by David Floyd | Jan 2, 2019 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market
Sales contracts for previously-owned homes in the U.S. unexpectedly dropped in November, marking the second month of declines. The index of pending home sales fell 0.7 percent month-over-month in November, according to recent data released by the National Association...
by David Floyd | Dec 29, 2018 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market
The rate at which home prices are increasing appears to be slowing down, according to the latest Case-Shiller National Home Price Index. Fewer than half of the cities tracked by the organization posted price increases on an unadjusted basis in October, with annual...
by David Floyd | Dec 21, 2018 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market
Housing inventory in the U.S. increased in November, shifting the balance of supply and demand more toward home buyers’ favor. According to a recent report from Redfin, the inventory of available residential real estate gained 5 percent in November when compared to...
by David Floyd | Dec 3, 2018 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market
Apartments are getting smaller, yet renters are paying more. This troubling trend could become a growing problem for younger and lower-income individuals, especially those who wish to save up for a down payment on a house. According to a recent report from CNBC, the...
by David Floyd | Nov 25, 2018 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market
After six straight months of declines, the number of existing-home sales crept back up in October, according to the latest data from The National Association of Realtors® (NAR). Total existing-home sales are defined as completed transactions that include singe-family...
by David Floyd | Nov 24, 2018 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market
There’s a new plan in works that may eliminate the need for in-person home appraisals for real estate transactions priced below a certain figure. The proposal could save home buyers and those who are refinancing hundreds of dollars, not to mention speed up the sale...