Monday Morning Cup of Coffee: Is housing strong enough to weather rate hikes?

Monday Morning Cup of Coffee: Is housing strong enough to weather rate hikes?

Plus the mortgage bond outlook, the NYT joins the GSE investor struggle, and more

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things
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Items Tagged with 'Lawrence Yun'

ARTICLES

First-time buyers boost existing-home sales 5.1% in May

Strong activity focused in Northeast, all regions see gains
Trey Garrison
Welcome news for Realtors and the housing and mortgage finance industry: existing-home sales gained 5.1% in May and 9.2% annually. The biggest gains came in the Northeast. Want to know more?
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Existing home sales to finish 2015 at record level

Housing starts struggle to keep up
Brena Swanson
Existing home sales are expected to finish the year at their highest level since 2006, according to the National Association of Realtors’ economic forecast. However, there are still several variables hanging in the balance that could change this.
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Auction.com adds Lawrence Yuan as senior director of engineering

Former Linkedin and Yahoo engineer joins real estate marketplace
Ben Lane
Auction.com announced the addition of Lawrence Yuan as the online real estate marketplace’s new senior director of engineering. In this role, Yuan will oversee the development of web and mobile products and applications.
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Existing home sales slightly rebound after last month’s plummet

Tight inventory hampers growth
Brena Swanson
While existing-home sales did tick back up slightly in February, the National Associations of Realtors’ latest report reveals the housing market still has some headwinds to overcome for the spring homebuying season.
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Pending home sales surge to highest level in 18 months

Buyer demand boosts sales
Brena Swanson
Pending home sales recovered after last month's unexpected steep decline. In January, pending home sales surged to the highest level since August 2013, thanks to improved buyer demand at the beginning of 2015.
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From HW Magazine

The new economists

How new economic models and voices are shaking up the status quo
Trey Garrison
People are listening to real estate economists today in a way that anyone who covered the industry a decade or more ago would not recognize. Smoke is one of the members of this new wave of real estate economists. In fact, Smoke is actually the newest one on the block. The upstart economists at places like Trulia and Zillow are still new, Smoke is just the latest player to join the game.
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Existing home sales tick up 1.5% in October

Second month in a row of gains brings pace to highest in 11 months
Trey Garrison
Existing-home sales rose in October for the second straight month and are now above year-over-year levels for the first time in a year, according to the National Association of Realtors.
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Existing home sales drop 1.8% on cash buyer retreat

Annual home sales down 5.3%
Trey Garrison
With cash-paying investors in a full retreat, existing home sales dropped 1.8% in August, according to the National Association of Realtors. "On the positive side, first-time buyers have a better chance of purchasing a home now that bidding wars are receding and supply constraints have significantly eased in many parts of the country,” said Lawrence Yun, NAR chief economist.
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July's pending home sales put housing back on track

Index hits highest level since August 2013
Brena Swanson
July was able to pick up for the lag seen in the housing market in June as pending home sales return to positive increases, marking the fourth time the index has increased in the last five months.
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Pending home sales drop 7.3% YOY on flat wages, short supply

Biggest drop and biggest miss of 2014 augurs ill for housing
Trey Garrison

Pending home sales dropped off in June, according to the National Association of Realtors, dropping 1.1% from May and falling 7.3% from June 2014 in the biggest decline in 2014 and the biggest miss of expectations in 2014 as well.


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