Summer Knight
Summer Knight
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Housing Update: Start of 2015

The housing market was still underperforming in February, according to the National Association of Realtors. With just a slight bump up from January, total sales are still running below expectations for the year due to the lack of supply. The number of homes for sale, which is down from a year ago and well below […]

2015 Interest Rate Projections

Frank Nothaft, Freddie Mac’s chief economist, stated that with both mortgage interest rates and home prices projected to increase in 2015 buying now makes sense. “If you are planning to buy a home in the next year, it’s better to do it sooner rather than later.” Here are the latest mortgage interest rate projections from […]

Foreclosures Drop!

Foreclosure filings hit a seven-year low in February 2014, according to RealtyTrac’s monthly foreclosure report. There were 112,498 foreclosure filings in February, a 10 percent decrease from January and a 27 percent drop from the same time in 2013. This level of foreclosure filings, which includes default notices, scheduled auctions, and bank repossessions, is the […]