Mortgage Rates are the Lowest they’ve Been All Year

Mortgage rates were at a 2017 low point heading into the holiday weekend, according to Bankrate.com’s weekly national survey.

The benchmark 30-year fixed mortgage rate dropped to 3.97 percent last week, from 4.02 the week before.

This is the first time the 30-year fixed…

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The Unaffordable Apple

New York City (aka The Big Apple) has always been an expensive place to live. However, things have recently gotten completely out of hand.

According to New York City local real estate marketplace StreetEasy, rents have increased twice as fast as wages in the Big Apple since 2010.

In fact…

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Number of Million Neighborhoods on the Rise

The U.S. has gained 346 new $1 million neighborhoods since 2014, as rising home prices push formerly middle-class housing into 7-figure territory, according to new data from online real estate company Zillow.

Nearly one in 20 U.S. residential ZIP codes now meet Zillow’s definition of…

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Foreign Homebuyers Add $18.66 billion to Texas Economy

Texas home sales from international buyers added $18.66 billion to the Texas economy from April 2016 to March 2017, according to a report from the Texas Association of Realtors.

Attracting buyers from across the globe, Texas ranked second among U.S. states for international home sales volume.

There were…

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Many Americans Worry about a Real Estate Price Correction, ValueInsured Finds

Americans have simmering concerns about overheated home prices and increasingly suspect that a housing price correction may be imminent, according to the down payment protection specialists at ValueInsured, in the firm’s latest Modern Homebuyer Survey.

First, the positive indicators: Home prices are rising and inventory is low, keeping housing…

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