Mortgage Rates Jump After Sleepy Holiday Season
The prospect of weakening international demand to buy U.S. debt, at the same time as Uncle Sam may need to begin selling more debt to make ends meet, likely helped push mortgage interest rates to their highest point in months early this week.
Hottest Markets for 2018 Include Tech Hotspots, Southeastern Charmers
Some markets have proven hotter than others – kept at a boil by healthy income growth, abundant job opportunities and above-average housing appreciation.
Tax Reform and Housing: All Your Questions Answered
New tax reform legislation makes major changes to longstanding federal tax incentives for homeowners -- and brings lots of questions. Here are some answers.
Mortgage Rates Quiet Over New Year’s Holiday
Friday’s December Jobs Report will be another opportunity for markets to assess the state of the U.S. labor market. If the data come in as expected, they should show a strong job market at the end of 2017.
Total Value of All U.S. Homes: $31.8 Trillion. How Big Is That?
It's more than 1.5 times the Gross Domestic Product of the United States and approaching three times that of China. Total U.S. home values have grown $1.95 trillion over the past year -- more than all of Canada's GDP or two companies the size of Apple.
Case-Shiller October Results and November Forecast: Still Defying Gravity
The housing market’s resistance to headwinds is a testament to the enduring value Americans place on homeownership. The Case-Shiller National Index for October climbed 6.2 percent year-over-year. Seattle, Las Vegas and San Diego continued to post the strongest annual gains in its 20-City Composite Index, with increases of 12.7 percent, 10.2 percent and 8.1 percent, respectively.
Tax Reform With $750k Cap on Mortgage Interest Deduction Would Leave 1 in 7 U.S. Homes Eligible
As the House and Senate search for common ground between their respective tax overhaul plans, reports indicate at least one discrepancy – the cap on the Mortgage Interest Deduction (MID) – might already be resolved.
Bump in 2018 Conforming Loan Limits Likely to Save Borrowers Thousands
Tens of thousands of homes in some of the nation’s priciest housing markets – including New York, L.A., Miami and Seattle – will no longer require a jumbo purchase mortgage next year, likely saving their potential buyers thousands of dollars.
Low Inventory, Sluggish Building Defined Housing in 2017; Expect 2018 to Look Similar
Persistently low inventory of homes for sale, and low levels of single-family home building activity in particular, proved the most surprising housing trends to a majority of experts in 2017 – and they say neither is particularly likely to reverse course in 2018, nor is homeownership expected to rise much.
Rapid Reaction: October New Home Sales
October new home sales jumped 6.2 percent from September, to 685,000 units (SAAR), beating expectations and turning in a second straight strong month.
