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Jason Harrell

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Permits To Build New Homes On The Rise

Permits to build new single-family homes rose nearly 4 percent in May, according to new data released by the U.S. Census Bureau and the Department of Housing and Urban Development. The improvement came despite a dip in new residential construction and a decline in overall permits when including multi-family housing. But, though fewer new homes […]

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Builders Optimistic About New Home Sales

Home builders have a unique perspective when it comes to gauging whether or not people are buying new homes. Because of this, the National Association of Home Builders’ Housing Market Index – which measures builders’ confidence in the market for newly built, single-family homes – has become an important indicator of the housing market’s health. […]

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4 Common Misconceptions About Buying A Home

Though most Americans say they’d like to own their own home one day, there are a number of misconceptions about the buying process and current market that cause many to believe they won’t be able to get financing or can’t afford homeownership. According to a recent article from Christina Boyle, Freddie Mac’s vice president and […]

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Home Price Increases Continue To Slow

After rising sharply over the past two years, home price increases are now becoming smaller, more balanced, and more widespread. In fact, for the first time since July 2012, none of the 100 largest metropolitan areas experienced a price gain of 20 percent or more, according to the most recent Price Monitor from Trulia. That […]

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Home Loan Demand Surges Following Holiday

According to the Mortgage Bankers Association’s Weekly Applications Survey, mortgage application demand surged following the Memorial Day holiday. In fact, the Market Composite Index, which is a measure of both purchase and refinance demand, rose 10.3 percent from the week before. Individually, the Refinance Index saw an 11 percent increase – largely due to two-months […]

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Survey Says Now Is A Good Time To Sell

A record number of surveyed Americans say they think now is a good time to sell a house, according to the most recent National Housing Survey from Fannie Mae. The results of the latest survey show 43 percent of respondents think now is the time to sell. And that’s good news for prospective home buyers […]

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Younger Buyers Need Help With Down Payment

A lack of savings, debt, and poor credit are among the biggest obstacles preventing young adults between the ages of 18 and 34 from becoming homeowners. In fact, according to a new consumer survey from Trulia, 50 percent of participating millennials said their personal finances were preventing them from buying a home and they would […]

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Majority Of Markets Improved Since Last Year

According to the National Association of Home Builders Leading Market Index, 83 percent of the nation’s local housing markets have improved since last year. The Index – which measures how quickly individual areas are returning to previous levels of normal economic and housing activity – found that the nationwide average is 88 percent back to […]

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The Average New Home Is Getting Bigger

Of the 569,000 new single-family homes that were built in 2013, most had air conditioning and two or more stories, according to a joint report released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The annual report collects data on single-and multi-family housing built and sold in the last […]

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Mortgage Rates Continue To Fall

According to the Mortgage Bankers Association’s Weekly Applications Survey, the average contract interest rate for 30-year fixed-rate mortgages with both conforming and jumbo balances fell again last week. Interest rates on 15-year fixed-rate and FHA-backed loans also declined. Average mortgage rates have been dropping recently and have now reached their lowest level in close to […]

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