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Homebuyers are on the Horizon

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  Tired of waiting for the millennial generation to buy a house? If you’re willing to wait another ten or twenty years, things will finally get better according to a new study funded by Better Homes and Gardens Real Estate. Young people of the future, it seems, are already planning to rebel against their Rentorship Generation older brothers and sisters ... Read More »

Sneak Attack! Closing Costs Soar 20.8 Percent

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While most homebuyers are focused on rising home prices, closing costs are rising nearly as quickly over the past three years, increasing by more than 20 percent since 2010, according to Bankrate.com Mortgage closing costs rose 6 percent over 2013 after rising 6 percent in 2012 and 8.8 percent in 2011 The now average $2,539 on a $200,000 loan. Each ... Read More »

Buyers Bloom in the Springtime

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Daffodils, April showers, robins and a new crop of For Sale signs seem to be working their seasonal magic on home buyers.  The latest Fannie Mae survey, conducted in March, reports that the gloominess that shrouded buyers during the bitter winter months has melted away and attitudes are nearly as positive as they were a year ago. Consumers who said ... Read More »

Consumers do 360 on Price Expectations

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Consumer expectations on home prices rose unexpectedly in February, just in time to build seller confidence to list their houses and restore tight inventories for the fast approaching spring season. Fannie Mae’s February 2014 National Housing Survey took a right turn from January’s results as respondents’ home price expectations climbed significantly  – with 50 percent saying home prices will go ... Read More »

Virginia Sellers are Bullish on the Spring Market

Abram's Delight, Winchester, VA

    Optimism the coming season is growing among Virginia sellers, while buyers are becoming more bearish.. Forty-eight percent of respondents believe it is a better time to sell today than a year ago. Optimism declines slightly to 46 percent of respondents when asked about selling a year from now. While some 42 percent of buyers believe that today is ... Read More »

Consumer Confidence Hits High Gear

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Consumer confidence, led by high hopes for the housing markets, has recovered from its doubts in the wake of the government shutdown last fall and is starting the new year on a tear. Two weeks ago economists at the Conference Board forecasted that for the year as a whole growth will accelerate markedly to 2.9% in 2014 from the subdued ... Read More »

Homeowners Fear Values are Sinking

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Even though home prices rose more than 10 percent last year and lifted 1.4 million house poor homeowners above water, consumers have suddenly become concerned nervous about the value of their homes, according to a national opinion survey. A new Rasmussen Reports national telephone survey last week found that homeowner confidence in the value of their homes dropped suddenly over ... Read More »

Consumer Confidence Keeps Slip Slip Sliding

The Conference Board Consumer Confidence Index , which had decreased sharply in October, declined again in November. down to 72.0 from 72.6. The Expectations Index declined to 69.3 from 72.2 last month, which could have serious ramifications for housing demand if the slide continues into the new year. Read More »

First Timers Fade Away

The overall market share of single buyers declined from 32 percent in 2010 to 25 percent in both 2012 and 2013. First-time home buyers slipped to a 38 percent market share in the past year from 39 percent in a preview of NAR's 2013 Profile of Home Buyers and Sellers. Read More »