Archives for June 2014

Young Adults Expected To Boost Housing Demand

A new report from Harvard University's Joint Center for Housing Studies highlights the expected impact Millennials – young Americans between the ages of 18 and 34 – will have on the housing market as they begin buying homes and establishing households of their own. During … [Read more...]

Majority Of Homes Affordable To Middle Class

Over the past year, home prices and mortgage rates have both risen from post-recession lows. And though the increases have affected affordability levels across the country, prices and rates are still well below where they usually are by historical standards. In fact, … [Read more...]

Mortgage Rates Continue Downward Trend

According to the Mortgage Bankers Association's Weekly Applications Survey, mortgage rates declined across all loan categories last week, including 30-year and 15-year fixed rate loans with both conforming and jumbo balances, as well as FHA-backed mortgages. The decline … [Read more...]

New Home Sales Up 18.6% in May

New estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show sales of new single-family homes rose 18.6 percent in May. It was the largest one month gain since January 1992 and far exceeded economists' expectations for the month. … [Read more...]

Sales Of Previously Owned Homes Climb 5%

Existing home sales – which include single-family homes, townhomes, condominiums, and co-ops – rose 4.9 percent in May, according to new numbers from the National Association of Realtors. The improvement marks the second straight month of gains and brings home sales within 5 … [Read more...]

For Sale Inventory Key To Housing Health

Freddie Mac's most recent U.S. Economic and Housing Market Outlook takes a look at residential real estate at the year's halfway point and forecasts what's ahead for the second half of 2014. According to the outlook, the market for single-family homes has been operating at a … [Read more...]

Gov’t Report Sees Recovery Picking Up

After a harsh winter slowed growth, the housing market has begun to pick up, according to a new report issued by the U.S. Department of Housing and Urban Development and the U.S. Department of the Treasury. The administration's Housing Scorecard – a comprehensive report that … [Read more...]

Home Loan Demand Falls As Rates Climb

According to the Mortgage Bankers Association's Weekly Applications Survey, a slight increase in mortgage rates last week caused a dip in both refinance and purchase loan demand. Average mortgage rates increased across all loan categories, including 30-year fixed-rate loans … [Read more...]

Younger Buyers Need Help With Down Payment

A lack of savings, debt, and poor credit are among the biggest obstacles preventing young adults between the ages of 18 and 34 from becoming homeowners. In fact, according to a new consumer survey from Trulia, 50 percent of participating millennials said their personal … [Read more...]

Home Price Increases Continue To Slow

After rising sharply over the past two years, home price increases are now becoming smaller, more balanced, and more widespread. In fact, for the first time since July 2012, none of the 100 largest metropolitan areas experienced a price gain of 20 percent or more, according … [Read more...]