Archives for August 2014

Pending Home Sales Rise Again In July

The National Association of Realtors' Pending Home Sales Index is a forward-looking indicator of future home sales based on the number of contracts to buy houses that are signed each month. In July, the index rose 3.3 percent, marking the fourth time in five months contract … [Read more...]

Home Loan Demand Increases, Rates Mixed

According to the Mortgage Bankers Association's Weekly Applications Survey, demand for mortgage applications increased 2.8 percent last week from the week before. The increase marked the second straight week of improvement and was driven by gains in both refinance and … [Read more...]

New Home Sales Up 12.3% From One Year Ago

New estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show sales of newly built single-family homes up 12.3 percent from last year. The improvement is good news for the new home market but comes at the same time month-over-month … [Read more...]

Existing Home Sales Hit High In July

According to the National Association of Realtors, sales of previously owned homes rose to their highest level of the year in July. Existing-home sales – which include single-family homes, townhomes, condominiums, and co-ops – increased 2.4 percent from the month before. It … [Read more...]

Builders Optimistic About New Home Market

For the third consecutive month, surveyed builders expressed increasing confidence in the market for newly built single-family homes, according to the National Association of Home Builders Housing Market Index. The index is derived from a monthly survey which scores builders … [Read more...]

Housing Starts Up 22% Since Last Year

New home construction is up 21.7 percent since last July, according to new estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. The new residential construction report – which tracks building permits, housing starts, and housing … [Read more...]

Mortgage Demand Rises As Rates Fall Again

Demand for mortgage applications rose last week as mortgage rates continued to trend downward. In fact, according to the Mortgage Bankers Association's Weekly Applications Survey, mortgage rates fell across all loan categories, including 30-year fixed-rate loans with both … [Read more...]

Economy Accelerates, Will Housing Follow?

According to the latest release from Fannie Mae's Economic & Strategic Research Group, economic growth rebounded beyond expectation during the second quarter. Combined with an upward revision to first quarter activity, the improvement indicates the economy is growing … [Read more...]

Majority Of Homes For Sale Still Affordable

A family earning the U.S. median income of $63,900 could afford 62.6 percent of the new and existing homes sold during the second quarter of this year, according to the most recent National Association of Home Builders Housing Opportunity Index. Homes sold in the first … [Read more...]

Local Markets Gradually Return To Normal

The housing market's slow paced recovery continues as more and more local real-estate markets return to normal levels of activity, according to a new report from the National Association of Home Builders. The NAHB's Leading Markets Index measures how quickly more than 350 … [Read more...]