Tue, Aug 23 2022, 12:29 PM
The headline conveys the thesis quite well when it comes to the New Residential Sales data just released by the Census Bureau. July's total fell to a ...
Thu, Aug 18 2022, 3:16 PM
Homes are still selling in record time, but affordability and low inventories are driving sales lower. The National Association of Realtor® (NAR) says...
Mon, Aug 15 2022, 10:51 AM
What a difference 4 months make! In April, the National Association of Homebuilders (NAHB) recorded a Housing Market Index (aka "builder confidence")...
Wed, Jul 27 2022, 1:47 PM
Pending home sales broke out of a seven-month slump in May, gaining 0.7 percent. If this were baseball, we might now call it a “balk.” The National As...
Tue, Jul 26 2022, 11:33 AM
New home sales fell again in June, more than wiping out the increase posted for May. The U.S. Census Bureau and the Department of Housing and Urban De...
Wed, Jul 20 2022, 2:52 PM
The National Association of Realtors (NAR) reported that June saw the 5th consecutive monthly decline in Existing Home Sales today. The annual pace o...
Wed, Jul 6 2022, 11:52 AM
The two-year explosion in home prices appears to be cooling a bit. Black Knight says annual appreciation was down in May for the second straight month...
Mon, Jun 27 2022, 3:43 PM
Pending Home Sales hit their most recent peak in October according to data reported in November, 2021 by the National Association of Realtors (NAR). ...
Fri, Jun 24 2022, 12:56 PM
Last month's New Home Sales data from the Census Bureau was a real downer. It showed sharp declines in sales and a puzzlingly abrupt jump in inventor...
Tue, Jun 21 2022, 4:17 PM
April, May, and June of 2020 were the only 3 months where Existing Home Sales suffered as a result of the pandemic. During those three months, the an...
Wed, Jun 15 2022, 6:06 PM
Builders are increasingly nervous about the impact inflation and higher interest rates might have on prospective home buyers in coming months. The Nat...
Wed, Jun 8 2022, 3:48 PM
It's a fairly sobering headline any way you word it: mortgage applications hit the lowest levels in 22 years last week according the the Mortgage Bank...
Mon, Jun 6 2022, 3:36 PM
In stark contrast to the recent New Home Sales data, a new white paper from Black Knight suggests that, by the time we include existing homes, there a...
Thu, May 26 2022, 10:43 AM
The National Association of Realtors® (NAR) says its Pending Home Sales Index (PHSI) in April represents a sixth consecutive monthly decline. The Inde...
Tue, May 24 2022, 1:43 PM
The housing market has been keeping its head down, keeping calm, and carrying on in the face of the biggest rate spike since the 1980s. The ability t...
Tue, May 10 2022, 9:46 AM
Consumers opinion about the wisdom of buying a home went underwater in April 2021 and continues to sink. Fannie May says the question about whether it...
Wed, Apr 27 2022, 2:43 PM
Today brought 2 new scheduled data releases for the housing market. Both were fairly logical given the variables in play. So far in 2022, one of the...
Tue, Apr 26 2022, 3:21 PM
New, single family home sales declined by 8.6 percent in March according to data released today by the Census Bureau. That seems like a fairly substa...
Mon, Apr 25 2022, 3:32 PM
Mortgage delinquencies hit a record low in March according to the "first look" report on mortgage performance released today by Black Knight. Hitting ...
Fri, Apr 22 2022, 12:29 PM
As home sales surged and prices soared, real estate investors were no small part of the mix. CoreLogic says the share of home sales going to investor...
Wed, Apr 20 2022, 3:07 PM
The brutal interest rate spike of 2022 has been all over the news for more than a month, but the strong pace of home sales (or purchase mortgage appli...
Wed, Apr 13 2022, 11:27 AM
The Mortgage Bankers Association (MBA) reported double digit increases in the interest rates of most mortgage products again last week, and refinancin...
Fri, Mar 25 2022, 2:30 PM
Friday’s pending home sales report was the hat trick; all three home sales measures declined last month . While new and existing home sales have had ...
Thu, Mar 24 2022, 9:52 AM
While they began to become homeowners at a more advanced age than many of their predecessors and encountered an abnormally high number of obstacles ge...
Fri, Mar 18 2022, 1:13 PM
Existing home sales slowed in February and the National Association of Realtors® (NAR) said the recent rise in interest rates may have already knocke...
Fri, Feb 25 2022, 12:39 PM
The National Association of Realtors released January's Pending Home Sales report this morning, which measures signed purchase contracts as opposed to...
Thu, Feb 24 2022, 1:46 PM
In today's release from the Census Bureau, New Home Sales fell 4.5% in January to an annual pace of 801k units. Economists were already expecting a d...
Wed, Feb 23 2022, 3:02 PM
Fannie Mae’s economists have again stepped up their expectations for the Fed’s response to escalating inflation. A 7.5 percent annual increase in the ...
Fri, Feb 18 2022, 11:21 AM
The Mortgage Bankers Association (MBA) is projecting a decline in new home sales for January. Based on data collected from its Builder Application Sur...
Fri, Feb 18 2022, 11:09 AM
While last year was an excellent one for existing home sales, they did peter out at the end, falling 4.6 percent in December. The January numbers, rel...
Wed, Feb 16 2022, 10:47 AM
There was another bit of erosion in builder confidence in February. The National Association of Home Builders (NAHB) said the NAHB/Wells Fargo Housing...
Mon, Jan 31 2022, 3:09 PM
ATTOM’s 2021 year-end report on the housing market found it was far from a typical year. The company noted a number of recent or all-time highs and lo...
Thu, Jan 27 2022, 10:33 AM
Pending home sales fell for the second month in December and are finishing up the year well below their December 2020 level. The National Associatio...
Wed, Jan 26 2022, 11:32 AM
New home sales finished the year less spectacularly than they started it, but the 11.9 percent month-over-month increase was the best since last Mar...
Mon, Jan 24 2022, 12:45 PM
Freddie Mac’s first quarterly forecast for 2022 cites the need for improvement in the nation’s employment picture. Even though the December report fro...
Fri, Jan 21 2022, 2:18 PM
While new home sales have been performing well over the last few months, the Mortgage Bankers Association (MBA) expects a stumble in December. Its Bui...
Thu, Jan 20 2022, 11:36 AM
Existing home sales dropped in December, snapping a three-month streak of increases. The National Association of Realtors® (NAR) said the month’s sale...
Wed, Dec 29 2021, 10:50 AM
When pending home sales jumped 7.5 percent in October rather than the fractional increase expected, Lawrence Yun, chief economist for the National A...
Thu, Dec 23 2021, 1:05 PM
November was another one of those months for new home sales when the topline numbers look terrific. And then you take a second look. The U.S. Census B...
Thu, Dec 23 2021, 11:36 AM
The Mortgage Bankers Association (MBA) is ending their business year, they will be closed until January 3, with their annual housing and economic fore...
Wed, Dec 22 2021, 11:19 AM
Existing home sales came in a little lower than expected in November, but it was still the third consecutive gain. The National Association of Realtor...
Mon, Dec 20 2021, 1:35 PM
Fannie Mae jumped up its forecast for real GDP on a Q4/Q4 basis this week, revising it from 4.8 percent in last month's report to 5.5 percent. The com...
Wed, Dec 15 2021, 10:37 AM
Builder confidence in the new home market is finishing 2021 strong despite what the National Association of Home Builders (NAHB) says are inflation co...
Mon, Nov 29 2021, 11:05 AM
The number of signed contracts for the purchase of existing homes made another significant about face in October. The National Association of Realtors...
Wed, Nov 24 2021, 10:47 AM
New home sales improved slightly on the unexpected, reported surge in September and still managed to disappoint. The U.S. Census Bureau and the Depart...
Mon, Nov 22 2021, 11:11 AM
Existing home sales moved higher in October, the second consecutive month of growth . The National Association of Realtors® (NAR) said sales of pre-ow...
Fri, Nov 19 2021, 12:45 PM
The ink wasn’t dry on Fannie Mae’s October economic forecast when the month’s Consumer Price Index (CPI) was published showing an inflation rate two-t...
Tue, Nov 16 2021, 11:26 AM
The Mortgage Bankers Association (MBA) is expecting that a higher volume of new home sales occurred in October than in the previous month, even as pur...
Tue, Nov 16 2021, 11:20 AM
The National Association of Home Builders (NAHB) said builder confidence in the new home sales market increased in November for the third consecutive ...
Mon, Nov 15 2021, 10:57 AM
The National Association of Realtors® (NAR), holding its annual conference in San Diego, heard from chief economist Lawrence Yun about the prospects f...
