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Category: Uncategorized

Gap Widens Between What Buyers Want, What’s for Sale

July 2, 2019 Chris B. Georgakopoulos

Home buyers are finding fewer homes for sale that are meeting their price expectations. Half of all home buyers say…

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Greater Affordability Revives Pending Home Sales

July 1, 2019 Chris B. Georgakopoulos

Pending home sales bounced back in May from a dip the previous month, a sign that home buyers are returning to…

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Mortgage Rates Haven’t Been This Low Since 2016

Chris B. Georgakopoulos

For the seventh time in the last nine weeks, the 30-year fixed-rate mortgage dropped, reaching the lowest average since November…

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10 Projects That Blow Fixer-Uppers’ Budgets

June 28, 2019 Chris B. Georgakopoulos

Many homeowners who purchase a fixer-upper say it was because they believed they’d save money. But they actually end up…

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Flood Threats Prompt Call to Raise Houses

Chris B. Georgakopoulos

Government officials in some cities want to make it easier and less expensive to raise homes near coastal areas that…

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New-Home Sales Plunge, Despite Low Mortgage Rates

June 27, 2019 Chris B. Georgakopoulos

While housing affordability has been getting a hand from lower mortgage rates, it wasn’t enough to lift new-home sales last…

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It Turns Out Tiny Homes Are Too Small for Some Enthusiasts

June 18, 2019 Chris B. Georgakopoulos

Over the last few years, some homeowners have swapped out spacious digs for 300-square-foot homes, favoring simplicity and lower costs.…

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Quicken Loans to Pay $32.5M in Suit Over Faulty FHA Loans

Chris B. Georgakopoulos

Quicken Loans has agreed to pay $32.5 million to settle claims that the lending giant resold faulty mortgages to the Federal…

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Mortgage Rates Hold at 2-Year Lows for Another Week

June 17, 2019 Chris B. Georgakopoulos

Home buyers are reaping some of the lowest borrowing costs in years this buying season. The 30-year fixed-rate mortgage remained unchanged…

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Long Island Housing Data for May 2019

Chris B. Georgakopoulos

The May 2019 closed median home price for Long Island, which includes Nassau, Suffolk, and Queens housing data, was $465,500…

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