There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize,
Real Estate News
New home sales fall as interest rates rise and existing housing supply increases:
Sales of newly constructed homes in the U.S. dropped in April by 4.7% month-over-month and 7.7% year-over-year, according to the U.S. Census Bureau and the Department of Housing and Urban Development. The decline in new home sales from April of last year was the first yearly decrease in 13 months and the dip was the largest since March 2023. The pullback in new home sales, which was based on signed contracts, was due primarily to the surge in mortgage rates and the increase in inventory in the resale market. With interest rates off from their recent peaks and builders stepping up their use of incentives in the past few weeks, sales in the new home market should see a bounce back in May. On the supply side, the number of for-sale properties continued to increase with new home inventory rising to 480,000 units in April, the highest level since early 2008. The median sales price for new homes, meanwhile, dipped 1.4% from March but climbed 3.9% from a year ago to $433,500.
SOURCE: California Association Of Realtors
Real Estate Blog
If you’re considering buying a home in a community governed by a Homeowners Association (HOA), you’re not alone. HOAs are common, offering a structured community environment with shared amenities and well-maintained surroundings. However, navigating life with an HOA can come with its own set of challenges and benefits. Here’s a handy guide to help you make the most of your HOA experience.
Navigating the world of home financing can be complex, especially when deciding between a mortgage broker and a mortgage banker. Understanding the distinctions between the two can help you make an informed choice that best suits your financial needs and goals.
As the effects of climate change continue to intensify, the repercussions are reverberating throughout various sectors, including the home insurance industry and the broader U.S. housing market. With each passing year, extreme weather events fueled by climate change are leaving an indelible mark on the affordability and availability of home and fire insurance across the nation.
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I met Mr Hyde in 2017 while searching for someone to help my sister in law who was in a financially challenging position
I was referred to Lamont Hyde from a neighbor of mine who had used him to purchase her home a few years back. My mother had past away a few months
My wife & I never thought we could afford to own our home. We were currently living with my mother since being married 8 years ago.
