U.S. Housing Market News With a Local Angle

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Housing Market News With a Local Angle

Welcome to the Home Buying Institute. We provide “hyper local” housing market news for cities and metro areas across the United States. We do this by researching local real estate trends and also by soliciting input from local real estate professionals. In fact, the Home Buying Institute is currently building a nationwide team of housing reporters to cover trends and conditions at the local level.

We have been educating home buyers, sellers and mortgage shoppers for more than 10 years. We provide unbiased information that helps buyers and sellers make better-informed decisions. You can learn more about our company and our goals on this page.

Most Recent Stories

Summer Mortgage Rates Enter 4% Range; First Time Since November

The temperature is rising and so are U.S. mortgage rates. This summer, the average rate for a 30-year fixed home loan rose into 4% territory for the first time since November of last year. The million-dollar question is, how long and how high will they climb? Here’s what home buyers need to know.

Interest-Only Home Loans More Common in 2015, But Just as Risky

More lenders are offering interest-only home loans in 2015. But they’re still as risky as ever. These mortgage products have serious downsides that most borrowers don’t even think about, partly because lenders tend to downplay them in their marketing literature. Here’s what you need to know about them.

Update: FHA Loan-to-Value (LTV) Limits for 2015 – 2016, Still at 96.5%

It appears as though the FHA loan-to-value (LTV) ratio limits for 2016 will be the same as this year, at least for a regular purchase loan. HUD recently released their new Single Family Housing Policy Handbook, which takes effect in September 2015. The maximum LTV for most home buyers will continue to be 96.5%.

Housing Market Update Summer 2015: Five Things Home Buyers Should Know

Mortgage rates jumped last week, but they probably won’t rise much higher for a while. Home prices, on the other hand, appear to be rising steadily in most parts of the country. On the supply side, there are more homes listed for sale these days, and that’s good for buyers. You can learn more about current real estate conditions in our Summer 2015 Housing Market Update.

Prediction: Washington, D.C. Home Prices Will Be Slowed by Inventory

According to a recent prediction, home prices in Washington, D.C. are expected to rise more slowly over the next year or so (compared to the last 12 months). This is largely the result of inventory gains. In short, there are more homes available these days, and it’s taking some of the steam out of house value appreciation.

Housing Market Friendlier to Buyers, as Inventory Crunch Eases

Over the last couple of years, home buyers in the U.S. have faced a severe lack of inventory. But a recent report by Realtor.com suggests that more homes are coming onto the market, which could make things easier for those in the market to buy. But you still need to bring your ‘A’ game.

10,000 Phoenix, Arizona Homeowners Eligible for HARP Refinancing

Approximately 10,000 homeowners in the Phoenix metro area are eligible for the HARP refinancing program, and they could save $2,400 per year (on average). This is according to a recent report from the Federal Housing Finance Agency, which oversees the popular program.

Top 10 Housing Markets With Highest HOA Fees in 2015

New York City has the highest homeowner association (HOA) fees out of the 100 largest metro area in the U.S. Several California cities also appeared in the top ten. This is according to a recent ranking by the economists at Trulia.

San Francisco Housing Market Sizzles in 2015: Prices Up 10% Annually

According to a recent report, San Francisco home prices rose 10.3% in March 2015 compared to the same month a year ago. That was the biggest annual gain of any city included in the report, and one of the largest in the entire U.S. This comes on the heels of a similar study that showed houses are selling quickly in the city.

Average Real Estate Agent Salary for 2015: Approximately $44,354

How much do real estate agents in the U.S. earn each year, on average? According to PayScale, a company that claims to have the largest database of salary profiles, the average annual income is around $44,000. But some earn much more than this, particularly those who work in high-priced housing markets like San Francisco and New York City.