Pending Home Sales Grew for Third Straight Month, Up 0.8% in February
Pending home sales rose for the third consecutive month, up 0.8% from January. Month-over-month, contract signings increased in three U.S.
Read morePending home sales rose for the third consecutive month, up 0.8% from January. Month-over-month, contract signings increased in three U.S.
Read moreMortgage applications increased for the third consecutive week, despite the ongoing volatility in the financial markets and the broader economy.
Read moreThe housing market rebound is limited by a “weird economy” By Patrick Duffy These days, if you search online for
Read moreDown from 6.73% from the week before, the 30-year fixed-rate mortgage averaged 6.60% in the week ending March 16. According
Read moreThe Biden budget calls for a significant expansion of the Low-Income Housing Tax Credit, which NAHB supports. President Biden yesterday
Read moreGross domestic product (GDP), adjusted for inflation, increased at a 2.7 percent annualized rate in Q4 2022, and new single-family
Read moreThe Pending Home Sales Index (PHSI) improved from 8.1% to 82.5 in January. According to the National Association of Realtors, “buyers
Read moreAccording to Fannie Mae, this week’s data releases suggest the economy started 2023 on a significantly stronger footing than we had
Read moreComparing the health of U.S. housing markets based on demand, supply and financial data By Patrick Duffy During these challenging
Read moreThough home prices are predicted to drop 6% in the next two years, according to Fannie Mae. Also reported was
Read moreMortgage activity increased to 7.4% and the average 30-year fixed-rate mortgage fell to 6.18%. According to Eye on Housing, the Market
Read moreFalling mortgage rates mean for a busy spring homebuying season. According to Fox Business, the average rate for a 30-year
Read moreThough the housing recession will trickle into 2023, the second half of 2023 may lead to a turning point for
Read moreImportant trends in 2023 to maximize headway on an ocean of opportunity to provide much needed housing By Don Neff
Read moreHome values in 2023 may remain even stickier than in past downturns By Patrick Duffy A month ago, I wrote
Read moreSome experts have asserted that a crash is coming, while others believe that the market is undergoing a correction, a
Read moreNational Association of Home Builders Chief Economist Robert Dietz provides housing industry overview. According to NAHB, as the easing cycle
Read moreSome points are only temporary, while others might be here to stay By Patrick Duffy As New Year’s Eve clocks
Read moreMortgage rates, though expected to rise, won’t move much higher than they are now. According to Fox Business, the housing market
Read moreThe historic rise of work from home and its outsized influence and impact on housing markets in outlying suburbs, smaller
Read moreAfter six straight weeks, long-term U.S. mortgage rate ticked down modestly. According to U.S. News, the average on the key
Read moreSensible, legal immigration policies can strengthen the U.S. economy and boost the housing market By Patrick Duffy It’s certainly not
Read moreAn analysis by NAHB Chief Economist Robert Dietz. According to NAHB, Since the start of 2022, the benchmark 10-year Treasury rate
Read moreFor the sixth week in a row, mortgage rates have surged, closing in on 7%. According to CNN Business, the
Read moreThe turn we’ve all been waiting for has finally happened. Housing prices are down in 77% of U.S. metro areas.
Read moreThe national average mortgage payment dropped to $1,839. According Mortgage Professional America, “Most of the country saw modest improvements in homebuyer
Read moreThe pace of moderation varies significantly by market By Mark Fleming In June 2022, the Real House Price Index (RHPI)
Read morePrices are retreating from their historic highs, effecting us all, buyers and renters. According to Consumer Affairs, “six months to a
Read moreMortgage applications rebounded with a 3.8% weekly gain in volume levels. According to Mortgage Professional America, “treasury yields continued to climb
Read moreIt’s also about social instability and reduced economic growth By Patrick Duffy In years past, whenever the price of food
Read moreThough already having fallen and sparked fear of recession, home prices have further to go. According to New York Post,
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