Archives
Ginnie Mae Statement on COVID-19
In the wake of the COVID-19 outbreak, Ginnie Mae is positioned to continue providing services across its range of stakeholders. We are in close communication with issuers, servicers, vendors, and trustees.
Existing-Home Sales Jump 6.5% in February
Existing-home sales climbed substantially in February after a slight decline in January, according to the National Association of Realtors®. Of the four major regions, only the Northeast reported a drop in sales
NAR Survey Finds Nearly Half of Realtors® Say Home Buyer Interest Has Decreased Due...
Nearly half of Realtors® – 48% – said home buyer interest has decreased due to the coronavirus outbreak, according to a new survey from the National Association of Realtors
New Home Sales Data Shows Housing on Strong Footing Prior to Virus Concerns
Sales of newly built, single-family homes fell 4.4 percent to a seasonally adjusted annual rate of 765,000 units in February, coming off a sharp upward revision in January
February New Home Purchase Mortgage Applications Increased 25.9 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for February 2020 shows mortgage applications for new home purchases increased 25.9 percent compared from a year ago. Compared to January 2020
Single-Family Housing Starts Up in February, but Challenges Lie Ahead Due to Coronavirus
Total housing starts decreased 1.5 percent in February from an upwardly revised January reading to a seasonally adjusted annual rate of 1.60 million units, according to a report from the U.S. Housing
Builder Confidence Declines But Remains Solid Amid Rising Risks
Builder confidence in the market for newly-built single-family homes fell two points to 72 in March, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today.
CONSTRUCTION JOBS INCREASE IN 32 STATES IN JANUARY FROM 1 AND 12 MONTHS AGO...
Construction employment increased in 32 states in January compared to both December and January 2019, according to an analysis by the Associated General Contractors of America of Labor Department data released today.
Commercial/Multifamily Mortgage Debt Grows in the Fourth Quarter of 2019
The level of commercial/multifamily mortgage debt outstanding at the end of 2019 was $248 billion (7.3 percent) higher than at the end of 2018, according to the Mortgage Bankers Association's (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding
Home Buying Desires of Millennials Mirror Silent Generation, Realtor® Report Finds
A number of the homebuying characteristics of younger millennials are replicating the buying desires of those in the silent generation.This is according to the latest study from the National Association of Realtors®,
Mortgage Credit Availability Decreased in February
Mortgage credit availability decreased in February according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae's AllRegs® Market Clarity® business information tool.
HOW IS SEO NECESSARY FOR REAL ESTATE BUSINESSES
The real estate business, just like any other business is being completely transformed by technology. A lot of changes can be seen nowadays that are heralding the coming of a new age and a new paradigm in this industry as well as any other industry
Mortgage Credit Availability Decreased in December
Mortgage credit availability decreased in December according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae's AllRegs® Market Clarity® business information tool
A Red-Blue Divide on Home Construction
Nearly two-thirds of multifamily construction in the fourth quarter of 2019 occurred in “blue counties” where Hillary Clinton garnered the most votes in the 2016 election while nearly the same percentage
Pending Home Sales Ascend 5.2% in January
Pending home sales rebounded in January, ticking up following a decline in December, according to the National Association of Realtors®. Only the West region reported a minor drop in month-over-month contract activity
New Home Sales Strong at Start of 2020
Sales of newly built, single-family homes rose 7.9 percent to a seasonally adjusted annual rate of 764,000 units in January, coming off an upward revision in December, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Existing-Home Sales Drop 1.3% in January
Existing-home sales declined in January, continuing a fluctuating pattern of monthly increases and declines, according to the National Association of Realtors®. Significant declines in the West region dragged down nationwide numbers
Minority Homeownership Rates Continue to Lag Behind the National Average, NAR Finds
The United States homeownership rate has recently seen a rebound to 65.1% in the fourth quarter of 2019 from a low of 62.9% in the second quarter of 2016. While the increase in the overall homeownership rate is encouraging
January New Home Purchase Mortgage Applications Increased 35.3 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for January 2020 shows mortgage applications for new home purchases increased 35.3 percent compared from a year ago.
Metro Home Prices Rise in 94% of Metro Areas in Fourth Quarter of 2019
The vast majority of metro areas saw price gains and very small increases in inventory in the final quarter of 2019, according to the latest quarterly report by the National Association of Realtors
