A new report from ATTOM Data Solutions looks at affordability, foreclosures, and underwater mortgages in an effort to determine which housing markets across the country are most vulnerable to decline. Its findings provide a map of exactly where the housing market is strongest and where there may be weaknesses. So where are the country’s strongest markets? Well, the report shows the vast majority of the country is on good footing. Among the 578 included counties, the South was the strongest region with 18 of the 50 … [Read more...]
Americans’ View Of Housing Market Stays Unchanged
Fannie Mae’s monthly Home Purchase Sentiment Index is based on a survey which asks Americans for their view of the housing market and their personal financial situation. The survey gauges how respondents feel about buying or selling a home, mortgage rates, home prices, their job security, and income. In November, the index was relatively unchanged, as Americans’ perception of the market has remained stuck since the first half of the year. A majority of respondents still say they believe it’s a good time to sell a … [Read more...]
Average Mortgage Rates Now At 4-Month Low
According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell again last week. Rates were down across all loan categories, including 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, 15-year fixed-rate loans, and 5/1 ARMs. Joel Kan, MBA’s vice president and deputy chief economist, says rates are now at a four-month low. “Mortgage rates declined last week with the 30-year fixed-rate mortgage falling to … the … [Read more...]
Are Prospective Buyers Finally Ready For A Move?
More often than not, home buyers are shopping for a new home because they have to be. Major life changes like marriage, starting a family, or a new job can mean it’s time to move regardless of what’s happening in the housing market. Other times, buyers have some flexibility. Maybe they’d like to move but can wait for more favorable market conditions. These days, there are a lot of buyers who’ve been on the fence for a while. Competition, higher prices, lack of inventory, and rising mortgage rates have had many … [Read more...]
Optimistic Outlook Sees Inventory Gains In 2024
December is the time of year when housing market experts release their forecasts predicting what they believe will happen in the year ahead. So far, market experts have generally been optimistic about conditions in 2024. And, according to one newly released forecast, one of the top reasons for their increased optimism is the likelihood that the inventory of homes for sale will improve. Why does that matter? Well, too few homes for sale has been a big frustration for today’s home buyers. Not only has it led to more … [Read more...]
Low Supply Continues To Slow Signings
When a contract to buy a home is signed, that home's sale is considered pending until it closes weeks later. The National Association of Realtors tracks pending sales because they're considered a good indicator of future home sales numbers. After all, most contract signings will eventually lead to a closed sale. The NAR's most recent Pending Home Sales Index found signings down 1.5 percent in October from the month before. Lawrence Yun, the group's chief economist, says low supply is slowing signings. “Home sales … [Read more...]
Will Affordability Turn The Corner Next Year?
Finding a home that fits your needs wouldn’t be difficult if money wasn’t a factor. But since most of us have to consider our budget before buying, finding a home can sometimes be challenging – especially in a housing market where costs are rising. That’s been the case for most of the past two years, as mortgage rates and home prices both continued to climb. So what’s in store for 2024? Well, according to the National Association of Realtors’ consumer website, affordability should start to improve next year, giving … [Read more...]
Rates Fall For Fourth Time In Five Weeks
According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell last week from one week earlier. It was the fourth decline in five weeks. Rates fell across most loan categories, including 30-year fixed-rate loans with conforming balances, loans backed by the Federal Housing Administration, 5/1 ARMs and 15-year fixed-rate loans. Joel Kan, MBA’s vice president and deputy chief economist, says rates are now at a 10-week low. “Mortgage rates decreased for the fourth time in five … [Read more...]
Fannie Mae Sees Lower Rates, More Sales in 2024
Fannie Mae’s Economic and Strategic Research Group releases a monthly outlook covering what the group believes is ahead for the economy and housing market. According to their most recent forecast, they see some improvement ahead for home buyers. In fact, the ESR group says they believe home sales will bottom out early next year before starting to climb again. The reason behind the rebound? Lower mortgage rates. “Housing has been and continues to be under serious affordability pressure, resulting in … [Read more...]
Home Prices Continue Upward Trend
The S&P Case-Shiller Indices are considered among the leading measures of U.S. home prices. The indices cover all nine census divisions and have been keeping records for more than 30 years. According to their most recent release, S&P remains optimistic about home values. Results show prices have continued to rise since bottoming out in January. In fact, Craig J. Lazzara, managing director at S&P, says home prices have outpaced the typical annual increase. “On a year-to-date basis, the National Composite … [Read more...]
- « Previous Page
- 1
- …
- 23
- 24
- 25
- 26
- 27
- …
- 141
- Next Page »