It may be tough to believe but the spring housing market is just about to kick off! We’re expecting a fantastic season, and we know you are too. Get the latest news, industry insights, and real estate forecasts so you can be your best this spring. Where to get them you ask? We’ve prepared them all just for you in this week’s Real Estate Resource Roundup. Enjoy!
Four Reasons to Be Enthusiastic about the Housing Market
The spring housing market is on track for an excellent season thanks to the addition of millennial buyers, steady job growth, and much more! Find out what you should excited about.
Fannie Mae: Expect Fed Rate Hikes in June and December
Despite the Federal Open Market Committee announcing current economic conditions most likely do not justify an increase of the Federal Funds rate that some still expect that the rates will be increased at least twice in this year.
Mortgage Rates Look Good for Spring Buying Season
According to the Freddie Mac Primary Mortgage Market Survey, mortgage rates increased for the second week in a row, only the second increase this year, potentially creating a very attractive situation for the upcoming spring home buying season.
America’s Fastest Growing Cities
These top cities are seeing the most market activity. Find out where all America is growing!
U.S. Multifamily Mortgages Grew at Fastest Pace Since 1993
The amount of outstanding U.S. mortgages for multifamily homes rose to $1.06 trillion in 2015, up 10.4 percent from a year earlier, which was its fastest annual pace since 1993. The rise in multifamily loans helped propel the growth in commercial real estate mortgages by the largest amount since 2007, the Mortgage Bankers Association said.
Lack of Inventory Challenging Many Housing Markets
The biggest challenge the 2016 housing market is currently facing is a severe lack of inventory. Find out what this could mean for your area.
Jump In Single-Family Homebuilding In February May Signal Turn In Housing Market
Groundbreakings on new homes rose significantly on a year-over-year basis on the strength of single-family home construction. Learn more!
In case you missed it here on Clean Slate, Senior Director of Learning Technologies and Solutions Karlton Utter revealed the top 10 tips to get you ready for the spring market buyers! As always, be sure to follow #BHGRE on Facebook and Twitter for more updates.