Market Trends

30
Jan
2020

The Average Mortgage Payment Is Declining. Here’s Why.

CBC National Bank Mortgage 0 Comment

According to a report that was recently published by the United States Census Bureau, the average mortgage payment has been dropping. According to the bureau, the average payment is just over $1,500 per month. This is shockingly close to the average cost of renting, which is just under $1,500 per month.

29
Jan
2020

Case-Shiller Reports Growth In Home Prices In November

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Case-Shiller Home Price Indices reported that national growth of home prices rose by 0.30 percent in November. Analysts said that slim inventories of available homes boosted home prices. Whether or not home price growth continues gaining speed depends on variables including supplies of homes for sale, affordability and home-buyer confidence in the economy.

28
Jan
2020

Eight Signs You’re Ready To Stop Renting And Buy A Home

CBC National Bank Real Estate 0 Comment

For many people, owning a home is seen as a rite of passage. At the same time, purchasing a home is expensive. As a result, many people end up renting for an extended period of time.

10
Jan
2020

10 US Cities With Highest Mortgage Denial Rates

CBC National Bank Mortgage 0 Comment

For many, owning property is seen as a rite of passage. At the same time, for most people, accomplishing this dream is largely dependent on the approval of a mortgage. For this reason, it is important for people to think carefully when deciding who to ask for a mortgage. Some cities have a higher mortgage approval rate than others.

09
Jan
2020

What Is A Short Sale?

CBC National Bank Real Estate 0 Comment

Nobody enters into a mortgage assuming they are going to fall short on their payments; however, life happens and borrowers might need a way out. In serious situations, lenders may elect to foreclose on homeowners who are unable to make their mortgage payments. Fortunately, there might be another way out. This is called a short sale.

08
Jan
2020

Why Buying A Home In An Adjacent Area To The Best Neighborhood Is A Wise Strategy

CBC National Bank Real Estate 0 Comment

Have you ever seen a scientific experiment with things growing in a Petri dish? This is a metaphor for how neighborhoods grow as well. Things in a Petri dish grow towards the areas that have more nutrition to attract them and repel from areas that have bad things that they do not want.

31
Dec
2019

5 Excellent Pathways To Home Ownership For Millennials

CBC National Bank Real Estate 0 Comment

Millennials are a huge socio-demographic group of over 83 million people. Many of them want to buy a home but face challenges that their parents did not necessarily have. Homes are more expensive. In most places, home prices rebounded to exceed the pre-2008 economic collapse values. Moreover, home prices continue to go up.

26
Dec
2019

Questions To Ask When Transitioning To A Retirement Community

CBC National Bank Real Estate 0 Comment

One of the dreams that many people have is to eventually retire. People work their entire lives and save diligently to be able to enjoy those golden years. When the time finally comes, people need to think about the community that is right for them. With this goal in mind, there are a few common questions that everyone should ask to find their ideal retirement community.

24
Dec
2019

Tips On How To Get The Home You Want In A ‘Seller’s Market’

CBC National Bank Real Estate 0 Comment

A “seller’s market” happens when there are more potential buyers than homes for sale. In a seller’s market, people looking for a home may feel frustration and not easily find the home that they want. When they find a home for sale that they like, the seller of the home may receive multiple competitive offers at the same moment.

19
Dec
2019

Culture Clash: Why Boomers Are Moving Back to Big Cities

CBC National Bank Real Estate 0 Comment

“Baby Boomers,” defined as people who were born between 1946-1964, are the wealthiest generation to ever retire, as well as the largest. According to U.S. Census Bureau projections, the population of people 65 and older will increase by 36% between 2013-2023 and is expected to outnumber children by 2034 — for the first time in U.S. history.

The Average Mortgage Payment Is Declining. Here’s Why.

Case-Shiller Reports Growth In Home Prices In November

Eight Signs You’re Ready To Stop Renting And Buy A Home

10 US Cities With Highest Mortgage Denial Rates

What Is A Short Sale?

Why Buying A Home In An Adjacent Area To The Best Neighborhood Is A Wise Strategy

5 Excellent Pathways To Home Ownership For Millennials

Questions To Ask When Transitioning To A Retirement Community

Tips On How To Get The Home You Want In A ‘Seller’s Market’

Culture Clash: Why Boomers Are Moving Back to Big Cities

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