Mortgage Rates Fall Over Holiday Weeks

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The most recent data from the Mortgage Bankers Association’s Weekly Applications Survey actually covers two weeks and includes adjustments for the Christmas and New Year’s holiday. Typically a slow period for mortgage applications, the holidays resulted in a 9.1 percent decline in demand over the past two weeks. Refinance activity was down 12 percent and the seasonally adjusted Purchase Index …

Americans Enter New Year Feeling Confident

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The economy and housing market are linked in such a way that one can’t do very well without the other. That’s why even though a large majority of Americans continue to express a desire to own their own home, residential real estate has experienced a gradual, up-and-down recovery since the financial crisis and housing crash. Without sustained growth and a …

Real Estate Trends To Watch In 2015

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The beginning of every new year brings optimism, a chance for a fresh start, and a flood of predictions from analysts and experts who believe they know what will unfold over the next 12 months. This is especially true for residential real estate and the housing market, where there is no shortage of expert opinions offering an outlook for the …

Pending Home Sales Improve In November

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The National Association of Realtors’ Pending Home Sales Index measures how many contracts to buy homes were signed each month. Because the index measures sales that have yet to close, it is a good indication of future existing home sales. In November, the index rose 0.8 percent and was above year-before levels for the third consecutive month. It is now …

Home Price Increases Continue On Trend

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For most of 2014, home prices have continued to go up, but at a slower and slower pace. This is a sign that the dramatic increases of the previous year are being replaced by increasing stability in home values. And, according to the most recent S&P / Case-Shiller Home Price Indices, the trend continues. Both their 10-city and 20-city indexes …

Americans Optimistic About Housing in 2015

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Americans are more optimistic about the housing market than they have been at any time since the real-estate recovery began, according to a recent survey from Trulia. In fact, 74 percent of respondents agreed that buying a home was part of their personal American Dream, with an even larger percentage of potential first-time buyers expressing the same. Among 18-to-34 year …

November New Home Sales Down 1.6%

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Sales of newly built single-family homes fell 1.6 percent in November from October’s sales rate. New home sales were also down 1.6 percent from one year earlier. The drop – which included decreases in three of four U.S. regions – brought sales to their slowest pace in four months and fell well below economists’ expectations for the month. Sales were …