November New Home Sales: Inspiring Confidence
November new home sales rose 1.4% from October and 16.9% from a year ago, to 719,000 (SAAR), according to the U.S. Census Bureau.
November New Home Sales: Inspiring Confidence
November new home sales rose 1.4% from October and 16.9% from a year ago, to 719,000 (SAAR), according to the U.S. Census Bureau.
November Existing Home Sales: Continued Underachievement
November’s existing home sales numbers were a continuation of the year-long underachievement in the market – steady, but not as good as one might otherwise expect.
Brexit, Trade Talks Have Muted Impact on Mortgage Rates
The fact that mortgage rates haven’t taken off in response to Brexit and/or the China trade pact speaks to the complexity of the two situations.
November Housing Starts: Good Vibes
Builders started 1.365 million homes in November, according to the U.S. Census Bureau, up 3.2% from October and up 13.6% from a year ago.
Stellar Jobs Report Has Unexpectedly Weak Effect on Mortgage Rates
Mortgage rates responded more modestly than expected to November’s stellar jobs report, held down by ongoing U.S.-China trade talks.
U.S.-China Tensions Continue to Weigh on Mortgage Rates
Mortgage rates continued their back-and-forth pattern this week, finishing the last seven days slightly below where they were a week before.
Mortgage Rates Remain Steady — For Now
Mortgage rates held mostly steady in the leadup to the long Thanksgiving weekend.
September Case-Shiller Results and October Forecast: Steady as She Goes
The S&P CoreLogic Case-Shiller U.S. National Home Price Index® rose 3.2% year-over-year in September (non-seasonally adjusted), up from 3.1% in August.
October New Home Sales: Reinforcing the Trend
October new home sales stood at 733,000 (SAAR), according the U.S. Census Bureau, down 0.7% from upwardly revised September numbers but up 31.6% from a year ago.
October Existing Home Sales: Up, But Some Buyers Still on the Sidelines
The economy is offering everything it’s got -- high employment, low interest rates, healthy home price appreciation -- and still there’s only modest growth in existing home sales.
