Pending Home Sales (signed contracts on existing homes) surged 8.3% from November to December, due in large part to falling mortgage rates per the NAR. Their Chief Economist, Lawrence Yun,
Sales of existing homes slid 1% from November to December, though sales are expected to move higher this year. NAR’s Chief Economist, Lawrence Yun, explained that “mortgage rates are meaningfully
Home builder confidence has surged due in large part to falling interest rates that have brought buyers back to the market and boosted builders’ future sales expectations. Plus, 31% of
The MBS Highway National Housing Index jumped to 42 in January 2024, from 34 in December 2023. This was the second straight month of improvement after six months of decline.
National home prices have risen for the eighth straight month, with October’s 0.6% rise representing a new all-time high per Case-Shiller. October’s YoY increase of 4.8% was the fastest rate
Sales of existing homes ended a five-month skid as they rose 0.8% from October to November. However, sales are still 7.3% lower than a year ago due to tight inventory
Home builder confidence rebounded after falling for four straight months, as falling mortgage rates brought more buyers back to the market. Plus, many builders (36%) are still cutting prices to
The Fed kept rates on hold for the 3rd-straight meeting. No surprise there. But its “dot plot” of Fed member forecasts for where policy rates will be in a year
Boosted by the return of striking workers, job growth was stronger than expected in November, with the BLS reporting 199K new jobs versus the forecasted 180K. There were no revisions
The latest figures from Case-Shiller (+0.7% MoM in September), FHFA (+0.6% MoM), CoreLogic and Black Knight (both +0.2% MoM) showed continued, broad-based growth in home prices. Case-Shiller’s national index and
Signed contracts on new homes fell more than expected in October due in part to elevated mortgage rates. However, sales remain higher than a year ago as the tight supply
Pending Home Sales (signed contracts) fell to a record low in October due in part to mortgage rates at 20-year highs last month. Tight supply is another factor hindering buyers,
Represented as Legacy Mortgage and Investment Corporation in the State Of California.
