Archives for October 2015

Pending Home Sales Slip In September

The National Association of Realtors' Pending Home Sales Index measures the number of contracts to buy homes that were signed during the month. Because it measures signings and not closings, the index is considered a good indication of what home sales will do in the coming … [Read more...]

Mortgage Rate Increase Slows Demand

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

Real Estate Rebound Continues On Track

Freddie Mac's Multi-Indicator Market Index measures the real estate recovery by comparing current data to long-term norms in local markets across the country. The index tracks home purchase application data, payment-to-income ratios, proportion of on-time mortgage payments, … [Read more...]

New Homes Sell At A Slower Pace In September

Sales of newly built single-family homes slowed in September after two consecutive months of improvement. The decline was expected and, though larger than previously forecast, economists believe it only represents a temporary setback. That's because most other recent real … [Read more...]

As Buyers Get Older, Homes Get Bigger

Recent real estate data shows a lot of positive momentum in the housing market. Builder confidence just reached a 10-year high, construction of new homes is beginning to ramp up and, in August, new home sales hit their highest level since 2008. But, though residential real … [Read more...]

Existing Home Sales Rebound In September

After slowing in August, sales of previously owned homes rebounded in September, according to the National Association of Realtors. Existing home sales – which include single-family homes, townhomes, condominiums, and co-ops – increased 4.7 percent from the month before and … [Read more...]

Average Mortgage Rates Fell Last Week

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

New Home Construction Beats Expectations

Despite some recent volatility in the broader economy, the housing market continues to show signs of strength. For example, new home construction – which is an important indicator of the housing market's health – rose 6.5 percent in September and is now 17.5 percent higher … [Read more...]

Builders Confident In New Home Market

The National Association of Home Builders' Housing Market Index is a gauge of how builders see the current market for newly built single-family homes. The index is scored so that any number above 50 indicates more builders view conditions as good than poor. In October, the … [Read more...]

A Majority Of Renters Say They Want To Buy

The vast majority of renters say eventually owning a home is one of their top priorities, according to the results of a recent survey from the National Association of Realtors. In fact, 61 percent of renters say they want to buy, up 11 points since 2013. Chris Polychron, … [Read more...]