Archives for December 2015

Housing Momentum To Carry Into Next Year

Freddie Mac's recently released December Insight & Outlook takes a look at how far the housing market's recovery has come and where it may be headed as we enter 2016. According to the report, the economy has largely rebounded from the financial crisis. With unemployment … [Read more...]

Now’s The Time For Renters Who Want To Buy

According to a new analysis from RealtyTrac, 2016 may be a good year for renters to buy a house. That's because the cost of renting continues to rise and – even though home prices have also been moving higher – buying is still cheaper than renting in nearly 60 percent of … [Read more...]

November New Home Sales Up 4.3%

Sales of newly built single-family homes increased 4.3 percent in November from the month before, according to new estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. The improvement put sales 9.1 percent above last year's level. … [Read more...]

Home Sales Slip May Not Be What It Seems

Sales of previously owned homes fell in November, according to new estimates released by the National Association or Realtors. The decline put sales 3.8 percent below last November's level, marking the first time since September 2014 that existing home sales dropped … [Read more...]

Homeownership To Rebound Among Young Adults

The number of homeowners between the ages of 25 and 34 has been falling since long before the recent housing crash and recession. Then, during the crash, the number of young American homeowners dropped by more than 300,000 each year before leveling off in 2014. The reasons … [Read more...]

Mortgage Pros See Easier Credit Ahead

Fannie Mae's quarterly Mortgage Lender Sentiment Survey polls mortgage professionals to get an idea of how they see the current market and the months ahead. Recently released, their fourth-quarter survey finds lenders reporting that credit standards continue to ease – which … [Read more...]

New Home Construction Nears 8-Year High

Housing starts refer to the number of new homes that broke ground during the month. The U.S. Census Bureau and the Department of Housing and Urban Development track both housing starts and building permits on a monthly basis in order to gauge the health of the new home … [Read more...]

Mortgage Rates Mostly Down Last Week

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates were mostly down last week, in advance of the Fed's latest policy announcement. Rates on 30-year fixed-rate mortgages with conforming balances were unchanged from the previous … [Read more...]

Builders End Year On An Optimistic Note

Though down slightly from the month before, the National Association of Home Builders Housing Market Index remained at a high level in December. The Index – which measures builders' perception of the market for newly built single-family homes – is scored on a scale where any … [Read more...]

How Long Should You Save Before Buying?

When it comes time to decide whether or not to buy, having enough money saved for a down payment can be among the largest obstacles preventing a potential home buyer from actually purchasing a house. This is especially true for younger Americans, who are just entering the … [Read more...]