Archives for May 2015

Pending Home Sales Reach 9-Year High

The National Association of Realtors' Pending Home Sales Index measures the number of contracts to buy homes signed each month. Because the index tracks contract signings but not closings, it's a good indicator of future home sales. According to the most recent release, … [Read more...]

Home Loan Demand 14% Higher Than Last Year

According to the Mortgage Bankers Association's Weekly Applications Survey, applications for loans to buy homes are now 14 percent higher than they were one year ago. The year-over-year improvement is a positive sign for the housing market and indicates that there are more … [Read more...]

New Home Sales Beat Expectations In April

New data released by the U.S. Census Bureau and the Department of Housing and Urban Development shows sales of newly built single-family homes rose 6.8 percent in April from the month before. The increase, which beat economists' expectations for the month, put sales 26.1 … [Read more...]

Residential Real Estate Gains Momentum

Each month, Fannie Mae's Economic & Strategic Research Group updates their outlook for the housing market and the broader economy. According to the most recent release, the group still expects the economy to pick up from a slow first quarter but they've adjusted their … [Read more...]

Existing Home Sales Up 6% From Last Year

In April, sales of previously owned homes were 6.1 percent higher than they were at the same time last year. But, though sales levels were elevated from the year before, they slowed a bit from March's pace, dropping 3.3 percent on a month-over-month basis. Lawrence Yun, … [Read more...]

Mortgage Demand Slows With Rate Rise

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

New Home Construction Has Best Month Since 2007

The housing market's recovery over the past few years has been up and down. Some measures of the market's health have rebounded faster than others. Home prices, for example, have largely recovered the losses suffered following the financial crisis. Housing starts, on the … [Read more...]

Builders Optimistic About New Home Market

Because builders have an unique perspective on the market for new homes, the National Association of Home Builders tracks their outlook on current buyer traffic, sales conditions, and future sales expectations as part of their monthly Housing Market Index. The index measures … [Read more...]

Applications To Buy New Homes Up In April

New data from the Mortgage Bankers Association shows the number of mortgage applications for new home purchases increased 0.3 percent in April from the month before. Though relatively flat month-over-month, Mike Fratantoni, MBA's chief economist, says the spring season got … [Read more...]

Gov’t Housing Report Finds Encouraging Signs

Each month, the U.S. Department of Housing and Urban Development and the U.S. Treasury release a report collecting key housing market data and the results of the federal government's foreclosure prevention efforts. The Housing Scorecard is a measure of how far the … [Read more...]