Real Estate News

MND NewsWire

• Weekly Mortgage Apps Drift Lower
  Rising rates and sparse inventories continue to hamper the mortgage market. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, decreased 3.7 percent on a seasonally adjusted basis during the week ended May 26 and was down 5.0 percent on an unadjusted basis.  It was the third […]
• March Home Prices Extend Recent Rebound
  One of the major home price indices showed a continued increase in national home prices in March and less waffling in some local markets. A second index, the Federal Housing Finance Agency’s (FHFA’) Housing Price Index (HPI) lengthened its string of quarterly price gains that stretches back to the first quarter of 2012. The S&P […]
• April's Pending Home Sales Unchanged, Stalled by Regional Declines
  The number of contracts to purchase pre-owned homes was unchanged in April. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), a forward-looking indicator of existing home sales, remained at the March level of 78.9. The index had seen some improvement over the first three months of the year but is […]
• Mortgage Applications Decrease Again, Volatile Rates, Stagnant Inventories
  The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of mortgage loan application volume, decreased 4.6 percent on a seasonally adjusted basis during the week ended May 19 and was 5 percent lower than the previous week on an unadjusted basis. It was the second consecutive weekly decline. The Refinance Index was […]
• Existing Home Sales Slump Continues
  Existing home sales account for the lion's share of all home sales in the U.S.  Unlike "New Home Sales," this data series tracks previously sold homes.   The massive rate spike in 2022 (and possibly the compounding of affordability issues due to excessive price growth) caused a sharp drop to long term lows by the end […]
• Multifamily Starts Help to Boost April's Housing Stats
  The April Residential Construction Report from the U.S. Census Bureau and the Department of Housing and Urban Development shows mixed results in April. Permits fell off slightly from March levels and housing starts showed some improvement. Construction permits were issued at a seasonally adjusted annual rate of 1.416 million units. This is 1.5 percent fewer […]
• Mortgage Application Volume Deflated by Rising Rates
  The volume of mortgage applications, which had risen by more than 6 percent the prior week lost nearly all those gains during the week ended May 12. The Mortgage Bankers Association said its Market Composite Index decreased 5.7 percent on a seasonally adjusted basis from one week earlier and 6 percent on an unadjusted basis. […]
• Lack of Existing Home Listings Boost Builder Confidence
  Home builders’ attitudes about the market for newly constructed homes continued to improve in May, partially due to the lack of available pre-owned homes for sale. The National Association of Home Builders (NAHB) said the NAHB/Wells Fargo Housing Market Index which measures builder confidence jumped 5 points to 50, the fifth straight month the index […]
• Mortgage Application Volume Boosted by Fed Comments
  The volume of mortgage applications increased last week for both home purchases and refinancing. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, increased 6.3 percent on a seasonally adjusted basis and was 7 percent higher on an unadjusted basis compared with the previous week.  The Refinance Index increased […]
• Inventory Woes Help Boost Home Prices in March.
  While home prices continue to fall on an annual basis, new data from Black Knight indicates that the trend may not continue beyond the short term. The company’s March Mortgage Monitor shows its seasonally adjusted Home Price Index (HPI) rose 0.45 percent in March (the largest increase since last May) and was up 1.38 percent […]