insider 11_16_17
Photo Source: Landschute

The NAHB Housing Market Index for November increased 2 points to 70—a reading above 50 is considered positive and to signal expansion. This is the second highest builder confidence reading in over 12 years, indicating the housing market is steadily growing. Job and economic growth are helping to drive the demand for housing.

In West Virginia and Ohio, only two and a half years of savings is needed for millennials to put down 20% on a home. Intriguing part is lower downs are still the norm.

Forty-six percent of renters apply 30% of their income to rent. From 2013 to 2016, rental costs in New Orleans, LA increased 10.5% and rents in the largest cities across are still growing.

Initial Jobless Claims for last week were reported at 249K.

Hall Financial (NMLS #1467435) was formed in early 2016, founded on a common mission: to be the most client focused mortgage company in the industry’s history. We were going to stop the trend of treating homeowners and homebuyers as transactions and instead, welcome them as family. We were going to treat them like the queen of England. Here, we bring you up to speed and keep you in the know with the latest housing news, home trends, and more!

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