Mortgage rates in the first week of May fell once again, and this time to the lowest level since November 7, 2013.
Home prices rose year-over-year for 25 months straight in March. Home prices nationwide, including distressed sales, grew 11.1% in March from one year prior. Home prices are projected to increase by 6.7% from March 2014 to March 2015.
Most housing markets have recovered. 59 metro markets have fully recovered from the last housing market crash, and 300 saw year-over-year gains. According to experts, this may be the best time for the buyer who is on the fence.