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.
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Housing Economy
Mortgage Rates Fall to Lowest Level in a Month. Housing Market Could See a Continued Rebound.
Mortgage applications increased for the third consecutive week, despite the ongoing volatility in the financial markets and the broader economy.
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Finding Balance with Supply and Demand
The housing market rebound is limited by a “weird economy” By Patrick Duffy These days, if you search online for
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Mortgage Rates Drop, Catching the Attention of Homebuyers
Down from 6.73% from the week before, the 30-year fixed-rate mortgage averaged 6.60% in the week ending March 16. According
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Biden Unveils 2024 Budget Proposal
The Biden budget calls for a significant expansion of the Low-Income Housing Tax Credit, which NAHB supports. President Biden yesterday
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Economy (and Inflation) Starts 2023 Stronger than Expected
According to Fannie Mae, this week’s data releases suggest the economy started 2023 on a significantly stronger footing than we had
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A New Measure for the Country’s Housing Markets
Comparing the health of U.S. housing markets based on demand, supply and financial data By Patrick Duffy During these challenging
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U.S. Expected To Avoid a Repeat of 2008 Financial Crisis: Fannie Mae
Though home prices are predicted to drop 6% in the next two years, according to Fannie Mae. Also reported was
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Mortgage Activity Increases after Dip in Rates
Mortgage activity increased to 7.4% and the average 30-year fixed-rate mortgage fell to 6.18%. According to Eye on Housing, the Market
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Mortgage Rates Keep Dropping, Making Housing Affordable for Millions More
Falling mortgage rates mean for a busy spring homebuying season. According to Fox Business, the average rate for a 30-year
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A Housing Downturn in 2023 Followed by a Recovery in 2024
Though the housing recession will trickle into 2023, the second half of 2023 may lead to a turning point for
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Important trends in 2023 to maximize headway on an ocean of opportunity to provide much needed housing By Don Neff
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A Look Ahead to 2023: Expect the Unexpected
Home values in 2023 may remain even stickier than in past downturns By Patrick Duffy A month ago, I wrote
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