Marketing & Statistics
RealEstateRama Marketing & Statistics
Pending Home Sales Elevated 0.9% in July, Marking Second Consecutive Monthly Increase
Pending home sales increased 0.9% in July – rising for the second consecutive month – according to the National Association of REALTORS®. The Northeast and Midwest posted monthly losses
New Home Sales Increase in July Despite Higher Mortgage Rates
Low existing inventory and solid demand more than offset rising mortgage rates and elevated construction costs to boost new home sales last month. Sales of newly built, single-family homes
Mortgage Application Payments Flat in July
Homebuyer affordability in July was challenging but mostly unchanged from June, with the national median payment applied for by purchase applicants remaining at $2,162. This is according to the Mortgage Bankers Association's (MBA) Purchase
Existing-Home Sales Slipped 2.2% in July
Existing-home sales receded in July, according to the National Association of Realtors®. Among the four major U.S. regions, sales grew in the West but faded in the Northeast, Midwest and South. All four regions registered year-over-year sales declines.
Single-Family Starts Edge Higher in July but Rising Rate Concerns Persist
A lack of existing inventory and solid demand helped offset rising mortgage rates and push single-family production higher in July, even as builders continue to grapple with elevated construction
July New Home Purchase Mortgage Applications Increased 35.5 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for July 2023 shows mortgage applications for new home purchases increased 35.5 percent compared from a
Almost 60% of Metro Areas Posted Home Price Gains in the Second Quarter of...
Almost 60% of metro markets (128 out of 221) registered home price gains in the second quarter of 2023 as 30-year fixed mortgage rates oscillated between 6.28% and 6.71%, according
Mortgage Credit Availability Decreased in July
Mortgage credit availability decreased in July according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. The MCAI fell by 0.3 percent to 96.3
New Home Sales Cool in June on Higher Mortgage Rates
Rising mortgage rates and elevated construction costs put a damper on new home sales last month.
Sales of newly built, single-family homes in June fell 2.5% to 697,000 seasonally
Home Equity Lending Volume Rose in 2022
Originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans increased 50 percent in 2022 compared to two years earlier. This is according to the Mortgage Bankers Association’s (MBA) Home Equity Lending Study, released
Existing-Home Sales Retreated 3.3% in June; Monthly Median Sales Price Reached Second-Highest Amount Ever
Existing-home sales slipped in June, according to the National Association of REALTORS®. Sales varied among the four major
Single-Family Starts Decline in June but Permits Post Solid Gain
Single-family production fell back after four straight monthly gains as elevated construction costs and rising mortgage rates led to a reduction in home building activity and affordability
June New Home Purchase Mortgage Applications Increased 26.1 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for June 2023 shows mortgage applications for new home purchases increased 26.1 percent compared from a
Biden- Harris Administration Announces $178 Million to Improve Health, Safety, and Lower Energy Costs...
As Part of President Biden’s Investing in America Agenda, DOE Funding Supports Selected K–12 Public Schools for Infrastructure
NAHB Publication Offers Inside Look into the Financial Records of Remodelers
Remodelers now have a unique opportunity to see how their business stacks up against the competition with a new publication from the National Association of Home Builders (NAHB). NAHB’s
Mortgage Application Payments Increased 2.5 Percent to $2,165 in May
Homebuyer affordability declined further in May, with the national median payment applied for by purchase applicants increasing 2.5 percent to $2,165 from $2,112 in April. This is according to the
GCAAR housing stats | May ‘23
The regional median sold price for residential properties for May was $626,000, representing a decrease of 0.3% compared to last month and no change from May 2022. The average days on market for units sold in May was 21 days, 3% below the 5-year May average of 22 days
How to Choose an SEO Company for Your Real Estate Business
In the fast-paced world of real estate, having a robust online presence is no longer optional. It’s a necessity. Given the competitive nature of the industry, optimizing your website for search engines is crucial for standing out and driving traffic to your offerings.
Pending Home Sales Shrunk 2.7% in May
Pending home sales shrunk 2.7% in May from the previous month, according to the National Association of REALTORS®. Three U.S. regions posted monthly losses, while sales in the Northeast surged. All four regions saw year-over-year declines in
May New Home Purchase Mortgage Applications Increased 16.6 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2023 shows mortgage applications for new home purchases increased 16.6 percent compared from a
