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The ‘Last Hurrah’ for New-Home Sales?

03.25.2020

An estimated 765,000 new-home sales took place in February 2020, according to the U.S. Census Bureau

Federal Reserve Official Says Negative Interest Rates Unlikely

03.18.2020

In an interview with CNBC, Minneapolis Federal Reserve President Neel Kashkari said the Fed still has monetary policy options to combat COVID-19, but noted negative interest rates are not among them. 

Examining American Housing Market Sentiment

03.11.2020

The Fannie Mae Home Purchase Sentiment Index (HPSI) dipped slightly in February, decreasing 0.5 points to 92.5 but remaining near its survey high of 93.8. Three of the six HPSI components decreased month over month, including the percentage of Americans who believe that now is a good time to buy a home. Year over year, the HPSI is up 8.2 points, reflecting in part consumers’ more favorable mortgage rate expectations, despite that index component moderating this month.

Refinances Account for 66% of Mortgage Activity

03.04.2020

The Mortgage Business Association (MBA) reported mortgage applications rose 15.1% for the week ending on February 28 from the prior week.

January’s Mortgage Applications Up 40 Percent

02.26.2020

Talk about an auspicious way to start a year: Mortgage applications for new home purchases during January were up by 40 percent from December and up by 35.3 percent from January 2019, according to new data from the Mortgage Bankers Association (MBA).

Refi Boom Showing No Signs of Stopping

02.12.2020

The Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending on February 7, 2020, reveals that mortgage applications increased 1.1% from the prior week. 

Gen Z Moving Into Mortgages

02.04.2020

Growing up during a recession has not discouraged Generation Z customers away from credit products, including mortgages, according to a study from TransUnion. Gen Z, or those born after 1995, have been influenced not just by favorable economic conditions, but technological advancements, TransUnion notes.

Prospective Buyers Set to be ‘Priced Out’ From Homeownership

01.27.2020

The National Association of Home Builders (NAHB) released its 2020 priced out estimates report and it casts an ominous shadow over the future fate of home prices. Data shows that if the average price for a new home raises by just $1,000, at least 158,857 homeowners would be entirely priced out of the housing market. 

Mortgage Applications Rise More than 30%

01.17.2020

According to the latest Mortgage Bankers Association's Weekly Mortgage Applications Survey, mortgage applications increased 30.2%. This report reveals statistics from the week ending on January 10 compared to the prior week. 

Are Baby Boomers Derailing the Housing Market?

01.09.2020

An editorial by the Los Angeles Times looks at the possibility of the housing market being derailed by the Baby Boomer generation. 

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