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22 July 2016

Real Estate Resource Roundup – 7/22/16

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The summer season is in full swing! With showings, open houses, appointments, and more, it can be tricky to keep up with the latest market updates and industry news.

Luckily, we’ve gathered everything you need to know for a successful summer, in the real estate resource roundup:

Existing-Home Sales Jumped in June — Thanks to First-Time Buyers
There’s good news on the first-time homebuyer front: The share of first-time buyers purchasing homes in June 2016 was the highest recorded since July 2012! Learn more.

U.S. Housing Starts Rose 4.8 Percent in June
Homebuilding in the U.S. rebounded in June, a sign that demand for housing continues to increase as we headed into the second half of the year.

Mortgage Rates Move Higher for Second Week in a Row
Mortgage rates moved higher for the second week in a row as financial markets leveled off after a rocky start to the summer.

Housing Recovery Continues Despite Affordability Obstacles
As lingering effects of the housing crash fade, homeownership may regain some lost ground, but how soon and how much are open to question. Details here.

Home Improvement Spending Set to Hit $321 Billion
Home equity is back! Higher home prices have given people cash back, which they are using for bigger remodeling projects.

Non-Traditional Loans Are Increasing but Still Difficult to Obtain
Rebounding home prices led to an increase in non-traditional loans, though borrowers still need to jump through a few hoops.

Americans Will Pay More to Live Near Transit
Fifty-five percent of Americans say they are willing to pay more for their mortgage or rent in order to get to work and recreational activities without having to use a car, a new study of transit-oriented developments by the HNTB Corp revealed.

Three Ways to Take Charge of Your Schedule
Embrace a busy and inconsistent summer schedule with these three ways to take control of your day!

In case you missed it here on Clean Slate, we shared the best prospecting tips to grow your business. As always, be sure to follow #BHGRE on Facebook and Twitter for more updates.

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