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Mortgage Rates Increase Rapidly

Mortgage rates rose rapidly today, almost completely erasing the improvement following last week’s Fed Announcement. This is especially ironic considering most major media outlets are running Freddie Mac’s weekly mortgage rate survey headli...

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February New Home Sales

New Home Sales for February, which measures signed contracts, were reported up a whopping 8% at a 539kk unit pace. This was better than expected and the strongest number we have seen in almost 8 years! Additionally, last month’s number was re...

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California Housing Bounces Back in February

Slowing home price appreciation and improving inventory combined to boost California’s housing market in February as existing home sales and median home prices increased from both the previous month and year.
Sales in February were up 4.7% f...

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Major Changes Coming for Credit Reporting

It was hailed by NBC news on Monday as the most radical change to credit reporting in decades and New York Attorney General Eric T. Schneiderman said his agreement with the three major national credit reporting agencies (CRAs) will reform the e...

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Homebuyers were Busy in January; Pending Sales Rise

Even though sales of existing homes dropped by 4.9 percent in January buyers were apparently out shopping and seriously so. The National Association of Realtors® said that its Pending Home Sales Index (PHSI) climbed to 104.2 in January, a 1.7 ...

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