Archives for January 2016

New Home Sales End Year On A High

Despite some signs of weakness in the overall economy, the housing market continues to make gains. The latest in a string of positive releases is the U.S. Census Bureau and the Department of Housing and Urban Development's New Residential Sales Report For December. According … [Read more...]

Mortgage Rates Fall For 3rd Straight Week

According to the Mortgage Bankers Association's Weekly Applications Survey, mortgage rates continue to defy expectations, falling for the third week in a row. In fact, rates were down across all loan categories including 30-year fixed-rate loans with both conforming and … [Read more...]

Home Prices Continue To Show Strength

Following the financial crisis and housing crash, there were many years when analysts wondered when the housing market would, once again, be among the main drivers of the economy. Now, after its best year since home prices plummeted, housing is showing strength just as other … [Read more...]

Young Buyers Will Shape Tomorrow’s Homes

More young Americans between the ages of 25 and 34 are living with a parent than at any time in the past 30 years. In fact, 15 percent of young adults are living with their parents, which is 3 percent above the previous high. That's approximately 1.3 million people who would … [Read more...]

December Home Sales Surge Nearly 15%

Sales of previously owned homes surged in December, according to new numbers released by the National Association of Realtors. The 14.7 percent sales spike was caused, in part, by delayed transactions that would normally have closed in November but were slowed by new … [Read more...]

Home Construction Has Best Year Since 2007

New numbers from the U.S. Census Bureau and the Department of Housing and Urban Development show that 2015 was new residential construction's best year since 2007. In fact, housing starts – which refer to the number of groundbreakings – were up nearly 11 percent last year … [Read more...]

Average Mortgage Rates Hit 3-Month Low

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

Builder Confidence Steady To Start The Year

The National Association of Home Builders' Housing Market Index is a measure of how confident builders are in the market for newly built single-family homes. Conducted for the past 30 years, the survey is an important indicator for residential real estate due to the fact … [Read more...]

Housing Gains Balanced On Wages, Prices

Last year, the housing market posted its best numbers since 2007. Still-favorable affordability conditions, led by low mortgage rates, resulted in a strong year for home sales. But with the Fed's decision to raise interest rates and the continuing climb of home prices, there … [Read more...]

What’s Behind The Spike In All-Cash Sales?

After 29 consecutive months of annual declines, all-cash home sales spiked in November, according to new data from RealtyTrac. The share of cash sales jumped to 38.1 percent, from 29.8 percent in October. The increase put cash sales at their highest level since March 2013 … [Read more...]