Archives for September 2015

Housing On Track Despite Economic Volatility

Fannie Mae's Economic and Strategic Research Group releases an updated outlook for the economy and housing market each month. Their forecast provides a good view of where things are and where they're headed. According to this month's release, recent economic volatility may … [Read more...]

Pending Home Sales Slip But Remain Strong

The National Association of Realtors' Pending Home Sales Index measures the number of contracts signed to buy homes each month. Because it measures contract signings – and not closings – it is a good indicator of future home sales. In August, the index fell 1.4 percent. … [Read more...]

Survey Reveals Homeowners’ Top Complaints

When shopping for a house to buy, most prospective buyers will make a list of features they'd like – whether it's an open floor plan or a place for entertaining. They will also, most likely, have a list of things they'd like to avoid. But despite all the careful thought and … [Read more...]

New Home Sales Beat Expectations In August

Sales of newly built single-family homes rose 5.7 percent in August, according to new estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. The improvement puts new home sales 21.6 percent above last year's level and represents the … [Read more...]

Mortgage Activity Surges As Rates Dip

According to the Mortgage Bankers Association's Weekly Applications Survey, the average contract interest rate on 30-year fixed-rate mortgages and those backed by the Federal Housing Administration were unchanged last week from the week before. Rates on jumbo loans and … [Read more...]

Rising Equity Benefits Buyers And Sellers

Equity refers to the value of a property minus the amount owed on the mortgage. In short, having positive equity means your home is worth more than you paid for it. In other words, it's good news. That's why CoreLogic's second quarter equity report is an encouraging sign for … [Read more...]

Sales Slow As Summer Season Winds Down

New estimates from the National Association of Realtors show a dip in the number of previously owned homes sold in August compared to the month before. Total existing-home sales – including single-family homes, townhomes, condominiums, and co-ops – fell 4.8 percent from … [Read more...]

New Home Construction Remains Strong

New home construction is an important indicator of the health of the housing market. In fact, taking note of how many new houses are being built in your area is one way of determining whether or not your local market is strong. For that reason, each month's New Residential … [Read more...]

Builder Confidence Hits 10-Year High

Builders have a pretty good view of where the new home market is headed and, because of this, the National Association of Home Builders polls them each month to get their perspective. The survey has been conducted for 30 years and asks builders to rate buyer traffic, current … [Read more...]

Survey Finds Mortgage Rates Down Slightly

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates were relatively flat last week. There were slight declines in rates on 30-year fixed-rate mortgages with conforming balances, loans backed by the Federal Housing … [Read more...]