Rising Home Prices Might Be Unsustainable In 2017

Home prices are rising fairly dramatically, but those eye-popping increases could be unsustainable in 2017. According to the S&P/Case-Shiller index , home prices rose 5.8 percent annualized gain in December, a pretty dramatic increase, even as mortgage interest rates rose. Housing experts say that as the cost of buying a home accelerates, you shouldn’t be seeing home prices rise – at least not over a long period. “Rising mortgage rates should not be boosting home prices, yet home values accelerated with a 5.8 percent annual gain in December (according to the S&P/Case-Shiller home price measurement). Price gains had been a tad lower in the prior months,” said National Association of Realtors  (NAR) Chief Economist Lawrence Yun

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A Valentine’s Day Surprise for Home Buyers, Owners and Sellers

It turns out that Valentine’s Day isn’t the only good thing about February. The spring homebuying season has kicked into gear and it turns out that this month is actually the best month to buy a home. Homebuyers looking for a deal should act fast. According to data compiled by ATTOM Data Solutions, February is a great month for home buyers, sellers and owners, which translates into it being a better time for home bargains than the so-called “traditional” homebuying seasons of spring and fall. A combination of fewer buyers competing for homes (and the resulting lower home prices) often mean that some of the best homebuying days of the year occur this month. In these days of low inventory and lots of competition, finding a homebuying edge is even more important. So here’s the full scoop on why February is such a great month to buy a home and what prospective homebuyers should look for. February discounts on homes According to the ATTOM data, the month of February had the fewest homes sold compared to the rest of the year over the past 16 years – just over 3 million homes were sold in that month (over 16 years) compared to more than 4 million in most of the other months of the year. The data shows that those homes that did sell were bought at just over a 6 percent discount

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Managing Mortgage Payments in Retirement

If you’re nearing retirement and still carrying a mortgage you’re probably worried about managing your mortgage payments in retirement. And, who could blame you? A new survey by the American Institute of CPAs found that retirees’ biggest concern is  running … Continue reading

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