Archives for July 2014

Mortgage Rates Largely Unchanged Last Week

According to the Mortgage Bankers Association's Weekly Applications Survey, the average contract interest rate on 30-year fixed-rate mortgages with conforming loan balances remained unchanged last week from the week before. Rates were also flat on loans backed by the Federal … [Read more...]

Home Price Increases Continue Slowdown

The S&P/Case-Shiller Home Price Indices – considered the leading gauge of U.S. home prices – show increases continuing to slow. According to the most recent release, home prices rose 9.3 percent year-over-year, down from the 10.8 percent increase reported in the last … [Read more...]

Pending Sales Slip But Remain Above Average

The National Association of Realtors' Pending Home Sales Index measures the number of contracts to buy homes that are signed each month. In June, the index dropped 1.1 percent, though it remains above 100 – which is considered an average level of contract activity. The … [Read more...]

Economic Forecast Sees Housing Gains Ahead

The first quarter of 2014 was the worst in five years, according to Fannie Mae's Economic & Strategic Research Group. That, combined with only a moderate pickup during the second quarter of the year, means economic growth was essentially flat for the entire first half of … [Read more...]

New Home Sales Fall In June

New estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show sales of new single-family homes fell 8.1 percent in June. The drop was the largest in a year and put new home sales 11.5 percent below last June's levels. Following two … [Read more...]

Mortgage Rates Mixed, Demand Rising

According to the Mortgage Bankers Association's Weekly Applications Survey, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances was unchanged last week from the week before. Mortgage rates on 30-year loans with jumbo balances and … [Read more...]

Existing Home Sales Hit 8-Month High

In June, sales of previously owned homes reached their fastest pace this year, climbing to a projected annual pace of 5 million sales for the first time since October 2013. The estimates, released by the National Association of Realtors, show existing-home sales up 2.6 … [Read more...]

What Home Buyers Want More Than Location

Among today's home buyers, nearly half would sacrifice location for desirable in-home features, according to a new survey from one of the nation's largest homebuilders. The surprising survey results indicate that buyers are searching for move-in ready homes complete with key … [Read more...]

Permits To Build New Homes On The Rise

Permits to build new single-family homes rose 2.6 percent In June, though overall permits were down 4.2 percent. The increase in authorizations to build new homes was a bright spot in an otherwise disappointing report. The estimates, released by the U.S. Census Bureau and … [Read more...]

Builders Confident In Market For New Homes

The National Association of Home Builders Housing Market Index measures builders' perceptions of the market for newly built single-family homes on a scale where any number above 50 indicates that more builders view conditions as good than poor. In July, the index increased … [Read more...]