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South Carolina yearly closed sales up almost 15% over 2020
South Carolina REALTORS® (SCR) today released its monthly statewide real estate market reports. While 9,323 homes sold across South Carolina throughout September, representing 5% fewer homes than the same time last year, the year to date statistics show South Carolina yearly closed sales up almost 15% over 2020.
September New Home Purchase Mortgage Applications Decreased 16.2 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for September 2021 shows mortgage applications for new home purchases decreased 16.2 percent compared from a year ago. Compared to August 2021
Atlanta REALTORS® Releases September 2021 Statistics on Housing Market
Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its September 2021 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally-focused synopsis of monthly sales and home prices for single-family residential properties
Single-Family Starts Flat in September
Single-family housing production held steady in September as strong demand helped to offset ongoing building material supply chain disruptions. Meanwhile, declines in multifamily production helped to push overall housing starts in September down 1.6% to a seasonally adjusted annual rate of 1.56 million
Buying a new house to live in, what are the pre-requisites?
Buying a new home is not an easy task and you have to prepare yourself with lots of things before you start the procedure. It is a highly capital-intensive task and any little mistake could make you get to fall into big trouble. It almost requires the entire hard-earned money of your life.
Share of Mortgage Loans in Forbearance Decreases to 2.62 Percent
WASHINGTON, D.C. - RealEstateRama - The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in...
New Home Sales Edge Higher in August
Strong demand, low interest rates and fewer existing homes for sale helped contribute to an uptick in new home sales in August even as home prices continue to rise. Sales of newly built, single-family homes in August rose 1.5% to a 740,000 seasonally adjusted annual rate from an upwardly revised reading in July
August Housing Starts Lifted by Multifamily Development
Strong multifamily production helped push overall housing starts up in August as single-family starts edged lower due to ongoing supply chain issues and labor challenges. Total starts increased 3.9% to a seasonally adjusted annual rate of 1.62 million units
Atlanta REALTORS® Releases August 2021 Statistics on Housing Market
Atlanta REALTORS® Association (ARA), the largest association of its kind in Georgia, released its August 2021 Market Brief on residential housing statistics for 11 area counties in metropolitan Atlanta. The Market Brief, compiled by First Multiple Listing Service (FMLS), provides the only regionally-focused synopsis of monthly sales and home prices for single-family residential properties.
Mortgage Credit Availability Increased in August
Mortgage credit availability increased in August 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
Fastest Home Building Activity Continues in Suburban, Exurban Communities
Residential construction continued to shift toward the suburbs and lower-cost markets, and this trend is especially pronounced within the multifamily sector, according to the latest Home Building Geography Index (HBGI) released today by the National
Share of Mortgage Loans in Forbearance Remains Unchanged at 3.25 Percent
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance remained unchanged relative to the prior week at 3.25% as of August 22, 2021. According to MBA's estimate, 1.6
A Guide to Baltimore’s Real Estate Market
If you are considering relocating to Baltimore, you’re making a fantastic choice. From the beautiful Inner Harbor to the incredible historical landmarks, Baltimore is a city with so much to offer. When you’re planning to move to any new city, you need to understand what the real estate market is like there. If you’re planning to rent, you need to get an idea of what rent costs
CONSTRUCTION WORKFORCE SHORTAGES REACH PRE-PANDEMIC LEVELS EVEN AS CORONAVIRUS CONTINUES TO IMPACT PROJECTS &...
Eighty-Nine Percent of Contractors Are Having a Hard Time Finding Craft Workers, While 88 Percent of Firms Are Experiencing
Five Ways to Find Your Next House
Searching for a new home can be exciting. However, once you get started with your search, you’ll probably also realize very quickly that it can be stressful. You want to find the perfect home, and that’s no easy feat!
NCRMLS expands, now covers 38% of NC
North Carolina Regional MLS (NCRMLS), one of the most extensive multiple listing services in North Carolina, has expanded its alliance of Members with the addition of Johnston County Association of REALTORS
July New Home Purchase Mortgage Applications Decreased 27.4 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for July 2021 shows mortgage applications for new home purchases decreased 27.4 percent compared from a year ago. Compared to June 2021, applications decreased by 4 percent. This change does not include any adjustment for typical seasonal patterns
Homebuying and Selling Sentiment Remain Polarized Amid Affordability and Supply Concerns
The Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index® (HPSI) decreased 3.9 points to 75.8 in July, as consumers continue to report concerns related to high home prices and a lack of homes for sale. While all six components declined month over month
HUD AWARDS $30 MILLION TO HELP LOW-INCOME ELDERLY HOMEOWNERS AGE IN PLACE
The U.S. Department of Housing and Urban Development (HUD) today awarded $30 million to 32 nonprofit organizations, state and local governments, and public housing authorities to assist in undertaking
Share of Mortgage Loans in Forbearance Slightly Decreases to 3.48 Percent
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 3.50% of servicers' portfolio volume in the prior week to 3.48% as of July
