Archives for June 2016

Mortgage Demand Up 38% From Last Year

According to the Mortgage Bankers Association's Weekly Applications Survey, demand for mortgage applications was 38 percent higher last week than during the same week one year ago. Largely driven by refinance demand, the year-over-year improvement has benefited from mortgage … [Read more...]

Survey Finds Home Prices On The Rise

The S&P/Case-Shiller U.S. National Home Price Index is considered the leading measure of U.S. home prices. Released monthly, the index looks at home price movement on both a monthly and annual basis. According to the most recent release, home prices are up 5 percent over … [Read more...]

Americans See Housing As Key To Security

A recent survey from the MacArthur Foundation found Americans overwhelmingly feel that affordable housing is an important part of achieving economic security. In fact, 85 percent of respondents said it was very important to achieving a secure, middle-class lifestyle. The … [Read more...]

Sales Of Newly Built Homes Fall In May

New home sales fell in May, according to new numbers released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. After soaring to an 8-year high the month before, sales dropped lower than economists expected, falling 6 percent from April. … [Read more...]

Existing Home Sales Hit 9-Year High

New estimates from the National Association of Realtors show home sales at their highest annual pace since February 2007. In fact, sales of previously owned homes increased 1.8 percent in May, marking the third consecutive monthly sales gain. Lawrence Yun, NAR's chief … [Read more...]

Mortgage Rates At Lowest Level In 3 Years

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates fell to their lowest level in three years last week. In fact, rates for 30-year fixed-rate mortgages with conforming loan balances dropped to levels last seen in May 2013. … [Read more...]

Are First-Time Home Buyers Ready To Buy?

Results from a recent survey conducted by Genworth Mortgage Insurance at the 2016 Mortgage Bankers Association Secondary Conference in New York found that the vast majority of mortgage professionals are expecting the number of first-time home buyers to grow in the near … [Read more...]

Housing Market Improves Despite Jobs Dip

An improving job market has been one of the many positive economic trends credited with helping lift the housing market over the past few years. Analysts believed real estate would overcome periods of volatility and continue to show long-term improvement based on the fact … [Read more...]

New Residential Construction Flat In May

Housing starts refer to the number of homes that broke ground during the month. The U.S. Census Bureau and the Department of Housing and Urban Development track starts – along with building permits and housing completions – as part of their monthly New Residential … [Read more...]

Builders Expect Stronger New Home Market

The new home market is particularly important to the health of the overall housing market. That's because any improvement in the number of new homes being built helps inventory levels, which also helps moderate prices and balance supply and demand. Currently, buyer demand is … [Read more...]