Archives for October 2014

Local Housing Markets Regain Ground

Though the housing recovery has been slow at times and up-and-down at best, an emerging upward trend has an increasing number of local real-estate markets showing improvement. In fact, according to Freddie Mac's Multi-Indicator Market Index – which measures the stability of … [Read more...]

Mortgage Rates Rise After Weeks Of Decline

After declining for four-straight weeks, average mortgage rates rose last week, according to the Mortgage Bankers Association's Weekly Applications Survey. The results show rates increased on 30-year fixed-rate mortgages with both conforming and jumbo balances as well as … [Read more...]

What Americans Say About Their Neighbors

The American Housing Survey is an annual look at the U.S. housing stock released by the Department of Housing and Urban Development and the U.S. Census Bureau. In addition to information about the types of houses and neighborhoods Americans live in, the survey also compiles … [Read more...]

Favorable Conditions Bring Out The Buyers

With mortgage rates falling and price increases slowing, prospective home buyers are seeing more favorable conditions than they did earlier in the year. The trend has led to increasing optimism about the housing market's future and also improving sales numbers. In fact, the … [Read more...]

September New Home Sales at 6-Year High

Sales of newly built single-family homes rose just 0.2 percent in September, according to estimates from the U.S. Census Bureau and the Department of Housing and Urban Development. But though virtually unchanged from August, new-home sales still registered their best month … [Read more...]

Housing On Track To Make Next Year Best Since 2007

Fannie Mae's Economic & Strategic Research Group releases a monthly outlook forecasting upcoming economic and housing market growth. In their most recent release, the group says the U.S. economy has been strengthening through the second half of the year and is poised to … [Read more...]

Mortgage Rates Continue To Fall

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates fell again last week, with rates dropping on 30-year fixed-rate mortgages with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and … [Read more...]

Existing Home Sales Hit High For The Year

Sales of previously owned homes rose 2.4 percent in September, according to the National Association of Realtors. Sales – which include single-family homes, townhomes, condominiums, and co-ops – are now just 1.7 percent below last year's level and at their highest pace yet … [Read more...]

New Home Construction Rebounds In September

Each month, the U.S. Census Bureau and the Department of Housing and Urban Development collect estimates of both the number of new homes that began construction and the number of building permits authorized during the month. In September, both housing starts and permits … [Read more...]

Builders Still Confident In New Home Market

The most recent Housing Market Index from the National Association of Home Builders found builders less optimistic about the market for newly built single-family homes than they were in September. The index – which measures builders' confidence on a scale where any number … [Read more...]