Items Tagged with 'Housing Market'

ARTICLES

  • Here are the nation’s top real estate markets for 2020

    Urban Land Institute's Emerging Trends in Real Estate report puts Austin, Texas, at No. 1
    The Urban Land Institute’s Emerging Trends in Real Estate report, an annual look at the year ahead, cited Austin, Texas, as the top U.S. real estate market for 2020. There was one northeast city in the top 10, one in the Pacific Northwest, and one in southern California.
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  • Low mortgage rates bolster August's existing-home sales to 17-month high

    Low inventory continues to push up home prices
    Existing-home sales inched forward 1.3% in August from the prior month, reaching a 17-month high, according to the National Association of Realtors. NAR Chief Economist Lawrence Yun said although sales are up, inventory numbers remain low and are thereby pushing up home prices. According to NAR, the median price for an existing-home was $278,800, a gain of 4.7% from last August's rate of $265,600. This marks the 90th straight month of year-over-year gains.
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  • Freddie Mac: Mortgage rates experience the highest weekly uptick since last October

    This week, the 30-year fixed-rate mortgage averaged 3.73%
    This week, the average U.S. fixed rate for a 30-year mortgage rose to 3.73%. That's 17 basis points above last week’s 3.56% but still nearly a percentage point lower than it was at this time last year. Freddie Mac Chief Economist Sam Khater said despite the rise in mortgage rates, economic data improved this week – particularly housing activity, which gained momentum with a noticeable rise in purchase demand and new construction.
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  • Realogy and HomeAdvisor announce iBuyer alternative to help sellers upgrade homes

    Sellers can fix up properties and repay at the closing table
    Realogy, the largest U.S. real estate brokerage, is teaming up with HomeAdvisor, the online service marketplace that bought Angie's List in 2017, on a home improvement program they’re calling RealVitalize. It’s an option Realogy’s 50,000-plus agents can offer sellers with homes that need fixing-up who might otherwise turn to iBuyers that purchase properties “as-is.”
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  • America's housing starts spike to 12-year high in August

    Housing starts spike 12.3% in August to a seasonally adjusted annual rate of 1.364 million
    Housing starts spiked 12.3% in August to a seasonally adjusted annual rate of 1.364 million and the pace for July was revised downward, according to the Department of Housing and Urban Development and the Department of Commerce. Joel Kan, the Mortgage Bankers Association Vice President of Economic and Industry Forecasting, said low mortgage rates coupled with the strong job market convinced homebuilders to ramp up production in August.
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  • Last week's jump in U.S. Treasury rates sends nation's refinance activity into decline

    But purchase demand heats up, as the index rises for the third consecutive week
    Mortgage rates climbed to a seven-week high over the last several days, driving the nation's refinance activity into decline, according to the Mortgage Bankers Association’s weekly Mortgage Applications Survey. That being said, the MBA indicates the nation's purchase activity soared, as the index increased for the third straight week to the highest reading since July.
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  • Fannie Mae: Cheap mortgage rates will push 2019 refinancings to three-year high

    Fixed rates probably will average 3.5% in Q4, according to forecast
    Fannie Mae released a forecast on Tuesday that has 30-year fixed mortgage rates falling to an average of 3.5% in the fourth quarter from 3.6% in the current period, which will boost refinancings to a three-year high. The nation’s biggest mortgage financier said refinancings probably will reach $699 billion in 2019, a 31% jump from 2018.
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  • Calabria: Fannie Mae and Freddie Mac won’t privatize until 2020’s end or later

    FHFA director comments in Bloomberg TV interview
    The federal regulator for Fannie Mae and Freddie Mac said the nation’s largest mortgage financiers won’t be privatized until the end of 2020 at the earliest. “It really depends on how quickly they raise capital,” said Federal Housing Finance Agency Director Mark Calabria in a Tuesday interview on Bloomberg TV.
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  • Homebuilders are feeling better about the housing market than they have all year

    Thanks to low interest rates and rising demand
    Homebuilder confidence came in at 68 points in September, rising from August's upwardly revised reading of 67, according to the National Association of Home Builders/Wells Fargo Housing Market Index. September's sentiment level now marks the highest reading since October of last year. NAHB Chairman Greg Ugalde said low interest rates and solid demand continue to fuel builders' sentiments even as they continue to grapple with ongoing supply-side challenges.
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  • NAHB: Most homeowners now view housing market’s affordability problem as a crisis

    Expert says the crisis is mostly harming the nation's middle- and low-income households
    As housing affordability continues to be a cause of concern for the nation’s homeowners, a report from the National Association of Homebuilders indicates 80% of American households now perceive the problem to be a crisis. Additionally, the company claims that 75% of households report housing affordability to be a problem at both the state and local level.
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