Freddie Mac Issues Outlook for 2015 and 2016
Freddie Mac has now released its monthly Insight & Outlook for August of 2015. While the group is saying that there is no single statistic pegging when a housing market is overvalued or likely…
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Newest first · Page 119Pending Home Sales Tick Higher on Strong Sales in the Northeast
The National Association of Realtors pending home sales index has now risen for six of the past seven months.
High Real Estate Broker Commissions May Help Sellers
A new study shows that real estate brokers who charge lower commission are treated badly by other brokers in their industry.
Mortgage Loan Rates Tick Lower as Loan Applications Remain Unchanged
When the Mortgage Bankers Association released its latest report on mortgage applications, it noted a week-over-week increase in the group's seasonally adjusted composite index for the week ending August 21.
New Home Sales Up 25% Year-Over-Year in July
The U.S. Census Bureau and the Department of Housing and Urban Development reported Tuesday morning that sales of new homes in July rose.
Cleveland, Washington, Chicago Post Smallest Gains on Case-Shiller June Index
In all 20 U.S. cities included in the S&P/Case-Shiller home price index, June house prices increased both year over year and month over month.
US Foreclosure Inventory at 8-Year Low
The total U.S. inventory of foreclosed properties is down more than 24% year over year in July to just 1.4% of mortgaged properties.
July Sales of Existing Homes Rise, but Higher Prices Could Limit More Growth
The National Association of Realtors reports that the seasonally adjusted annual rate of existing home sales in July remained at the highest pace since February 2007.
Mortgage Loan Rates Fell to 3-Month Lows Last Week
Mortgage loan rates fell on all types of loans last week, with most types posting their lowest levels since May.
Homebuilder Hovnanian Soars on Housing Market News
ThinkstockTwo strong reports on the new home market have lit a fire under the homebuilders’ stocks, and none more than Hovnanian Enterprises Inc. (NYSE: HOV) which is up more than 16% in the noon…
Top 3 Cities for Cash Home Sales All in Florida
ThinkstockIn May of 2015, cash sales comprised 31.9% of all home sales, down from 35.1% in May of 2014, marking the 29th consecutive year-over-year monthly decline. Cash sales fell by 1.9 percentage points compared…
New Housing Starts Return Pre-Recession Levels
ThinkstockThe U.S. Census Bureau and the Department of Housing and Urban Development reported Tuesday morning that new housing starts in July rose to a seasonally adjusted annual rate of 1.206 million, an increase of…
Homebuilder Confidence at 9-Year High in August
The National Association of Home Builders (NAHB)/Wells Fargo housing market index for August increased by one point to the highest reading since November 2005.
Mortgage Loan Rates Steady Before Chinese Devaluation Comes Into Play
The surprise devaluation of China’s currency also affects the U.S. home mortgage market indirectly but meaningfully.
Florida, Michigan, Texas Post Highest Foreclosures in June
The current foreclosure rate is the lowest since January of 2008, and the foreclosure inventory has declined every month for the past 44 months.