Archives for July 2016

Pending Sales Hold Steady In June

Pending home sales are an important indicator of the housing market's health because they measure contract signings, not closings. Since signings typically precede closings by a few weeks, pending sales are seen as a good predictor of where future home sales numbers will … [Read more...]

Mortgage Rates Increased Last Week

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

New Home Sales Up 25% Over Last Year

In June, sales of newly built, single-family homes reached their highest level since 2008, according to new numbers from the U.S. Census Bureau and the Department of Housing and Urban Development. The 3.5 percent increase from May puts new home sales 25.4 percent higher than … [Read more...]

Real Estate Remains Top Investment Choice

Any investment comes with its own set of risks. But, according to a new survey, Americans feel real estate is the safest place to invest their money long term. The survey, conducted by Bankrate, asked participants to choose what they felt would be the best place to invest … [Read more...]

Housing Market Continues Down Familiar Path

The housing market has been fairly steady for quite a while now. Mortgage rates have stayed low while prices continue to rise. In many markets, there are too few homes available for sale – and though affordability conditions have been affected by increasing prices and tight … [Read more...]

Existing Home Sales Top Expectations

Sales of previously owned homes were expected to drop in June, following three consecutive months of gains. But, according to new numbers from the National Association of Realtors, home resales beat economists' expectations and rose 1.1 percent from the month before. The … [Read more...]

Slight Rate Increase Slows Mortgage Demand

The number of Americans requesting mortgage applications fell 1.3 percent last week, according to the Mortgage Bankers Association's Weekly Applications Survey. The decline was due, in part, to a slight increase in average mortgage rates. The survey found rates up for … [Read more...]

New Home Construction Jumps In June

As a home buyer or seller, new residential construction numbers may not seem like they have a whole lot to do with you. But, at a time when there are more buyers than there are homes available for sale, the pace of new home construction has a significant impact on home … [Read more...]

Builders Still Optimistic About The Market

Because builders have an unique view of the new home market, the National Association of Home Builders tracks their perspective each month as part of their Housing Market Index. The survey has been conducted for 30 years and scores builders' responses on a scale where any … [Read more...]

Down Payment Savings By The Day

Coming up with a down payment can be a struggle, especially for first-time buyers. That's because – unlike repeat buyers who can use the sale of their current house to help fund their new home – first timers have to come up with the money the old fashioned way. That means, … [Read more...]