Did you know September is REALTOR® Safety Month? We always encourage our agents to stay safe and aware when meeting with clients, showing homes, and traveling.
Now let’s catch up on all the latest news and industry updates with the real Estate Resource roundup:
Mortgage Applications Jump
Total mortgage application volume rose 4.2 percent on a seasonally adjusted basis last week, according to the Mortgage Bankers Association. The results were adjusted to account for the Labor Day holiday.
Home Prices Up 5.61 Percent
Home prices in nearly every market are rising, meaning potential buyers may be better off buying now instead of waiting.
Thirty-Year Mortgage Rate Moves Above 3.48 Percent
The 30-year, fixed-rate mortgage increased for the first time since Brexit. This is a jump up from last week but is still down from last year’s 3.91%.
Housing Markets Move More Into Buy Zone
The U.S. housing market is moving deeper into “buy territory,” which indicates that the majority of housing markets remain a sound investment. Learn more here.
Consumers’ Inflation and Expectations Rise
Median expected household income growth also increased (for the third month in a row) to its highest level since May of 2015 while labor market expectations were mixed. Here’s what to know.
Home Ownership Rates to Plunge as Millennials Are Left Behind
The rate of home ownership among those aged 35 years and under will continue to fall until at least 2025, according to new research.
Real Estate Investing Trends for Fall 2016
As fall rolls in, take a look at growing real estate trends across the nation and how they’ll shape the coming months.
In case you missed it here on Clean Slate, BHGRE Kansas City’s Leslie Hogan shared her social media marketing insights and steps to success. As always, be sure to follow #BHGRE on Facebook and Twitter for more updates.
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