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News

11 December 2019

Fed Meeting Will Signal Interest Rate Future

HousingWire Quarterly forecasts will show Fed’s expectation for U.S. economy, rates. Wall Street expects the Federal Reserve will hold U.S. interest rates steady at its two-day meeting in Washington that ends on Wednesday. And, you better not disappoint Wall Street. When the Fed announced a rate hike in December 2018, the Dow Jones Industrial Average fell more […]

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11 December 2019

Here Come The Houses? Building Permits Reach 12-Year High In October

HousingWire The number of permits surpassed half a million. For a housing market desperately in need of some good news on the inventory front, there may finally be some. New Census Bureau data, analyzed by RealPage, shows that residential building permits hit a 12-year high in October. Permits are a solid leading indicator of looming housing construction, as obtaining […]

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10 December 2019

November Inventory Nosedives As Demand Outpaces Supply

Inman News Inventory levels declined 9.5% year-over-year in November as low mortgage rates push more buyers to the market. Increased buyer demand spurred by low mortgage rates caused inventory levels to plummet 9.5 percent year-over-year in November, according to a realtor.com housing trends report released on Monday. The 9.5 percent drop translates into 131,000 fewer listings on the […]

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10 December 2019

Bidding Wars Plunge To 10-Year Low

Inman News The number of home offers to be fraught by bidding wars is down 19% year-over-year. If you get anxious at the prospect of tough bidding wars, this may be your month to buy. A new report by Redfin found that only 10 percent of its brokers faced bidding wars on offers written on behalf of their clients […]

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7 December 2019

U.S. Unemployment Rate Falls To 50-Year Low

HousingWire Economy adds 266,000 jobs in November. The U.S. unemployment rate fell to another 50-year low, coming in at 3.5% in November as the economy added 266,000 jobs after October’s upwardly revised 156,000 jobs, according to the Bureau of Labor Statistics. The number of unemployed persons changed little, with 5.8 million out of work, according to the […]

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7 December 2019

The Median Age Of Homebuyers Is Now 47. How Did That happen?

HousingWire Median age of homebuyers has risen 8 years in the last decade. Despite recent data that younger generations are beginning to buy houses, on the whole, those same generations are waiting far longer than their parents did to buy their first house. There are various reasons for that delay, including a dramatic increase in student loan debt and […]

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6 December 2019

FHA Reverse Mortgage Limit Set To Rise In 2020

HousingWire HECM limit increases for 4th straight year. Just as it did with forward mortgages, the Federal Housing Administration is increasing its maximum claim amount for reverse mortgages for 2020. According to the FHA, the HECM limit will increase in 2020 to $765,600 from 2019’s level of $726,525. This marks the fourth straight year that the FHA has increased […]

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6 December 2019

What Is The Best Investment For Americans?

KCM Some are reporting that there is trepidation regarding the real estate market in the United States. Apparently, the American people are quite comfortable. Porch.com, a major network helping homeowners with their renovation projects, recently conducted a survey which asked Americans: “What do you believe is the safest investment over the next 10 years?” U.S. housing came […]

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5 December 2019

Mortgage Rates Hold Steady

Freddie Mac Freddie Mac today released the results of its Primary Mortgage Market Survey®, showing that the 30-year fixed-rate mortgage (FRM) averaged 3.68 percent. “This week the economy sent mixed signals, leaving mortgage rates unchanged,” said Sam Khater, Freddie Mac’s Chief Economist. “Survey data for manufacturing and service industries varied while construction spending fell modestly. However, […]

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5 December 2019

U.S. Home Prices Heated Up In October Thanks To Low Rates

HousingWire October’s 4.25% annual gain was biggest in nine months, Black Knight says. Early September’s three-year low in mortgage rates caused home prices to heat up in October, according to Black Knight. U.S. home prices grew at an annual pace of 4.25% in October, the biggest year-over-year gain in nine months, compared with an increase of […]

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