Archives for September 2014

Pending Sales Slip But Remain Above Average

In August, pending home sales slipped slightly, falling 1 percent from the month before, according to the National Association of Realtors' Pending Home Sales Index. But despite the decline, pending sales – which reflect contract signings, not closings – were still at their … [Read more...]

Housing Market 5% Stronger Than Last Year

The housing market has had an up-and-down year. But, according to Freddie Mac's most recent Multi-Indicator Market Index, it's been more up than down. In fact, the index – which looks at purchase applications, payment-to-income ratios, the local job market, and the … [Read more...]

New Home Sales Surge Biggest Since 1992

New-home sales surged in August, according to new estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. Sales increased 18 percent from one month earlier and are now 33 percent above last year's estimate. The sales spike was the … [Read more...]

Average Mortgage Rates Move Higher

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates moved higher last week from the week before. Increases were seen across all loan categories, including 30-year fixed-rate loans with jumbo and conforming loan balances, those … [Read more...]

Homeownership A Goal For Most Americans

The vast majority of Americans feel that buying a home is an important part of achieving the American Dream, according to a recent survey conducted by Country Financial. Nearly 90 percent of respondents viewed homeownership as a goal and – an increasing number of them – … [Read more...]

Home Sales Hit 2nd Fastest Pace This Year

Sales of existing homes reached their second-highest pace this year – despite slipping1.8 percent from the month before, according to new numbers from the National Association of Realtors. Before falling in August, sales of previously owned homes had risen in each of the … [Read more...]

New Home Construction Trending Higher

Housing starts measure the number of new homes that began construction in any given month. The data, collected by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, is compiled monthly, along with the number of building permits that were … [Read more...]

Builder Optimism Climbs To 9-Year High

Builders are more optimistic about the market for newly built single-family homes than at any time since November 2005, according to the most recent National Association of Home Builders Housing Market Index. The index – which measures builders' confidence on a scale where … [Read more...]

Mortgage Rates, Home Loan Demand Both Rise

According to the Mortgage Bankers Association's Weekly Applications Survey, demand for mortgage applications surged last week from the week before. The MBA's Market Composite Index – which measures both refinance and purchase demand – was up 7.9 percent from the previous … [Read more...]

What Young Buyers Want In A Home

Young Americans between the ages of 18 and 34 – also known as the Millennial Generation – have been slower to become homeowners than previous generations. But though there are a lot of theories as to why that is, there is also building evidence that they are becoming … [Read more...]