Archives for March 2015

Pending Home Sales Near 2-Year High In February

The National Association of Realtors' Pending Home Sales Index is a measure of how many contracts to buy homes were signed during the month. Because it gauges the number of signed contracts, rather than closings, the index is a good indicator of future sales of previously … [Read more...]

Accelerated Housing Activity In The Forecast

Economic growth slowed during the first quarter of the year because of harsh winter weather in the Northeast and Midwest and the port strike on the West Coast. But, according to Fannie Mae's Economic and Strategic Research Group, growth is going to rebound and will continue … [Read more...]

Strong Spring Still Expected Despite Winter Woes

As 2014 came to a close, positive economic reports lead many real estate analysts to forecast a solid spring selling season and continued housing improvement throughout 2015. The rosy outlook was based on falling unemployment numbers, historically low mortgage rates, and … [Read more...]

Mortgage Rate Drop Spurs Demand

According to the Mortgage Bankers Association's Weekly Applications Survey, mortgage rates dropped last week across all loan categories, including 30-year fixed-rate mortgages with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and … [Read more...]

New Home Sales Soar To 7-Year High

New estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show sales of new single-family homes up 7.8 percent in February from the month before. The sales surge beat economists' expectations and pushed sales to their highest level … [Read more...]

Sales Of Existing Homes Up In February

Sales of previously owned homes rose in February, according to new numbers from the National Association of Realtors. In fact, existing-home sales – which include single-family homes, co-ops, condominiums, and townhomes – increased 1.2 percent from the previous month and are … [Read more...]

Average Home Buyer Put 14% Down Last Year

According to a new analysis, last year's average home buyer put 14 percent down on their house, making last year's average down payment $32,141. The analysis, conducted by RealtyTrac, looked at nearly 1.5 million home purchase loans in 386 counties across the country. The … [Read more...]

Optimism On The Rise Among Mortgage Pros

A new survey of mortgage lenders finds increasing optimism about the outlook for mortgage demand and credit availability in the months ahead. The results of Fannie Mae's first quarter 2015 Mortgage Lender Sentiment Survey show that senior mortgage executives across the … [Read more...]

Latest Survey Finds Mortgage Rates Down

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

Construction Decline Likely A Temporary Setback

New estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show privately owned housing starts – which measure the number of new homes that began construction during the month – fell in February. The 17 percent plunge brought … [Read more...]