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QUOTE OF
THE WEEK... "Every spring is the
only spring, a perpetual astonishment." --Ellis Peters (nom de plume of Edith Pargeter), English author
INFO THAT HITS US WHERE WE LIVE... Every spring housing market is also a perpetual astonishment. The Mortgage Bankers Association (MBA) reported mortgage applications for new homes up 17% in March over February. The MBA's VP of research added, "applications for new home purchases during the first quarter of 2015 increased 20% relative to the first quarter of last year." He explained, "job openings are up, wages are beginning to increase more robustly, and mortgage rates remain low, all of which contribute to stronger housing markets." For the week ending April 3, the MBA had purchase applications up 7%, to their highest level since July 2013.
Check out some more astonishments. A leading real estate information firm reports that the monthly payment on a median-priced home is more affordable than the monthly fair market rent on a three-bedroom property in 76% of U.S. counties. They said "renters who have saved enough to make a 10% down payment are better off buying in the majority of markets across the country." A property valuation company's annual appreciation forecast grew 3.2% in the last quarter, up for the eleventh quarter in a row. Lastly, an analytics provider found that at today's mortgage rates, there are 7.1 million refinance candidates, up from 4.1 million in February 2014.
BUSINESS TIP OF THE WEEK... More than 60% of Google searches are on mobile devices, so on April 21 the company will roll out a major ranking algorithm update that favors mobile-friendly, "responsive" sites. Make sure yours is ready.
INFO THAT HITS US WHERE WE LIVE... Every spring housing market is also a perpetual astonishment. The Mortgage Bankers Association (MBA) reported mortgage applications for new homes up 17% in March over February. The MBA's VP of research added, "applications for new home purchases during the first quarter of 2015 increased 20% relative to the first quarter of last year." He explained, "job openings are up, wages are beginning to increase more robustly, and mortgage rates remain low, all of which contribute to stronger housing markets." For the week ending April 3, the MBA had purchase applications up 7%, to their highest level since July 2013.
Check out some more astonishments. A leading real estate information firm reports that the monthly payment on a median-priced home is more affordable than the monthly fair market rent on a three-bedroom property in 76% of U.S. counties. They said "renters who have saved enough to make a 10% down payment are better off buying in the majority of markets across the country." A property valuation company's annual appreciation forecast grew 3.2% in the last quarter, up for the eleventh quarter in a row. Lastly, an analytics provider found that at today's mortgage rates, there are 7.1 million refinance candidates, up from 4.1 million in February 2014.
BUSINESS TIP OF THE WEEK... More than 60% of Google searches are on mobile devices, so on April 21 the company will roll out a major ranking algorithm update that favors mobile-friendly, "responsive" sites. Make sure yours is ready.
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