising for the first time in thirteen months–by 14.5%!–plus, we got the news that the median price fell year-over-year for the first time in 11 years. New Home Sales also rose in February—up for the third straight month. In addition, inventories have recently made substantial gains, as the …
Kevin Brierton: Inside Lending – Week of 3-27-23 Read More »
NATIONAL MARKET UPDATE Increasing for the first time in six months, housing starts shot up 9.8% in February, with both single-family and multi-unit projects posting gains. Building permits did even better—up 13.8%, the largest monthly gain in two years. Home builders are clearly feeling more optimistic. The homebuilder sentiment index headed up for the third straight month, indicating the housing …
Kevin Brierton: Inside Lending – Week of 3-20-23 Read More »
NATIONAL MARKET UPDATE Home building data firm Zonda revealed most builders saw a strong start to the year. Their New Home Pending Sales Index (PSI) reported a nonseasonally adjusted 4.3% uptick in demand in January. Fannie Mae’s February Home Purchase Sentiment Index found most consumers still think it’s a good time to sell a home and …
Kevin Brierton: Inside Lending – Week of 3-13-23 Read More »
NATIONAL MARKET UPDATE The Pending Home Sales index of signed contracts on existing homes rose in January for the second straight month, up 8.1%, though still down from a year ago. Gains were nationwide and foretell higher sales in February and March. In January, spending on residential construction came in at a decent $847.4 billion annual rate, just a tick …
A home is one of our biggest investments in life. Our local association gives all of the agents the most up to date statistics to use and inform our clients on. I love taking the stats and giving you a summary. Here is my report for March 2023. The housing market in the White Mountains …
March Real Estate Report For The White Mountains Read More »
NATIONAL MARKET UPDATE Builders took a break in January, shown by a dip in Housing Starts. That was the fifth straight month of declines, but building has hardly ceased—the number of homes under construction is near the highest level on record. Plus, things are looking up. Pointing to the future, permits for new projects edged up in January. …
Kevin Brierton: Inside Lending – Week of 2-20-23 Read More »
Deciding whether to buy a house is a major financial decision, and it can be challenging to know when the best time to buy is. With conflicting information in the market, it can be confusing to know whether it’s a good time to purchase a property. In this blog, we’ll take a closer look at …
Is Now A Good Time To Buy A House In The White Mountains? Read More »
The White Mountains of Arizona is a popular vacation spot for people looking for outdoor recreation and breathtaking natural scenery. But it is also a great place to invest in real estate. In this article, we will explore 10 reasons why the White Mountains of Arizona is the perfect place to invest in real estate …
NATIONAL MARKET UPDATE Black Knight reported purchase loan locks went up 64% from the first to last week of January, the largest jump in five years, as well as a growing trend of homebuyers paying points upfront to permanently reduce their mortgage rate. The Mortgage Bankers Association saw mortgage applications increase 7.4% last week, noting: “Purchase activity that was …
Kevin Brierton: Inside Lending – Week of 2-13-23 Read More »
The Ultimate Guide to Buying Real Estate in the White Mountains of Arizona If you’re seeking a peaceful retreat in the stunning White Mountains of Arizona, you’ve come to the right place. With its mild climate, breathtaking natural beauty, and range of recreational activities, the White Mountains are the perfect destination for those in search …