Archives for August 2015

Housing Market Stronger Than It’s Been In Years

According to Freddie Mac's Multi-Indicator Market Index, local housing markets across the country are stronger than they've been in years. In fact, the index – which tracks home purchase application data, payment-to-income ratios, proportion of on-time mortgage payments, and … [Read more...]

Pending Home Sales Rise Again In July

The National Association of Realtors' Pending Home Sales Index is a measure of how many contracts to buy homes were signed during the month. Since the index gauges signings, not closings, it's a good indicator of upcoming sales of previously owned homes. In July, the index … [Read more...]

Demand For Home Purchase Loans Increases

According to the Mortgage Bankers Association's Weekly Applications Survey, the number of potential home buyers seeking a loan to purchase a home rose 2 percent last week from the week before. The increase was driven by a 5.6 percent jump in the number of buyers applying for … [Read more...]

New Home Sales 26% Higher Than Last Year

New estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show that, following a 5.4 percent increase in July, sales of newly built single-family homes are now 25.8 percent above where they were one year ago. The improvement … [Read more...]

Housing Forecast Finds Growth Amid Concerns

Economic growth was weaker than expected during the second quarter of the year, according to a new statement from Fannie Mae's Economic & Strategic Research Group. But despite disappointing second quarter economic activity, the group hasn't changed its outlook for the … [Read more...]

Home Sales Increase For 3rd Straight Month

Sales of previously owned homes rose two percent in July, according to the National Association of Realtors. The increase marked the third consecutive monthly gain and put sales 10.3 percent above year-before levels. Lawrence Yun, NAR's chief economist, said there has been … [Read more...]

Mortgage Demand Rises As Rates Drop

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates dropped to 3-month lows last week. Rates were down across all loan categories, including 30-year fixed-rate mortgages with both conforming and jumbo balances, loans backed by … [Read more...]

Single Family Home Construction Ramps Up

New estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show construction of new single-family homes spiked in July, rising 12.8 percent above June's figure. Housing starts have now been above a one million-unit pace for fourth … [Read more...]

Cost Of Renting Hits All-Time High

If you're weighing whether to buy or rent your next home, some newly released numbers may influence your decision. That's because a new analysis shows rent is more expensive than it has ever been. In fact, renters can now expect to spend 30.2 percent of their monthly income … [Read more...]

Builders Confident In Market For New Homes

Builders have an unique perspective on the market for newly built, single-family homes. Because of this, the National Association of Home Builders surveys them monthly in order to gauge their feelings about how the market is doing. The NAHB's Housing Market Index measures … [Read more...]