1 STOP MORTGAGE BLOG!

Americans want bigger houses

Americans want bigger houses    The Hershman Group reports today that Americans are showing they want bigger houses. Or at least that’s what they’re getting. The median size of a new single-family house was 2,467 square feet last year, the biggest on record, according to recently released Census Bureau data. With all that floor space, homes are 61% larger than the median from 40 years earlier and 11% larger than a decade earlier. “McMansion” may not be a popular term post-housing bust. But American homes have not only been getting larger.  Additional...

September 13th, 2016 | Home Sales, Americans want bigger houses

Homes Selling in Less Than a Month! How About Memphis?

States Where Homes Sell in Less Than a Month Daily Real Estate News | Wednesday, July 06, 2016 In some locales, at least half of the properties sold between March and May were on the market for 30 days or less, according to the latest REALTORS® Confidence Index Survey Report. Properties sold the fastest in 12 states: California, Colorado, District of Columbia, Idaho, Iowa, Kansas, Massachusetts, Minnesota, Nebraska, Oregon, Texas, Utah, and Washington, the report shows.Properties are selling faster nationwide, too. In May, homes across the country were typically on the market for 3...

July 12th, 2016 | Home Sales, Homes Selling in Less Than a Month! How About Memphis?

Home Price Gains

Moderate FHFA Home Price Index Gain in April June 23, 2015 by Paul AusickThe Federal Housing Finance Agency (FHFA) reported this morning that U.S. home prices rose 0.3% month over month in April. Compared with April 2013, the house price index has gained 5.3%. The index increase reported for March was unchanged from the initial report of a 0.3% month-over-month gain from February.The FHFA monthly index is calculated using purchase prices of houses with mortgages that have been sold to or guaranteed by Fannie Mae or Freddie Mac. The index is 2.3% below its April 2007 peak and is roughly equiva...

July 4th, 2015 | Home Sales, Home Price Gains

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