Existing Home Sales Rise
Existing Home Sales for October were up 1.5%. However, home prices were up 5.5% year over year.
This was a strong week for housing on all fronts.
Blog
Rents Predicted To Rise 2x Faster Than Home Values
Each month, Fannie Mae polls 1,000 U.S. households for its National Housing Survey. The survey gathers consumer observations on the U.S. economy; and polls for future expectations.
In addition to broad economic themes, the survey covers housin...
Home Price Gains Narrow across all Case-Shiller Indices
The August S&P/Case-Shiller 20-city Index rose by 5.6% year-over-year, which is down from the 6.7% recorded year-over-year in July and near the 5.5% expected. It was the slowest year-over-year increase since November 2012 as price appreciation ...
Home loan rates reach 18-month lows.
It’s been a week of extreme volatility in the markets, though the reasons for this are pretty clear. Read on for details, and what they mean for home loan rates.
The sell-off in Stocks continued in the latest week, pushing Mortgage Bonds con...
Unemployment falls below 6% for first time since 2008
Unemployment falls below 6% for the first time since 2008. The Labor Department reported on Friday that U.S. employers added 248,000 new workers in September, well above the 210,000 expected. In addition, the July and August figures were revise...
Annual Home Price Gains Ease
The July S&P/Case Shiller 20-city Home Price Index saw an increase of 6.7% from July of 2013, the slowest pace since late 2012. This was below the 7.4% expected and down from the 8.1% registered year-over-year in June. Home price appreciation c...
Existing Home Sales Slip
August Existing Home Sales declined by nearly 2% from July to an annual rate of 5.05 million units, which was partly due to a decrease in all-cash sales. Most economists were expecting a 5.2 million increase…it was the first decline in five m...
Home Builder Confidence Rises
Home builder confidence in the newly built single home sector of the market, hit its highest level since November of 2005 in September. The National Association of Home Builders (NAHB) reported that its Housing Market Index rose by four points ...
Markets Not a Fan of Uncertainty
Despite some positive economic reports late in the week, the markets grew volatile ahead of the upcoming Fed meeting.
“I don’t know where we’re going, but we’re on our way!” That quote from a Little Rascals episode applies to the mar...