Archives
CONSTRUCTION SPENDING SLIDES 0.3 PERCENT IN JUNE AS DROP IN HOMEBUILDING AND MAJOR PUBLIC...
Construction Spending Dropped to a Seasonally Adjusted Annual Rate of$2.148 trillion in June as Construction Officials Urge Biden
Pending Home Sales Rose 4.8% in June
Pending home sales in June ascended 4.8%, according to the National Association of REALTORS®. All four U.S. regions posted monthly gains in transactions. Year-over-year, the Northeast, Midwest and South registered declines, while the West increased.
EIA expects rising electricity demand and natural gas prices to affect electricity fuel mix...
The U.S. Energy Information Administration (EIA) expects that the United States will generate more electricity from renewables and coal in the second half of this year, as electricity demand and
Home Equity Lending Volume Stays Relatively Flat in 2023, Debt Outstanding Increases
Total originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans increased in 2023 by 1.5 percent compared to the previous year, while debt
Boosting Lead Generation with Real Estate Investor Marketing
In the competitive landscape of real estate investing, generating high-quality leads is crucial for success. Real estate investors need a steady stream of motivated sellers to keep their business thriving. Investor Nitro, brought to you by Everyday Media Group, specializes in helping real estate investors find and close motivated sellers online.
New Home Sales Soft in June as Mortgage Rates Remain Near 7%
Elevated mortgage rates continue to keep buyers on hold, as new home sales remained relatively flat in June. Sales of newly built, single-family homes in June fell 0.6% to a 617,000 seasonally
Existing-Home Sales Slipped 5.4% in June; Median Sales Price Jumps to Record High of...
Existing-home sales fell in June as the median sales price climbed to the highest price ever recorded for the second consecutive month, according to the National Association of REALTORS®. All
Restb.ai Debuts New Special Report Series, First Study Reveals the Impact of Floor Plans...
Restb.ai, a global leader in computer vision and artificial intelligence (AI) solutions for the real estate industry, today debuts a new “Special Report Series” to unlock unique visual
June New Home Purchase Mortgage Applications Increased 0.7 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for June 2024 shows mortgage applications for new home purchases increased 0.7 percent compared from a year
Single-Family Starts Weaken in June
Elevated interest rates for home mortgages and construction and development loans kept single-family production and demand in check during June. Overall housing starts increased 3.0% in June to a seasonally adjusted annual rate of 1.35 million units
A Deeper Dive into the Current Situation of The Florida Housing Market:
The housing market has a significant impact on the state and federal economy. We all saw how the housing market crash in 2009 led to a global financial crisis. Changing trends can affect the state economy, especially in Florida, Nevada, Delaware, and Arizona.
Higher Rates Continue to Sideline Home Buyers
Mortgage rates that averaged 7.06% in May per Freddie Mac, the highest monthly average since last November, put a damper on new home sales last month. Sales of newly built, single-family homes in May fell 11.3% to a 619,000 seasonally adjusted annual
Housing Solutions Coalition: There Is No Debate. Rent Caps Hurt Renters and Communities
Statement from the Housing Solutions Coalition in reference to President Biden’s mention of capping rents during the debate. “Decades of academic research from across the United States and
FHFA House Price Index Up 0.2 Percent in April; Up 6.3 Percent from Last...
U.S. house prices rose in April, up 0.2 percent from March, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House
Existing-Home Sales Edged Lower by 0.7% in May as Median Sales Price Reached Record...
Existing-home sales slightly declined in May as the median sales price climbed to a record high, according to the National Association of REALTORS®. In the four major U.S. regions, sales
Commercial and Multifamily Mortgage Debt Outstanding Increased in First-Quarter 2024
The level of commercial/multifamily mortgage debt outstanding increased by $40.1 billion (0.9 percent) in the first quarter of 2024, according to the Mortgage Bankers Association’s (MBA)
Mortgage Credit Availability Increased in May
Mortgage credit availability increased in May according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.
Pending Home Sales Slumped 7.7% in April
Pending home sales in April fell 7.7%, according to the National Association of REALTORS®. All four U.S. regions registered month-over-month and year-over-year decreases. The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home
Families Must Spend 38% of Their Income on Mortgage Payments, New NAHB Index Shows
A new quarterly Cost of Housing Index unveiled today by the National Association of Home Builders (NAHB) and Wells Fargo underscores the housing affordability crisis in America by
Mortgage Application Payments Increased 2.5 Percent to $2,256 in April
Homebuyer affordability declined in April, with the national median payment applied for by purchase applicants increasing to $2,256 from $2,201 in March. This is according to the Mortgage
