Real Estate News

Feb. 13, 2017

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

Mortgage Bonds were knocked down in the latter part of January, rallied as February picked up steam, and then dropped again.

Mortgage Backed Securities, the type of Bond to which home loan rates are tied, worsened after a five-day rally. These Bonds have not been able to break above the ...

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Posted in Real Estate News
Feb. 7, 2017

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

Job growth jumped in January, but wage growth weakened.

The Labor Department reported that U.S. employers hired 227,000 workers in January, above the 170,000 expected and signaling the sector kicked off 2017 on a high note. All was not rosy within the report, however. Average hourly earnings ...

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Posted in Real Estate News
Jan. 30, 2017

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

Existing Home Sales and New Home Sales followed a similar path downward in December. But the latest housing reports still had good news to share.

Existing Home Sales closed out 2016 as the best year in a decade, though December's numbers were below expectations at 5.48 million units ...

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Posted in Real Estate News
Jan. 23, 2017

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

While Housing Starts had positive news, inflationary pressures may leave some singing the blues.

December Housing Starts surged 11.3 percent from November, the Commerce Department reported, beating expectations. The numbers suggest that the pullback in November, following the nine-year high in October, could have been an anomaly. While multifamily ...

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Posted in Real Estate News
Jan. 16, 2017

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

Consumers spent more time ringing up sales in December.

The Commerce Department reported that Retail Sales rose 0.6 percent in December from November. The increase was due in part to strong sales for autos. The year ended with momentum that could signal sales growth in 2017. From December 2015 ...

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Posted in Real Estate News
Jan. 10, 2017

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

Unemployment edged higher in December with more Americans entering the labor market. Wages ticked up, too.

The Bureau of Labor Statistics reported U.S. employers added 156,000 new jobs in December, which was below the 175,000 expected. October and November job growth was revised higher by 19,000 ...

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Posted in Real Estate News
Dec. 26, 2016

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

Existing Home Sales hit nine-year highs, and the third reading of third quarter Gross Domestic Product charmed.

The National Association of REALTORS® reported that Existing Home Sales in November edged higher by 0.7 percent from October to an annual rate of 5.61 million units. Year-over-year, Existing Home Sales ...

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Posted in Real Estate News
Dec. 12, 2016

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

Home prices aren't the only thing on the rise. Economic activity in the services sector looks good.

Home price gains remain solid. CoreLogic, a leading provider of consumer, financial and property information, reported that home prices, including distressed sales, rose by 6.7 percent from October 2015 to October ...

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Posted in Real Estate News
Dec. 7, 2016

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

Job growth held steady in November while economic activity surged third quarter.

Consumer spending and business investment pushed Gross Domestic Product (GDP) above expectations in the third quarter. After weak economic growth the first half of 2016, the Bureau of Economic Analysis reported that the second reading of third quarter ...

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Posted in Real Estate News
Nov. 21, 2016

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

The latest numbers on Housing Starts and Building Permits may encourage dismayed homebuyers facing a lack of inventory.

October Housing Starts surged, the Commerce Department reported, up 25.5 percent from September. It was the highest level since September 2007. Single-family starts, which make up the largest share of the ...

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Posted in Real Estate News