Mon, Jan 28 2008, 8:00 AM
The sales of new houses continued to decline in
December according to monthly data jointly released by the U.S. Census
Bureau and the U.S. Departm...
Thu, Jan 24 2008, 8:00 AM
Despite the steadily dropping sales throughout the year, 2007 ended up
with the fifth highest sales of existing homes on record. 5,652,000
existing ...
Fri, Jan 18 2008, 8:00 AM
Now it begins. The President and the Chairman of the Federal Reserve
admitted on Thursday (whether belatedly or not is for others to
determine) that...
Thu, Jan 17 2008, 8:00 AM
Housing starts took another nose-dive in December
according to a joint release from the U.S. Census Bureau and the
Department of Housing and Urban ...
Wed, Jan 16 2008, 8:00 AM
Mortgage rates plummeted last week as week economic
reports, chiefly jobs and unemployment reports came in at the weakest
levels in several years. ...
Mon, Jan 14 2008, 8:00 AM
The National Association of Realtors ( NAR ) announced
on Monday that it is launching a new campaign , reaching
out to consumers "with the facts ab...
Wed, Jan 9 2008, 8:00 AM
Interest rates were down significantly during the
week ended January 5, but the big news was the surge in mortgage
applications that welcomed in ...
Fri, Dec 28 2007, 8:00 AM
Sales of new single family houses dropped again in
November according to a joint report issued Friday by the U.S. Department
of Housing and Urban ...
Tue, Dec 18 2007, 8:00 AM
Housing starts took another dive in November, falling
another 3.7 percent from the revised October estimate of 1,232,000
starts. Even worse, the se...
Thu, Nov 29 2007, 8:00 AM
As usual the two monthly reports on home sales -
existing homes and newly constructed houses - were issued in lockstep on
Wednesday and Thursday a...
Tue, Nov 27 2007, 8:00 AM
The U.S. Council of Mayors released a devastating
report on the impact on member communities of the ongoing
housing market problems. The report, p...
Mon, Nov 26 2007, 8:00 AM
Late Monday morning one of Citigroup's analysts, Stephen Kim,
downgraded the entire homebuilding sector because he
could not find anything to sugg...
Wed, Nov 21 2007, 8:00 AM
Thu, Oct 25 2007, 7:00 AM
There was the tiniest ray of sunshine in the September New Residential
Sales Report issued on Thursday by the U.S. Census Bureau and the U.S.
Depart...
Wed, Oct 24 2007, 7:00 AM
The NAR report blamed the sales decline on temporary problems in the
mortgage market which disrupted sales and distorted prices on sales
closed duri...
Thu, Oct 18 2007, 7:00 AM
There is an old Western expression that a person's mood is "lower than
a snake's belly." Well lift up that snake and you just might find a home
buil...
Wed, Oct 10 2007, 7:00 AM
Frank Nothaft, Freddie Mac vice president and chief economist released
a statement saying "Mortgage rates eased slightly this week following
three w...
Wed, Oct 3 2007, 7:00 AM
Long term mortgage rates during the previous week did
not respond at all to the drop in the Federal Funds Rate announced by the
Federal Reserve a ...
Tue, Oct 2 2007, 7:00 AM
The National Association of Realtors ( NAR ) on Tuesday
released preliminary figures on sales contracts that were pending at the
end of August and t...
Fri, Sep 28 2007, 7:00 AM
The U.S. Census Bureau and the U.S. Department of Housing and Urban
Development issued their monthly joint report on August new house
sales on Thu...
Tue, Sep 25 2007, 7:00 AM
Probably no one who has read a paper or a website in the last 60 days
expected anything different, but the monthly report from the National
Associat...
Fri, Sep 14 2007, 7:00 AM
Lawrence Yun, senior economist for NAR said that unusual
disruptions are dampening the outlook for home sales, notably
for August and September. "...
Wed, Sep 5 2007, 7:00 AM
"Interest rates on conforming long-term fixed-rate mortgages declined
slightly, while rates on one-year adjustable rate mortgages increased by
about...
Thu, Aug 30 2007, 7:00 AM
Two executives from the National Association of Home
Builders held a teleconference on the "credit
crunch" on Tuesday. The one hour conference w...
Tue, Aug 28 2007, 7:00 AM
The Times quoted Moody's Economy.com, a research firm as predicting
that the national median home price will probably not return to its 2007
peak in...
Fri, Aug 24 2007, 7:00 AM
Sales of new homes improved slightly in July with a
seasonally adjusted annual sales pace of 870,000, up 2.8 percent above
the revised June sales ...
Fri, Aug 17 2007, 7:00 AM
Residential building permits and housing
starts continued to fall in July with the latter measure of the
nation's economic health dropping more ...
Thu, Aug 9 2007, 7:00 AM
Some interesting figures have been released by the Mortgage Bankers
Association which has announced that mortgage application
activity increased 8...
Fri, Aug 3 2007, 7:00 AM
We don't usually cover the monthly report on pending home sales issued
by the National Association of Realtors� (NAR), concentrating instead on
NAR ...
Fri, Jul 27 2007, 7:00 AM
It's been a rough week for the housing market. Homebuilder confidence
is in the gutter, existing home sales fell substantially and the bad news
eman...
Thu, Jul 26 2007, 7:00 AM
There was mixed news on the existing housing front in last month. The
monthly survey by the National Association of Realtors (NAR) � showed the
sal...
Fri, Jul 20 2007, 7:00 AM
The homebuilding industry is obviously in distress. But, in testimony
before the House Financial Services Committee, Federal Reserve Chairman
Ben B...
Thu, Jul 19 2007, 7:00 AM
Short-term adjustable rate mortgages (ARMs) were unchanged during the
last week, but longer term fixed and adjustable rate mortgages did move;
if up...
Fri, Jul 13 2007, 7:00 AM
It seems that nary a week can pass without a subprime
disaster of some type. This week is no exception although there
was at least a bit of variet...
Wed, Jul 11 2007, 7:00 AM
The Office of the Chief Economist of Freddie Mac issued its monthly
economic outlook for July on Monday and, in the narrative provided a
helpful an...
Thu, Jul 5 2007, 7:00 AM
Mortgage rates decreased for the second week in a row
according to the results of Freddie Mac's Primary Mortgage Market Survey
for the previous wee...
Tue, Jun 26 2007, 7:00 AM
The National Association of Realtors can always be depended upon to
put the best face on housing news.
The monthly report on the sales of existin...
Fri, Jun 22 2007, 7:00 AM
The Harvard Joint Center for Housing Studies recently released its
annual State of the Nation's Housing report for 2007. It is
dismal reading.
...
Tue, Jun 19 2007, 7:00 AM
Two measures of the housing market were released this
week and each shows that, at best, builders are remaining cautious; at
worst they are showin...
Mon, Jun 11 2007, 7:00 AM
Two days, two economic forecasts; the first which we reported on
earlier from the National Association of Realtors (NAR) showed a rapid
deterioratio...
Fri, Jun 8 2007, 7:00 AM
The National Association of Realtors has backpedaled
on previous housing forecasts with it U.S. Economic Outlook report for
June released on Wedne...
Wed, Jun 6 2007, 7:00 AM
Longer term mortgage rates hit 2007 highs during last
week according to the results of Freddie Mac's Primary Mortgage Market
Survey. With the exce...
Tue, Jun 5 2007, 7:00 AM
Flips are beginning to crowd the market as home sales slow. Investors
who mistimed the market are finding that it is taking
much longer than they ...
Wed, May 30 2007, 7:00 AM
Maybe it is just temporary, but it looks like the worm - that is the
mortgage interest rate version of it - has finally
turned.
Freddie Mac's P...
Fri, May 25 2007, 7:00 AM
