Archives for May 2016

Real Estate Pros Forecasting A Hot Summer

Realtors know their local real estate market better than anybody. Because of this, the National Association of Realtors conducts a monthly survey of real estate professionals to gauge the current market and the outlook for the future. According to April's survey, housing … [Read more...]

Pending Home Sales Soar To 10-Year High

The National Association of Realtors' Pending Home Sales Index measures the number of contracts to buy homes that are signed in any given month. The index is considered a good predictor of future home sales because it tracks signings not closings, which take place roughly a … [Read more...]

Demand For Home Purchase Loans Rises

According to the Mortgage Bankers Association's Weekly Applications Survey, the number of Americans who requested applications for loans to buy homes rose 5 percent last week. The improvement puts demand for home purchase loans 17 percent higher than it was at the same time … [Read more...]

New Home Sales Post Biggest Gain Since ’92

Sales of newly built, single-family homes rose 16.6 percent in April, according to new estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. The gain was the largest month-over-month increase since 1992 and puts new home sales … [Read more...]

Are Low Credit Scores Discouraging Buyers?

A recent review of home loan activity conducted by CoreLogic reveals a significant difference between the average loan applicant today compared with 10 years ago. The analysis looked at possible reasons loan originations have dropped over the past decade. Tighter credit … [Read more...]

Sales Of Existing Homes Up In April

Sales of previously owned homes rose for the second-consecutive month, according to new numbers released by the National Association of Realtors. In April, existing-home sales – which includes single-family homes, townhomes, condominiums, and co-ops – increased 1.7 percent, … [Read more...]

Spring Rebound To Follow Slow 1st Quarter

Much like last year, the first quarter of 2016 was slower than expected. Both the housing market and broader economy showed weakness amid harsh winter weather and global economic uncertainty. But also like last year, Fannie Mae's Economic & Strategic Research Group says … [Read more...]

Mortgage Rates At Lowest Level In A Year

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates were mostly flat last week. In fact, rates for 30-year fixed-rate loans with both conforming and jumbo balances were unchanged from one week earlier while rates for loans … [Read more...]

Home Construction, Permits Rise In April

The number of new homes that began construction in April was 6.6 percent higher than the previous month, according to new numbers released by the U.S. Census Bureau and the Department of Housing and Urban Development. The improvement, which included a surge in multi-family … [Read more...]

Builders Expect New Home Sales Bump

Builders are in an unique position to gauge home buyer traffic and demand for newly-built single-family homes. Because of this, their views are considered an important measure of the market's health and future outlook. Each month, the National Association of Home Builders … [Read more...]