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Latest Blogs

Millennial's Define Wealth Differently
Owning a Home still is a big factor in Millennial's feeling "wealthy", but it is not the number one factor.
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Top Concerns for Millennial Buyers
According to a recent survey, the top concern among first-time millennial homebuyers was having enough money for a down payment, with 50 percent citing that response, followed by affording a home in their preferred location (45%) and rising home prices (41%).
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New Home Sales Jump
Sales of new single-family houses in May 2018 were at a seasonally adjusted annual rate of 689,000, according to estimates released jointly today by the U.S.Census Bureau and the Department of Housing and Urban Development.
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Home Builder Confidence High Despite Rising Costs
The June National Association of Home Builders/Wells Fargo Housing Market Index came in at a very strong reading of 66. The index stood at 66 last year in June 2017. A reading above 50 is considered positive sentiment.
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Home Flipping Rate Matches Six Year High
Inventory levels of homes for sale have been at or near all-time low's all year long.  So, it is great news that home "flipping" is going strong.
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Pending Home Sales Index Strong
The National Association of Realtors latest Pending Home Sales Index was just released and came in at a very strong 106.4.  According to the NAR, any reading above 100 is above historical norms.
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Home Prices Rise at Fastest Pace in 5 Years
The Case-Shiller Home Price Index was released today and it showed a year-over-year gain of 6.79% in their key 20 Metro City Composite Index, which is the fastest appreciation rate since 2014.
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Homeowners Plan to Pump over $13B in Tax Savings into the Housing Market
The Tax Cuts and Jobs Act (TCJA) enacted in December is likely to result in tens of billions of dollars being reinvested into housing in some form or another – despite the fact the legislation expressly limited a number of longstanding tax benefits for homeowners.
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What's the Best Day to Put Your Home on the Market?
To sell for the most money, you should put your home on the market on a Wednesday. To sell the fastest, list on a Thursday. Avoid Sunday, which is the worst day to list. This is according to Redfin that analyzed a sample of 100,000 homes that sold in 2017 and reviewed the results.
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Housing Trust All-Time High
The Fannie Mae Home Purchase Sentiment Index® (HPSI) rose 3.4 points in April to 91.7, marking a new all-time survey high.
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Mortgage Delinquencies Fall to 12 Month Low
In yet another sign of the seemingly ever-strengthening housing market, homeowners are keeping current on their mortgage payments as mortgage delinquencies fall to a 12 month low.
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Home-Buying Demographics
Millennials are now buying more homes than any other group with thirty-six percent of all home purchases were made by that generation over the last year. That makes millennials the most active generation in home buying for the fifth straight year. Gen-Xers ranked second at 26%, followed by younger and older baby boomers at 18% and 14%, respectively. The silent generation – those born between 1925 and 1945 – accounted for 6% of homebuyers over the last year.
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More Taxes = More Homes For Sale?
Vancouver is slapping thousands of empty homes with a new tax as part of a government effort to tame the out-of-control Real Estate bubble that just won't quit there and is being closely watched by many U.S. metro markets to see if it works.
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Home Prices up 51% from the bottom in 2011
Home prices across the US have grown 51% since they bottomed out in March 2011, with prices in most markets returning to peak levels after dropping 33% during the recession.
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Gold Canyon Mortgage Blog