Survey

Aug. 25, 2016

Mortgage Rates See Slight Increase Last Week

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates moved up last week across all loan categories, including 30-year fixed-rate mortgages with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. The increases, though slight, were enough to cause a …

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Aug. 24, 2016

Sales Of New Homes Surge In July

New numbers released by the U.S. Census Bureau and the Department of Housing and Urban Development show sales of new single-family houses up 12.4 percent in July from the month before. The improvement puts new home sales at a nine-year high. Rebounding strength in …

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Aug. 23, 2016

Housing Market Conditions Mixed But Steady

Today's housing market is a mixed bag. On the one hand, a better job market, improving wage growth and low mortgage rates have driven buyer demand higher and made an increasing number of Americans consider buying a house. On the other, too few homes for …

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Aug. 22, 2016

The Typical New Home Is Getting Smaller

Historically, buyers at the higher end of the housing market rebound more quickly from a recession than the average home buyer – who may have to watch their money more closely during rough economic times. Because of this, the typical new house has been growing larger ever since the housing …

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Aug. 19, 2016

Home Sales To Have Best Year In A Decade

The housing market is likely to see its best year of sales in a decade, according to a new outlook from Freddie Mac. In fact, the group's forecast calls for sales to reach 6.04 million by the end of the year. Sean Becketti, Freddie Mac's chief economist, says the housing …

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Aug. 18, 2016

Mortgage Rates Hold Near Record Lows

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates fell again last week, continuing to hover near record lows. Rates fell across all loan categories, including 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, …

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Aug. 16, 2016

Builders Confident In New Home Market

One way to determine the health of any particular housing market is to gauge how many new homes are being built in the area. That's because new homes add inventory to the market, which plays an important role in moderating price increases and giving buyers more options when looking for …

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Aug. 16, 2016

Survey Says Many Boomers Would Like To Move

During their lifetime, the typical American will move 11 times, according to the U.S. Census Bureau. In fact, by age 30, the average person will have changed addresses six times already. But what about older Americans? Well according to a recent survey from Freddie Mac, there are a lot of …

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Aug. 12, 2016

Home Prices Continue To Rise In Most Metros

The National Association of Realtors' latest quarterly report found home prices up in 83 percent of the 178 metropolitan areas included in the study. In addition, the national median existing single-family home price was 4.9 percent higher in the second quarter than it was the year before. But though that's …

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Aug. 11, 2016

Mortgage Rate Drop Sparks Increased Demand

According to the Mortgage Bankers Association's Weekly Applications Survey, demand for mortgage applications spiked 7.1 percent last week due to falling mortgage rates. Average rates were down for 30-year fixed-rate mortgages with both conforming and jumbo balances, as well as loans backed by the Federal Housing Administration. On the …

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