by Coos Bay Properties According to a report from the Commerce Department, new U.S. single-family home sales in October soared, jumping to a seasonally adjusted rate of 444,000, a 25.4% increase from earlier months and the highest rate seen since April 2013. The vice president of mortgage informa
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12/09/2013
by Coos Bay Properties Home prices spiked in September according to a survey showing that single family home prices in the United States experienced the largest annual gain in nearly eight years. Although home prices may scare off potential homebuyers, experts suggest that the housing market is o
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11/27/2013
by Coos Bay Properties Zillow’s Real Estate Market Report showed that home prices have jumped approximately 6% year-over-year. The Home Value Index increased to $163,000 by the end of last quarter, a 6.4% growth from 2012. Although home prices and mortgage rates have grown considerably since last
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10/25/2013
by Coos Bay Properties According to housing market experts, the government shutdown could possibly hurt the growth of the housing industry. Since the housing crash took place in 2008, lenders requested more financial information from borrowers, including tax returns. Experts say that as long as t
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10/05/2013
by Coos Bay Properties According to Lender Processing Service’s First Look mortgage report, which covers approximately 70% of the Unites States mortgage market, foreclosures and mortgage delinquencies have dropped considerably across the U.S. The loan delinquency rate averaged 6.20% last month, d
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09/28/2013
by Coos Bay Properties Single-family housing construction picked up in August along with future construction permits. According to the Commerce Department, single-family housing starts jumped 7.0%, the highest level seen in 6 months, averaging an annual rate of 628,000 units. Construction permits
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09/20/2013
by Coos Bay Properties Freddie Mac stated that mortgage rates remain unchanged from last week. Experts expect rates to take a vast and speedy turn next week as the Federal Reserve is scheduled to address the bond purchase program. 30-year loans averaged 4.57% this week while the 15-year loan also
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09/14/2013
Coos Bay Properties Foreclosures dropped in the U.S. according to a report released by CoreLogic. As further proof the housing market continues to make significant strides in recovery, foreclosures fell by 65,000 in July. The number of completed foreclosures averaged around 49,000, down 4,000 fro
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08/30/2013
by Coos Bay Properties U.S. mortgage rates increased to the highest level seen in two years as home sales pick up. According to Freddie Mac, the average 30-year fixed mortgage jumped to 4.58% while the average 15-year rate increased to 3.6%, the highest levels reported since mid-2011. Chief Execu
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08/25/2013
by Coos Bay Properties An increasing number of Americans who lost their homes during the recession are making great strides and becoming homeowners once again. According to national housing industry research firm, John Burns, approximately one in ten home buyers in 2013 have experienced foreclosu
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08/09/2013
