Economy

May 1, 2018

Contract Signings Edge Forward In March

When a homeowner accepts an offer to buy their home, that home's sale is considered pending until the deal has closed. Because there are usually a few weeks between the contract signing and closing, tracking pending sales can be a good way of forecasting future home sales activity. For ...

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Posted in Economy
April 16, 2018

Renters Say Cost Drives Their Housing Decisions

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Posted in Economy
Feb. 26, 2018

Number Of Showings Up Over Last Year

If you want an accurate read of how many interested home buyers are active in the housing market right now, you can't do much better than a measure of appointments to view available homes. The number of showings potential buyers set up provides a pretty good snapshot of how ...

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Posted in Economy
Feb. 16, 2018

Builders Expect New Home Sales To Grow

If anyone knows the new home market, it's builders. After all, their business depends on demand for newly built homes. That's why the National Association of Home Builders surveys them monthly to gauge their perception of the market today and over the next six months. According to their ...

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Posted in Economy
Feb. 1, 2018

Mortgage Rates Move Higher For 2nd Straight Week

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates moved higher for the second consecutive week last week. Rates were up across all loan categories, including 30-year fixed-rate mortgages, loans backed by the Federal Housing Administration, and 15-year loans. Joel Kan, an MBA economist, told CNBC ...

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Posted in Economy
Jan. 30, 2018

Forecast Sees Little Change On The Horizon

Depending on the results of the most recent monthly housing report, you might get the impression that the market is horrible or just fine. Mainly, that's because monthly real-estate reports often show an exaggerated amount of volatility. In other words, month-to-month results are typically far more up-and-down than what ...

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Posted in Economy
Jan. 8, 2018

Analyst Says Don't Expect Big Changes In 2018

Housing market fundamentals have been relatively steady, for some time now. Mortgage rates have been low by historical standards, prices have been rising, and inventory has been down. All three of these factors, combined with a growing economy and stronger job market, have kept the real-estate market in a kind ...

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Posted in Economy
Jan. 3, 2018

Homeownership Seen As Path To Financial Security

There's no shortage of opinions, these days. Which means, you've probably heard varying viewpoints on whether or not buying a house is really a smart investment. Especially following the housing crash, it became more popular to say that buying a home may not, in fact, be a better ...

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Posted in Economy
Oct. 23, 2017

September Home Sales Improve Slightly

After consecutive months of decline, sales of existing homes – including single-family homes, townhomes, condominiums, and co-ops – rose 0.7 percent in September, according to the National Association of Realtors. The improvement may have been even greater if not for lack of inventory in some markets and the effects ...

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Posted in Economy
Oct. 11, 2017

Potential Home Buyers Feel More Optimistic

Each month, Fannie Mae surveys Americans to get a feel for how people view the housing market, home prices, mortgage rates, and whether or not it's a good time to buy or sell a home. According to the most recent results of their Home Purchase Sentiment Index, the end ...

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Posted in Economy