According to 2014 spring housing market data, this year will be prime time to sell. Mortgage rates are still historically low, and many sellers have been putting off selling their homes until the brutal winter has come to an end. Experts say there are a few things to keep in mind when selling your house this season, such as keeping the price right by researching homes that have sold in your area during the last 60 days, staying on top of your competition, and making your housing photo and description “pop” on mobile devices. More here

The number of Americans who want to buy a home this year is growing, but following through with the act may be a difficult task. Zillow’s chief economist Stan Humphries said, “the dream of homeownership remains very much alive and well, but these aspirations must also contend with the current reality, and in many areas, conditions remain difficult.” According to a recent survey in 20 metropolitan cities, 5% of residents and 10% of renters want to buy a home over the next year. Morehere

According to the National Association of Home Builders, home builder sentiment in the United States increased this month. The NAHB/Wells Fargo Housing Market index jumped one point from last month averaging 47, still lower than many economists had predicted for March. February was the first month the housing market index fell below 50, and many experts expect the number to continue to increase as we make our way into the spring buying season, though concerns are still abundant. Morehere

According to reverse mortgage rules, when the owner of a home enrolled in a reverse mortgage moves out of the current home or passes away, the loan payoff is due shortly after, leaving many heirs in a complicated financial situation. Experts are encouraging people to let their heirs know about their reverse mortgage to help avoid future financial problems. If both spouses’ names are on the mortgage and one spouse passes away, the reverse mortgage will not require immediate payoff and will continue as designed. Adult children and spouses not on the mortgage will be expected to pay the loan off in full within 6 months following the borrower’s death. More here

Home prices have jumped, and in turn, an increasing number of houses have been put on the market, increasing supply in many U.S. cities. The median home price averaged $199,000, up 7.6% from this time last year. Home sellers and economists are hoping for a large spring buying season that will help the housing produce more positive data. Many experts suggest that seller confidence is one of the main factors to watch as we go into the spring buying season, and according to the data, confidence seems to be growing. More here