The next couple of weeks in real estate forecast news would be bringing what April will probably see. According to a recent real estate forecast news, current mortgage rates are lower than March's numbers, which means that it is alarmingly close to being the lowest rates in three years.
The new market forecast meant that buyers' chances of qualifying for mortgage loans had increased. According to a report by the Mortgage Bankers Association, applications increased 10 percent just this week. For the past four weeks, the average applications are up by 20 percent compared to the same period in 2015.
United States citizens are actively looking at the current listings on realtor.com. There are 2 percent fewer homes for sale right now in the U.S. compared to the same period in 2015. In contrast, there are 137,000 new listings that have been published so far this April.
The time that listings spend on the market was dropping off as well, as a result of the increasing number of home buyers, which is growing faster than listings. The median age of a listing on the market fell to 14 days during the first half of April compared to the first half of March. Some examples include places like Aurora, Littleton, Arvada and in some parts of Denver, Colorado, a listing's median age fell to less than 7 days.
Great weather in the near future will likely bring more people looking at available homes and open houses for the rest of the month. After April's cool start, the next 10 days is expected to bring near perfect weather, according to Cleveland weather forecast.
The New Hampshire's housing market, on the other hand, is registering the highest sales numbers because of pent-up demand, according to a feature by Unionleader. The forecast also indicated that it will be warmer in most major markets with a slight increase in the chances for showers compared to last year.
Buyers should check real estate forecasts and consult with an expert to help with their decision making when purchasing homes, according to a feature by Realtor.
