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New Home Sales Race to Keep Up with Demand [INFOGRAPHIC]

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Some Highlights:

  • Many buyers who are searching for their dream homes are turning to new home construction after 10% of all new home buyers sighted a lack of inventory of existing homes as their reason for purchase.
  • The median home price decreased slightly from September’s high of $314,100 to $304,500 in October.
  • The West saw the largest month over month jump in sales at 28.7%.
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5 Reasons Why Homeownership Is a Good Financial Investment

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5 Reasons Why Homeownership Is a Good Financial Investment | Simplifying The MarketAccording to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 37.7%.” That may have some thinking about buying a home instead of signing another lease extension. But, does that make sense from a financial perspective?
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Is Getting a Home Mortgage Still Too Difficult?

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Is Getting a Home Mortgage Still Too Difficult? | Simplifying The MarketThere is no doubt that mortgage credit availability is expanding, meaning it is easier to finance a home today than it was last year. However, the mortgage market is still much tighter than it was prior to the housing boom and bust experienced between 2003 - 2006.
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Mortgage Interest Rates Just Went Up… Should I Wait to Buy?

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Mortgage Interest Rates Just Went Up… Should I Wait to Buy? | Simplifying The MarketMortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie MacFannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters.
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