Posts Tagged ‘NAHB’

NAHB Report Shows Builder Confidence Remains Strong

June 15th, 2017

Today’s News Synopsis: The NAHB reported builder confidence continues to remain strong, having decreased only slightly to 67 from 69.  Freddie Mac reported mortgage rates increased slightly after having steadily decreased for a long time; 30-year rates now stand at 3.91% and 15-year rates at 3.18%.  The pace at which homes

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Interest Rates Saw the Third Increase Today by the Federal Reserve Since 6 Months Ago

June 14th, 2017

Today’s News Synopsis: In a breaking news story, the Federal Reserve raised interest rates today for the third time in six months and plans to raise them one more time.  However, they may reconsider this decision with the drastic decrease and slowdown in consumer-price inflation.  More wealthy home buyers are going

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Realtor.com List Shows Top 10 Cities Where Owning a Home Comes With a Hidden Cost

June 5th, 2017

Today’s News Synopsis: Realtor.com’s latest list shows the top 10 housing markets where owning a home comes with several hidden costs.  Black Knight Financial Services reported first lien mortgage originations decreased 34%, while refinance lending also decreased by 45%.  Although it is still the dream of many Americans to own a

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Labor Market Improving With Jobless Claims Showing Little Change

May 25th, 2017

Today’s News Synopsis: Mortgage rates decreased again to their lowest this year with 30-year rates at 3.95% and 15-year rates at 3.19%.  Loans originated on residential properties came in at 1.4 million in the first quarter, down 30% from the previous quarter and up 21% year over year.  The labor

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Suburbs Are the Areas Seeing the Biggest Increase in Rents

May 19th, 2017

Sources: Builder Confidence Continues on Upward Trend April New Home Purchase Mortgage Applications Drop 4.3 Percent Year over Year Multifamily Drop Brings Down Housing Production 2.6 Percent in April Delinquencies Decline in Latest MBA Mortgage Delinquency Survey April home sales and price report Mortgage Rates Edge Down Another Second Quarter Rebound Likely to Follow First Quarter Slowdown Diplomas

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Foreclosures Activity Decreases To Lowest in 12 Years

May 11th, 2017

Today’s News Synopsis: Freddie Mac reported mortgage rates continue to hold steady with 30-year rates at 4.05% and 15-year rates at 3.29%.  ATTOM Data Solutions reported foreclosure activity decreased 7% month-over-month and 23% year-over-year to its lowest in 12 years.  Housing affordability increased slightly in the first quarter with 60.3%

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Seriously Underwater Properties Decrease by 1.2 million Year-Over-Year

May 4th, 2017

Today’s News Synopsis: ATTOM Data Solutions reported seriously underwater properties decreased by 1.2 million year-over-year in the first quarter.  The latest Houzz & Home Survey showed more money is being spent on home renovations by both millennials and first-time homebuyers.  Late summer is the best time to purchase a home

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25% of Sellers Not Worried About Selling Their Home

May 1st, 2017

Today’s News Synopsis: 25% of sellers are not worried about selling their home according to the latest NAHB survey.  The latest Mortgage Monitor Report from Black Knight Financial Services showed that 19% of HELOCs that are currently active are expected to reset this year.  More and more people are choosing

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Zillow Reports Slowest Increase in Rents Since November 2012

April 20th, 2017

Today’s News Synopsis: Mortgage rates decreased again to below 4% with 30-year rates now at 3.97% and 15-year rates at 3.23%.  Confidence in the housing market is higher as shown by the increase in home remodeling.  Zillow reported the slowest increase in rents since November 2012 in their latest Real

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Fannie Mae Economic Outlook Does Not Expect Much Change This Year

April 17th, 2017

Today’s News Synopsis: The NAHB reported builder confidence remained relatively stable this month, having only decreased 3 points to 68.  Fannie Mae released their Economic and Housing Outlook for April, showing it remaining at 2% and not likely to change much this year.  Blueprint Robotics in Baltimore builds houses on

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