Tag Archives: housing prices

Pending Home Sales Up—A Better 2014?

The Mortgage Corner Is the housing market finally beginning to thaw from the polar winter? Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of Realtors’ Pending … Continue reading

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Will Housing Now Lead the Recovery?

The Mortgage Corner There is still hope that housing may help this economic recovery, as it has in past recoveries. But that is only if Fed Chairman Janet Yellen succeeds in keeping interest rates—mortgage rates in particular—at their current low, … Continue reading

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Where Is Housing Affordable Anymore?

Financial FAQs How much salary do you need in order to afford the principal and interest payments on a median-priced home in your metro area? To find out, HSH.com, a mortgage data service, took the National Association of Realtors’ first-quarter … Continue reading

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Home Price Strength To Boost Sales

The Mortgage Corner Data through February 2014, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, show that the annual rates of gain posted 13.1 (in 10-city index) and 12.9 percent (20-city index) in the twelve … Continue reading

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Rising Consumer Confidence To Boost Growth

Popular Economics Weekly Consumers seem to finally be consuming their normal share of economic growth—which is currently 68.2 percent of GDP, or overall economic activity. We know this because they are spending more, and their confidence numbers are returning to … Continue reading

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Yellen’s Federal Reserve To Keep Rates Low

The Mortgage Corner The Fed’s FOMC minutes of their last meeting were just released, and they show the Fed intends to keep interest rates low for as long as possible, until the unemployment rate drops substantially. And the Fed’s maintenance … Continue reading

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What’s Happened to New-Home Sales?

The Financial FAQs Sales of new single-family houses in February 2014 were at a seasonally adjusted annual rate of 440,000, according to U.S. Census Bureau and the Department of Housing and Urban Development estimates. This is 3.3 percent below the … Continue reading

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2014 Mortgage Volumes (and Delinquencies) Lower

The Mortgage Corner It looks like the housing market still has to play catch up in 2014. Both mortgage volume and existing-home sales have declined drastically. But new-home sales and housing construction have picked up, even with the Polar weather, … Continue reading

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January New-Home Sales Soar

Financial FAQs The Polar Vortexes haven’t stopped everything.  It looks like new-home sales are picking up in midwinter, a sign that existing-home inventories are too low. Sales of new single-family houses in January 2014 were at a seasonally adjusted annual … Continue reading

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Housing Inventories Continue Increase

The Mortgage Corner Calculated Risk and Housing Tracker report that existing-home for sale inventories have increased 4.7 percent in February. It is good news for those who worry that the lack of inventory will hold back existing-home sales this year. … Continue reading

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