Real Estate News

Oct. 15, 2018

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

MARKET UPDATE

Fannie Mae's Home Purchase Sentiment Index (HPSI) slipped a tick overall in September, though the share of respondents who say now is a good time to buy rose by 5%.

The ADP and Moody's Analytics National Employment Report revealed 34,000 construction jobs were added to ...

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Posted in Real Estate News
Oct. 8, 2018

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

MARKET UPDATE

Realtor.com reports 465,000 new listings hit the market in September, up 8% from the year before, the largest annual gain in five years. The hot sales pace left inventory flat, but it's expected to increase soon.

Prices are already beginning to moderate, as the August ...

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Posted in Real Estate News
Oct. 1, 2018

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

MARKET UPDATE

New Home Sales went up 3.5% in August, though most of the gain came from a downward revision to July. Yet the trend is higher: sales the first eight months of this year are up 6.8% from the same period in 2017.

But Pending Homes Sales ...

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Posted in Real Estate News
Sept. 25, 2018

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

MARKET UPDATE

After a slow June and July, Housing Starts shot up 9.2% in August, to a 1.282 million annual rate. And single-family starts are up 5.7% for the first eight months of 2018 compared to the same period last year.

Existing Home Sales held steady in ...

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Posted in Real Estate News
Sept. 17, 2018

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

MARKET UPDATE

Black Knight reports that in Q2 this year, tappable equity for homeowners with mortgages passed $6 trillion for the first time in history. And this happened even with the recent slowdown in home price growth.

Freddie Mac's chief economist thinks the "spectacular stretch of solid job gains ...

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Posted in Real Estate News
Sept. 10, 2018

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

MARKET UPDATE

Construction spending in July landed a healthy 5.8% above where it was a year ago. In line with this, the National Association of Home Builders (NAHB) pegged builder confidence at a still high 67.

The NAHB Chairman explained, "builders continue to report strong demand for new housing ...

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Posted in Real Estate News
Sept. 5, 2018

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

MARKET UPDATE

The Pending Home Sales index edged down 0.7% in July, but this was after a 1.0% jump in June. Some economists say these numbers point to a small gain in August existing home sales.

The Case-Shiller Home Price Index rose 0.3% in June. But First ...

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Posted in Real Estate News
Sept. 1, 2018

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

MARKET UPDATE

New Home Sales slid 1.7% in July to a 627,000 yearly rate, off for the second straight month. But the housing recovery holds: sales for the first seven months of 2018 are up a healthy 7% over 2017.

Existing Home Sales slipped 0.7% in July ...

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Posted in Real Estate News
Aug. 21, 2018

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

MARKET UPDATE

Housing Starts scored a disappointingly small gain in July, but they're very volatile month to month. So, comparing the year-to-date pace with the same period in 2017 finds starts are up 5.9% from a year ago.

There's lots of yak about builders being down about ...

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Posted in Real Estate News
Aug. 14, 2018

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

>> Market Update

QUOTATION OF THE WEEK..."Don't talk about yourself; it will be done when you leave." --Wilson Mizner, American playwright

INFO THAT HITS US WHERE WE LIVE...The National Association of Realtors (NAR) reports the median single-family home price edged up to $269,000 in Q2, a ...

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Posted in Real Estate News