Paramount Mortgage - Lender's Blog

By The Numbers – Home Sales in March

Home prices and sales posted strong gains in March, according to a survey by national realtor Redfin; and 2017 remains on track to be the fastest housing market on record.

$273,000 – Median sale price

8.9% – Home sales increase over last year

13% – Number of homes for sale decrease compared to last March

Tax Day Tips

Happy Tax Day! If you’re wondering why we would wish that on April 18, click here. Still, we understand that tax day is simply not the happiest of holidays.

All the Single Ladies… are Buying Homes

The news and research about women and money can be disappointing at times. Women earn less than their male counterparts, pay harsher workplace penalties for pursuing parenthood, struggle more with debt, and save less for retirement.

But there’s one area of personal finance where single women are outpacing men in the U.S., and it’s a significant one: home ownership. Data from the National Association of Realtors shows that single women account for 17 percent of homebuyers in the U.S., compared with 7 percent of single men.

Top 5 Real Estate Markets this Spring

As buyers gear up for what could be one of the strongest home buying seasons in recent memory, Ten-X, an online real estate marketplace, released its Top Single-Family Housing Markets Report for spring which ranks the nation’s 50 largest housing markets according to current and forecasted housing data. The top five showed a combination of strong demand, home price appreciation and economic and demographic growth.

25 Famous Proverbs, as Told by a Class of First Graders

This has nothing to do with mortgages and real estate, but it’s just too funny not to share!

A first-grade teacher presented each child in her class the first half of a well-known proverb and asked them to come up with the second half. It's hard to believe these were actually done by first graders. Their insight and humor may surprise you.

1. You can lead a horse to water but....... how?

2. Strike while the.................................. bug is close.

3. It's always darkest before................... Daylight Saving Time.

Spring Into Curb Appeal

April sunshine and showers are turning the lawn. Shades of yellow, pink and purple dot the flowerbeds. Happy homeowners head outdoors to mow, prune, and spruce up the landscaping. Some do so with thoughts of putting their home on the market soon, and upgrading or downsizing to a new home.

By the Numbers – Home Buyers

A recent survey conducted by Zillow sampled more than 13,000 homeowners, sellers, buyers, and renters. Focusing just on the buyers for now, below are a few of the interesting numbers:

36 – Median age of today’s home buyer

$87.5K – Median income

42% - Percentage of all home buyers who are Millennials (18-34 years old)

83% - Are looking for single-family homes

Final Four: Closing Day is Almost Here

Basketball fans all over the country watched on the edge of their seats this weekend as March Madness continued. We’ve seen several exciting games and a surprise or two, and now the Final Four have advanced in the NCAA Basketball tournament. 

Builder Confidence Hits 12-Year High

The National Association of Home Builders (NAHB) reported its new home builder members displayed a surge of confidence this month. The NAHB/Wells Fargo Housing Market Index (HMI) soared 7 points to 71 – the highest reading since June 2005. Numbers for the three component indices were also up, however the increased confidence did not spread nationwide.

Safer Spring at Home

Spring has sprung! Despite the weather roller coaster many areas have been on for the past few weeks, yesterday was the first official day of spring. For the homeowner, this means it is time to focus on spring home maintenance and the ever-dreaded spring cleaning chores.

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