new home sales

Americans Over 70 Have Seen An Increase of 543% in the Last 20 Years

Today’s News Synopsis: Debt among oldest Americans skyrockets.  The Mortgage Bankers Association reported mortgage application increased 1.5% from last week.  New home sales increased by 7.9% to their highest level in January, putting them now at 764,000. In The News: Realtor.com – “7 Architectural Elements You Should Never Touch During a Renovation” (2-26-2020) “Older homes have plenty …

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Just To Make Rent

Today’s News Synopsis: Younger renters and parents sacrifice more…Mortgage rates increased with 30-year rates now at 3.75% and 15-year rates at 3.2%.  New home sales increased by 5.6% in the third quarter according to Redfin. In The News: Freddie Mac – “Mortgage Rates Tick Up” (11-14-2019) “Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market …

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How Will They Impact Investors and Agents?

Today’s News Synopsis: 11 Upcoming Real Estate trends.  New home sales continued to remain steady in September, having decreased only 0.7% to 701,000 units.  Freddie Mac reported mortgage rates increased this past week with 30-year rates now at 3.75% and 15-year rates at 3.18%. In The News: Freddie Mac – “Mortgage Rates Rise” (10-24-2019) “Freddie Mac (OTCQB: …

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iBuyer Beware!

Today’s News Synopsis: Bernie Sanders housing plan would not be good for iBuyers.  The NAHB reported new homes sales increased by 7.1% in August, a healthy gain.  Mortgage applications, meanwhile, decreased 10.1% from last week. In The News: NAHB – “New Home Sales Post Solid Gains in August” (9-25-2019) “Sales of newly built, single-family homes increased …

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For Better Or For Worse

Today’s News Synopsis: When buying real estate, it might be best to expect the worst.  HUD and the Commerce Department reported new home sales bounced back in June by 7%, coming in at 646,000.  Mortgage applications decreased for the fourth week in a row, coming in at 1.9%. In The News: NAHB – “New Home Sales …

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