Consumer Sentiment Toward Housing Falls Despite Economic Optimism
Despite an improving economy, consumer sentiment toward the housing market continued to fall in October, dropping 2.0 points to a score of 85.7 on...
Erosion of Affordability is Slowing Home Price Growth
U.S. home prices increased 0.4% in September compared with August and were up 5.6% compared with September 2017, according to CoreLogic’s home price index.
Currently,...
Strong Jobs Report, Rising Wages, Good News For Mortgage Lenders
The U.S. economy added about 250,000 jobs in October, with strong gains in health care, manufacturing, construction, and transportation and warehousing, the U.S. Bureau...
Home Price Appreciation Continued to Slow in August
U.S. home price appreciation continued to slow in August, as shown by the S&P CoreLogic Case-Shiller home price index report.
Month-over-month, home prices increased 0.6%,...
Pending Home Sales Fell Again in September
After falling in August, pending home sales increased 0.5% in September compared with August to reach score of 104.6 on the National Association of...
Rising Mortgage Rates Are Slowing Home Price Appreciation
Home price appreciation increased 1.0% in the third quarter compared with the second quarter and was up 4.8% compared with the third quarter of...
Rate Lock-In Effect Has Homeowners ‘Imprisoned’ in Their Existing Homes
Rising mortgage rates are creating a financial disincentive that's preventing existing homeowners from selling.
New Home Sales Fell 5.5% in September, Driven by Huge Drop in the Northeast
After increasing 3.5% in August, sales of new, single-family homes slid in September, falling 5.5% to seasonally adjusted annual rate of 553,000, down from...
NAR: September Existing-Home Sales Dragged Down by Rising Mortgage Rates
Existing-home sales fell again in September to a seasonally adjusted annual rate of 5.15 million, down 3.4% compared with August and down 4.1% compared...
Mortgage Rates Dip Slightly as Housing Market Softens
Mortgage rates dipped slightly this week, as the average rate for a 30-year fixed-rate mortgage fell to 4.85%, down from 4.90%, according to Freddie...
Housing Starts Fell in September, Hurricane Recovery Won’t Help
The recovery from hurricanes Michael and Florence will likely slow housing starts in the months to come.
Housing Sentiment Dips Slightly on Interest Rate Concerns
Rising mortgage rates dampened consumer sentiment toward the housing market in September, pushing Fannie Mae’s Home Purchase Sentiment Index to a score of 87.7, a...
CoreLogic: Hurricane Michael Threatens More Than 57,000 Homes
Hurricane Michael poses a threat to about 57,000 homes in the Florida Gulf Coast with a reconstruction cost value (RCV) of approximately $13.4 billion,...
Home Price Appreciation Slowing, CoreLogic’s HPI Shows
Home price appreciation is slowing across there U.S., CoreLogic’s home price index report for August shows - yet many homeowners say they are waiting...
Lack of Inventory: The Affordability Killer
Low inventory and high home prices resulted in pending home sales falling 1.8% in August to a score of 104.2 on the the National...
New Home Sales Increased in August After Two Months of Declines
New home sales were at a seasonally adjusted annual rate of about 629,000 in August, an increase of 3.5% compared with a revised rate...
Slowing Pace of Home Price Appreciation is ‘Widespread’
U.S. home prices continued to rise in July, however, the pace of appreciation is slowing, according to the S&P CoreLogic Case-Shiller home price index.
The...
Existing Home Sales Flat in August But Down From a Year Ago
After four consecutive months of declines, existing-home sales were at a seasonally adjusted rate of 5.34 million in August, flat compared with July but...
U.S. Homeowners Continued to Gain Equity in Q2
About 2.2 million properties, or 4.3% of all properties with a mortgage, were in negative equity in the second quarter - and while that...
Housing Starts Jumped 9.2% in August
After dropping in June and July, housing starts regained some ground in August, rising to an annual rate of about 1.282 million, an increase...