Last year the United States housing market saw default numbers fall to the lowest levels since 2006. However, this was not the case for Nevada real estate. The housing market in Nevada had its housing distress statistics actually increase in 2015, and real estate market agents in the state expect more of the same for… Continue reading 2016 Nevada Real Estate and Housing Market Predictions
Category: Buying
2015 Arizona Housing Market Predictions
Once the epitomic example of the housing market crash, the Arizona housing market is now one of the stronger markets in the country. Increases in home construction and sales can be seen throughout the state. Most representative of the health of the Arizona real estate market is Phoenix, which has made a complete roundabout. Instead… Continue reading 2015 Arizona Housing Market Predictions
2016 Oregon Real Estate and Housing Market Predictions
Home prices for Oregon real estate have increased significantly in the past year, and the 2016 housing market looks to continue that trend. Homes are spending fewer and fewer days on the market. Why? Nestled between Washington and California, Oregon proceeds to grow as Californians are forced to leave because they can no longer afford… Continue reading 2016 Oregon Real Estate and Housing Market Predictions
2015 Colorado Housing Market Predictions
There is no hotter real estate right now in the county than the Colorado housing market. At the beginning of the year Colorado home prices rose 9.8% between February 2014 and February 2015. And the market keeps moving up. In June the state reported record sales with the average residential property being sold for $377,550.… Continue reading 2015 Colorado Housing Market Predictions
Find Out How Much House Can I Afford With my Salary
Now that winter is almost over thousands of people will begin actively searching for a home. If you’re one of these people the first thing you want to ask yourself is, How much house can I afford with my salary This is important so that you don’t set your expectations too high and find the right… Continue reading Find Out How Much House Can I Afford With my Salary
What Will Happen with Mortgage Interest Rates in 2016
Last year Freddie Mac reported that their lowest 30 year fixed-rate mortgage rates hovered between 3.59% and 4.09%. This is the least amount that rates have moved during a calendar year since 1998. And the continuation of low rates has helped consumers, in particular first time homebuyers. With rent prices rising and mortgage payments staying… Continue reading What Will Happen with Mortgage Interest Rates in 2016
2015 Wyoming Real Estate and Housing Market Predictions
Like much of the Midwest, the slowing oil prices recently have investors cautiously eyeing the Wyoming housing market. But with the price dipping below $50 a barrel, oil-rich communities have yet to see much of a slowdown. One reason is that oil industry workers tend to reside in hotels, rental units, and RV’s. So as… Continue reading 2015 Wyoming Real Estate and Housing Market Predictions
2015 Minnesota Housing Market Predictions
After the serious stagnation of last year, which we covered at large in our report on the 2014 Minnesota housing market, the market has now recovered quite nicely and will reportedly continue to grow into the foreseeable future as well. The housing market predictions for this state (as calculated based on Zillow data), indicate that… Continue reading 2015 Minnesota Housing Market Predictions
2015 New Mexico Housing Market Predictions
In 2014 the New Mexico housing market saw a 3.6% increase in the number of homes sold compared to the year before. The 2015 housing market appears to be continuing the trend and the state could be looking at a record year. The Realtors Association of New Mexico (RANM) reports that there have been 8,806… Continue reading 2015 New Mexico Housing Market Predictions
2015 North Dakota Real Estate and Housing Market Predictions
Like other parts of the South and Midwest, energy and agriculture prices are impacting the 2015 Housing Market in North Dakota. North Dakota is the second highest crude oil producer in the nation, and the slumping oil prices will most likely have some effect on the North Dakota real estate. But while some would view… Continue reading 2015 North Dakota Real Estate and Housing Market Predictions