pending home sales

Squirrel!

Today’s News Synopsis: You’ve heard of the mini homes for cats, but a restaurant for squirrels?  The Mortgage Bankers Association reported mortgage applications decreased 3.3% from last week.  Pending home sales decreased last month, leading the NAR to believe the slump in the housing market is only temporary. In The News: National Association of Realtors …

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Push ‘Em Down, Push ‘Em Down, Way Down!

Today’s News Synopsis: Even lower interest rates are what most first-time homebuyers want the most from the government.  The National Association of Realtors reported pending home sales decreased 4.9% last month.  Mortgage applications, on the other hand, increased 7.2% from last week. In The News: Redfin – “Survey: What Do First-Time Homebuyers Want From the Government?  …

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2020 is here. Welcome to the Year of the ADU!

Today’s News Synopsis: Happy New Year!  Pending home sales increased 1.2% in November according to the National Association of Realtors.  Freddie Mac reported mortgage rates decreased slightly with 30-year rates now at 3.72% and 15-year rates at 3.16%. In The News: Forbes – “2020: The Year Of The ADU” (1-2-2020) “Accessory dwelling units (ADUs) should get …

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Sorry Millennials. No 2008 Bargains In This Recession

Today’s News Synopsis: A recession won’t help you buy a house.  Mortgage rates increased slightly from last week but generally held steady with 30-year rates now at 3.58% and 15-year rates at 3.06%.  The National Association of Realtors reported a 2.5% decrease in pending home sales in July. In The News: Freddie Mac – “Mortgage Rates …

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Bankrate Study Says Yes. 32% Are Due To Housing Costs

Today’s News Synopsis: Are housing costs causing Americans to lose sleep?  Mortgage rates decreased this week with 30-year rates now at 3.73% and 15-year rates at 3.16%.  Pending home sales increased last month by 1.1%. In The News: DS News – “Are Housing Costs Causing Americans to Lose Sleep?” (6-27-2019) “A new study by Bankrate found that almost …

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Less Restrictive ADU Legislation=WIN For Affordable Housing

Today’s News Synopsis: Bill to Reduce Restrictions on Accessory Dwelling Units in California Gains Steam.  The National Association of Realtors reported a 1.5% decrease in pending home sales for the month of April.  Mortgage rates decreased slightly with 30-year rates now at 4.10% and 15-year rates at 3.57%. In The News: Freddie Mac – “Mortgage Rates …

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Almost

Today’s News Synopsis: Has the market shifted to buyers?  The National Association of Realtors reported a 3.8% increase in pending home sales in March.  At the same time, home-price growth was slower and at its lowest level in seven years. In The News: National Association of Realtors – “Pending Home Sales Climb 3.8% in March” (4-30-2019) …

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