Archives for January 2015

Housing To Rebound From Disappointing Year

Though careful not to say 2015 will be a breakout year for the housing market, Fannie Mae's chief economist, Doug Duncan, believes the strengthening economy will drag housing activity upward this year. “Strength in the broader economy, accompanied by continued employment … [Read more...]

Mortgage Rates Still Hover Near Record Lows

According to the Mortgage Bankers Association's Weekly Applications Survey, the average contract interest rate on 30-year fixed-rate mortgages increased slightly last week, though rates remain near record lows. Mortgage rates were up across all loan categories, including … [Read more...]

New Home Sales Hit 6-Year High In December

In yet another sign that the housing market and economy continue to strengthen, new home sales hit their highest level in more than six years, according to December estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. Sales of … [Read more...]

Robust Economy To Boost Housing Market

Last winter, mortgage rates were rising, economic growth was sluggish, and the polar vortex left much of the country in a deep freeze. The combined effect of these factors, plus rising home prices, meant the housing market got off to a slow start and stayed below expectation … [Read more...]

Home Sales End 2014 On The Rise

Despite the holiday season and declining available inventory, sales of previously owned homes rose 2.4 percent in December, according to the National Association of Realtors. The increase pushed sales 3.5 percent above last year's level and marked the third consecutive month … [Read more...]

Construction Gains Are Good Sign For Housing

The most recent new residential construction estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show 2014 ending on an upswing. In fact, single-family housing starts – which refer to the number of homes that broke ground during … [Read more...]

Falling Rates Push Mortgage Demand Higher

According to the Mortgage Bankers Association's Weekly Applications Survey, demand for mortgage loan applications increased 14.2 percent last week. The increase was driven by a 22 percent spike in refinance activity. Mike Fratantoni, MBA's chief economist, said the surge in … [Read more...]

New Home Market Has Builders Optimistic

A new survey of home builders finds confidence in the new home market high, despite being relatively unchanged from the month before. The National Association of Home Builders Housing Market Index measures builders' confidence on a scale where any number above 50 indicates … [Read more...]

Has The Housing Market Returned To Normal?

Trulia's Housing Barometer is a measure of how quickly the housing market has been returning to normal following the economic crisis and housing crash. The Barometer looks at five economic indicators, including existing home sales, home prices, delinquency and foreclosure … [Read more...]

Foreclosure Filings Fall To 8-Year Low

In 2014, foreclosure filings – which include default notices, scheduled auctions, and bank repossessions – fell to their lowest annual level since 2006, according to RealtyTrac. That's a 61 percent improvement since 2010, when they peaked at nearly 3 million for the year. … [Read more...]