Real Estate News

Dec. 26, 2017

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

Last week saw three housing market reports that surprised to the upside. Existing Home Sales shot up 5.6% in November, to a 5.81 million annual rate, their fastest sales pace since 2006. Demand stays strong (44% of homes sold in less than a month), though supply in many ...

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Posted in Real Estate News
Dec. 18, 2017

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

INFO THAT HITS US WHERE WE LIVE... The big news last week wasn't actually news to anyone, as virtually no one was surprised that the Fed hiked rates a quarter percent at the FOMC meeting, to the range of 1.25%-1.50%. The Fed's "dot plot," released ...

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Posted in Real Estate News
Dec. 4, 2017

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

INFO THAT HITS US WHERE WE LIVE... Last week we got the good news that both New and Pending Home Sales are heading in the right direction--UP. October New Home Sales rose 6.2%, to a 685,000 annual rate, soundly beating forecasts for the second month in a row ...

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Posted in Real Estate News
Nov. 30, 2017

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

INFO THAT HITS US WHERE WE LIVE... We keep hearing concerns that tight existing home inventories and rising prices will shrink sales, but the latest data lays those worries to rest. October Existing Home Sales increased 2.0%, to a 5.48 million annual rate. Sales grew in every major ...

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Posted in Real Estate News
Nov. 3, 2017

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

While home construction data suffered storm damage in September, New Home Sales broke free and soared. Gross Domestic Product also flexed its muscle.

The Commerce Department reported that New Home Sales surged 18.9 percent in September from August to their highest level since October 2007. This was the largest ...

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Posted in Real Estate News
Oct. 23, 2017

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

Storms damaged data on Housing Starts and Building Permits from August to September, while Existing Home Sales edged higher.

Hurricanes Harvey and Irma put a dent in new home construction in Florida and southern Texas. The Commerce Department reported that total September Housing Starts fell 4.7 percent from August ...

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Posted in Real Estate News
Oct. 17, 2017

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

Consumers weren't afraid to spend in September after holding back in August.

Folks were spending in September, according to the most recent Retail Sales report issued by the Commerce Department. This was welcome news, as consumer spending makes up about two-thirds of the U.S. economy. Sales were up ...

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Posted in Real Estate News
Oct. 9, 2017

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

Job growth plunged in September due to Hurricanes Harvey and Irma.

The Labor Department reported that payroll growth declined by 33,000 jobs versus the 75,000 increase in new jobs expected. July job growth was revised lower by 51,000 to 138,000, while August was revised higher by ...

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Posted in Real Estate News
Sept. 25, 2017

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

Existing Home Sales and Housing Starts declined while the Fed announced plans to unwind.

High prices and low inventories curtailed Existing Home Sales in August. The National Association of REALTORS® (NAR) reported that Existing Home Sales fell 1.7 percent from July to an annual rate of 5.35 million ...

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Posted in Real Estate News
Sept. 18, 2017

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

Retail Sales dropped in August while higher fuel prices revved up consumer inflation.

Families may have pulled back on back-to-school shopping, but Hurricane Harvey played a role too. The Commerce Department reported that consumers pulled back on spending in August due in part to a drop in car sales attributed ...

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Posted in Real Estate News