Archives for November 2014

Mortgage Rates Dip, So Does Demand

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

Home Price Increases Continue To Slow

The S&P/Case-Shiller Home Price Indices are one among many measures of national home prices. However, their indexes are also among the most trusted measures of home values. According to their most recent release, home price increases continue to slow across the country … [Read more...]

Housing To Continue Upward Grind in 2015

The economy and housing market started the year off slow before picking up mid-year. Now, according to Fannie Mae's Economic & Strategic Research Group, economic activity is slowing down from its mid-year surge and returning to a more sustainable pace. Doug Duncan, … [Read more...]

Existing Home Sales Rise Again

Sales of previously owned homes rose in October for the second straight month. The 1.5 percent improvement brought sales to their highest level since September 2013. It was also the first month home sales exceeded year-before levels in 12 months. Lawrence Yun, NAR's chief … [Read more...]

Single Family Housing Starts Jump 4.2%

The U.S. Census Bureau and the Department of Housing and Urban Development's New Residential Construction report is a monthly estimate of how many new homes started construction during the month. The report also covers the number of permits to build new homes that were … [Read more...]

Mortgage Demand Climbs As Rates Drop

According to the Mortgage Bankers Association's Weekly Applications Survey, demand for loans to buy homes increased 12 percent last week. The spike brought the seasonally adjusted Purchase Index to its highest level since July. Refinance activity also rose, climbing 1 … [Read more...]

Builder Optimism Grows In November

The National Association of Home Builders Housing Market Index gauges builder confidence in the market for newly built single-family homes on a scale where any number above 50 indicates more builders view conditions as good than poor. In November, the index gained four … [Read more...]

Majority of American Homes Are Affordable

According to a new report, 61.8 percent of new and existing homes that sold between the beginning of July and the end of September were affordable to a family earning the U.S. median income of $63,900. Though down from the second quarter, the percentage of homes that are … [Read more...]

Underwater Homeowners Fall To Record Low

The number of homeowners who are underwater on their mortgage – where the combined loan amount secured by the property is at least 25 percent higher than the property's estimated market value – has fallen to its lowest level since RealtyTrac began reporting negative equity … [Read more...]

Housing Market 90% Back To Normal

Residential real estate has been slowly recovering ever since the financial crisis and housing crash. But, according to a new report from the National Association of Home Builders, the housing market is now 90 percent back to its normal level of activity based on current … [Read more...]