5 real estate predictions for 2015

5 real estate predictions for 2015 WASHINGTON – Nov. 24, 2014 – Expect the home-purchase market to strengthen along with the economy in 2015, according to Freddie Mac’s U.S. Economic and Housing Market Outlook for November. “The good news for 2015 is that the U.S. economy appears well-poised to sustain …Courtesy David Rowzer, Realtor Continue reading

Average 30-year mortgage rate up to 4.12%

Average 30-year mortgage rate up to 4.12% Mortgage Rate Trend Index Expect little change over the short term, say 57% of the industry analysts polled this week by bankrate.com; 29% predict an increase, while only 14% say rates will go lower WASHINGTON (AP) – Sept. 12, 2014 – Average long-term …Courtesy David Rowzer, Realtor Continue reading

Fla.’s housing market continues steady course in 2Q 2014

Fla.’s housing market continues steady course in 2Q 2014 NAR 2Q report: Home price rise slows ORLANDO, Fla. – Aug. 12, 2014 – Florida’s housing market reported higher median prices, more new listings and gains in inventory during the second quarter of 2014, according to the latest housing data released by …Courtesy David Rowzer, Realtor Continue reading

New home sales surge 18.6% – fastest pace in 6 years

New home sales surge 18.6% – fastest pace in 6 years WASHINGTON (AP) – June 24, 2014 – Sales of new U.S. homes rose in May to the highest level in six years, providing the strongest signal yet that housing is recovering from a recent slowdown. New home sales jumped …Courtesy David Rowzer, Realtor Continue reading

Pending home sales edge up in April

Pending home sales edge up in April WASHINGTON– May 29, 2014 – Pending home sales improved for the second straight month in April, according to the National Association of Realtors® (NAR). Gains in the Midwest and Northeast offset declines in the West and South. The Pending Home Sales Index, a forward-looking …Courtesy David Rowzer, Realtor Continue reading

Realtors say good things about commercial real estate

Realtors say good things about commercial real estate WASHINGTON – May 19, 2014 – Realtors® who specialize in commercial real estate expressed confidence and optimism in the market during a forum at the Realtor Party Convention & Trade Expo. Despite a sluggish economy, commercial practitioners report improvements in the market – …Courtesy David Rowzer, Realtor Continue reading

Existing-Home Sales Remain Soft in March

Existing-Home Sales Remain Soft in March Media Contact: Walter Molony / 202-383-1177 / Email WASHINGTON (April 22, 2014) – Existing-home sales were essentially flat in March, while the growth in home prices moderated, according to theNational Association of Realtors®. Sales gains in the Northeast and Midwest were offset by declines in …Courtesy David Rowzer, Realtor Continue reading

Home Sales Take Seasonal Jump in March

FOR IMMEDIATE RELEASE Home Sales Take Seasonal Jump in March (Fort Myers, FL – April 21, 2014) – Lee County single family home jumped seasonally with 37.1percent more closings taking place in March than in February, 2014. A total of 1,068 single family homes closed in March compared to 779 …Courtesy David Rowzer, Realtor Continue reading

Senators push FEMA on flood insurance

Senators push FEMA on flood insurance GRAND FORKS, N.D. – April 14, 2014 – Sen. John Hoeven is among three Republican senators who are pushing a federal agency to make changes to its flood insurance program. Hoeven, along with David Vitter of Louisiana and Thad Cochran of Mississippi, sent a …Courtesy David Rowzer, Realtor Continue reading

Mortgage Rates Dip as Spring Home-Buying Season Begins

Mortgage Rates Dip as Spring Home-Buying Season Begins Mortgage Rates Dip as Spring Home-Buying Season Begins: Averages for the two most popular hybrid adjustable-rate mortgages also slipped slightly from last week: The five-year ARM dropped to 3.09% from 3.12%, and the one-year ARM went down to 2.41% from 2.45%. Analysts are …Courtesy David Rowzer, Realtor Continue reading