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Theresa Springer’s Blog

Housing Market to Drive GDP

Bill Greiner makes a fairly convincing argument in Forbes that the housing market will be driving real GDP growth upwards of 3% over the next 18 months. He distinguishes between existing home sales and new home sales, and gives an explanation of key factors: employment, confidence, affordability, alternatives, and tax impact. Additionally, he looks at ... MORE

Existing Home Sales Improve

Existing home sales in the United States have jumped, reaching a 6 1/2 year high last month. Home Sales grew to an annual rate of 5.48 million units in August, a 1.7% increase according to the National Association of Realtors. Lawrence Yun, NAR chief economist said, “rising mortgage interest rates pushed more buyers to close ... MORE

Mortgage Rates Stabilize

Mortgage rates have stabilized after many months of continuous growth, according to Freddie Mac. The average 30-year fixed rate loan fell .06% last week. Experts say that even as the housing market in general begins to stabilize and slightly drop, rates are still much better than last year and will continue to help the economy ... MORE

Favorable Results For Housing Market

Home prices and rental rates increased over the last year. Chief economist, Lawrence Yun,  at the National Association of Realtors said, “home sales are on a sustained uptrend, mortgage interest rates are hovering near record lows and unsold inventory is at the lowest level in 12 years, our population has been growing faster than overall ... MORE

Housing Market Recovery Rises To 51%

The housing market is continuing to improve according to Trulia, an online residential real estate site. The housing market in October was suggested to be 47% back to normal. Last month the U.S stepped over the halfway mark making the housing market recovery adjust to 51%. Trulia’s barometer showed housing starts 37% recovered, existing home ... MORE

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Call Theresa Springer (MLO #70667/NMLS #70667) today at 360-798-4161 to see the difference that working with an experienced home loan professional can make for you.