Archives for April 2016

Pending Home Sales Signal Strong Spring

For the second straight month, pending home sales increased from the month before, according to new numbers released by the National Association of Realtors. The Pending Home Sales Index – which measures contract signings not closed sales – was up 1.4 percent from the … [Read more...]

Demand For Home Loans Up From One Year Ago

The Mortgage Bankers Association's Weekly Applications Survey looks at the number of Americans who have requested applications for refinance or purchase loans during the past week. It is a good indication of the level of demand for home loans across the country and can also … [Read more...]

New Home Sales On Pace To Surpass Last Year

New numbers released by the U.S. Census Bureau and the Department of Housing and Urban Development show sales of new homes down 1.5 percent in March from February's estimate. However, the monthly total doesn't tell the whole story. A closer look at the report reveals that … [Read more...]

Outlook Unchanged Despite Slow Growth

Despite the fact that economic growth stalled during the first quarter of the year, the outlook for the remainder of the year has not changed, according to Fannie Mae's Economic & Strategic Research Group's April 2016 Economic and Housing Outlook. In fact, the group's … [Read more...]

Real Estate Remains Top Investment Choice

Americans continue to choose real estate as the “best long-term investment” when given a choice between it and gold, stocks and mutual funds, savings accounts, and bonds. In fact, 35 percent of respondents to a recent poll from Gallup said they thought real estate was the … [Read more...]

Home Sales Jump To Start Spring

After a disappointing February, sales of previously owned homes bounced back in March, according to new numbers from the National Association of Realtors. In fact, existing-home sales – which include single-family homes, townhomes, condominiums, and co-ops – rose 5.1 percent … [Read more...]

Steady Rates Lead To Increasing Demand

According to the Mortgage Bankers Association's Weekly Applications Survey, demand for mortgage applications rose last week, though home buying activity was relatively flat from the week before. The Purchase Index – which tracks application demand for loans to buy homes and … [Read more...]

Housing Starts Slow But Up From Last Year

New estimates from the U.S. Census Bureau and the Department of Housing and Urban Development show the number of new homes that broke ground in March fell nearly 9 percent from February's figure. But though housing starts dropped month-over-month, they remain 14.2 percent … [Read more...]

Builder Confidence Steady In April

New homes play an important role in bolstering the economy and balancing the housing market. When new homes are being built, it is a sign that the economy is doing well, jobs are being created, and Americans are on the move. Because of this, the National Association of Home … [Read more...]

Mortgage Credit Becomes More Available

The Housing Finance Policy Center's latest credit availability index found that it was easier for home buyers to secure financing during the fourth quarter of 2015 than it was during the previous quarter. This is significant because it was the first time in a year that the … [Read more...]