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Monthly Archives: June 2013

Could rising prices in the housing market mean a future slowdown?

The housing market has sustained tremendous growth in recent months, which has resulted in an increase in prices around the country. While this can be a positive sign of better things to come, it's important for potential home buyers to monitor the fluctuations in the market as best as possible.

"There is a risk of bubbles in these cities," Robert Shiller, a co-founder of the S&P/Case-Shiller Home Price Index, told Reuters. "House prices increases have been dramatic. It looks like the beginning of the last bubble."

Stock market supports predictions housing market on upward swing

On June 25, the Standard & Poor's/Case-Shiller 20-city home price index was released and revealed that housing prices increased by 12.1 percent in April over last year's rate, which suggests that the overall market has been improving substantially.

According to The Huffington Post, several cities - including San Francisco, Las Vegas, Phoenix and Atlanta - sustained price increases that exceeded 20 percent. Overall, this report surpassed the forecasts of economists.

Lennar Corporation's success signals more signs of recovery

Leading U.S. homebuilder Lennar Corporation noted that they had a 27 percent increase in orders over the springtime, which reveals the extent to which the housing market has recovered in recent months.

"... The housing recovery is still very much intact and the fundamentals of that recovery remain solid," Chief Executive Stuart Miller said during a post-earnings conference call with the Chicago Tribune.

Recent reports show profit gains in housing market

Released on June 25, the S&P/Case-Shiller Index revealed that property values increased 12.1 percent from April 2012, reaching its highest point in more than seven years.

According to Bloomberg News, a strengthening job market and low mortgage rates are among the reasons that housing continues to recover positively.

How to find the best house for your budget

Homeowners who have had time to research the housing market know that now is a great time to invest, and with resources like jumbo loans, it's possible for people to access up to $2 million in funds toward the homes of their dreams.

But even with jumbo loans, it's essential that prospective buyers try to get the most bang for their buck and really search for a property that fits their financial situations as well their plans for the future.

NAHB survey reveals housing construction stronger than ever

On June 17, the National Association of Home Builders (NAHB) released the results of their June index, which demonstrated that the housing market has reached 52 on the scale, the highest it has been in seven years.

This is a fantastic development that suggests that now can be a great time to invest in a new home, and with jumbo loans - which offer amounts of up to $2 million and refinancing or cash options totaling $400,000 - buyers have more opportunities to purchase their dream houses.

What issues should homeowners be on the lookout for?

It's never been a better time than now to purchase a new home. According to recent reports from National Association of Realtors and other groups, the sale of new homes has been steadily rising.

In April 2013, the rate increased at an annual pace of 454,000, representing a 12 percent increase from figures released in March and a 13 percent growth from the statistics published last year, CNN Money reported.

Where are the best places to buy in the housing market?

For individuals who are looking to buy homes, jumbo loans can be a great resource. With grant loan amounts totaling up to $2 million and refinancing or cash options available for up to $400,000, jumbo mortgages can help would-be homeowners capitalize on the ever-improving housing market and take advantage of deals in their areas.

Yet when it comes to picking the right place to call home, there any many factors to consider. Some prize the aesthetics of a home, while others look for structural aspects like a good roof, clog-free gutters, newly renovated siding and especially updated windows.

Deadline for Making Home Affordable Program extended to 2015

The deadline to apply for the Making Home Affordable Program, which works to prevent housing foreclosures for families and improve the housing market nationwide, has been extended, according to the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development (HUD), through Dec. 31, 2015.

The program, which was developed by the Obama Administration and launched in March 2009, has helped close to 1.3 million homeowners. The Home Affordable Modification Program - which helps to modify the terms of a homeowner's mortgage to make payments more affordable - is one of the services provided under the program and has been used by more than 1.1 million homeowners.

Index reveals the time is right to purchase homes

There's never been a better time to invest in a new home, according to the results of the S&P/Case Shiller composite index, which measures the housing markets of 20 metropolitan areas.

The index revealed that the purchase of new homes has increased by 10.9 percent year over year from 2012.