Items Tagged with 'Housing Market'

ARTICLES

  • Freddie Mac: Housing market will regain momentum this spring

    Rising sales demand and more inventory will spark action
    Lower than expected mortgage rates and moderating home prices are projected to heat up the spring home-buying season, according to Freddie Mac's March Forecast. Freddie Mac Chief Economist Sam Khater said rising sales demand coupled with more inventory than previous spring seasons suggests that the housing market is in the early stages of regaining momentum.
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  • First American: Dwindling inventory threatens potential home sales growth

    Market potential for existing-home sales retreats by 2.9%, totaling a loss of 153,000 sales
    Although potential existing-home sales rose marginally in February, a lack of inventory now threatens future growth, according to First American's Potential Home Sales Model. First American Chief Economist Mark Fleming said the housing market continues to underperform its potential, but shows signs of promise leading into the spring home-buying season.
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  • Housing market trends are stifling the jumbo mortgage market

    But the WSJ says lenders aren't backing down
    In the years following the financial crisis, mortgage lenders turned their attention to the jumbo mortgage market as high-end clients proved to be a safe and profitable bet. But now, recent trends taken a toll on the jumbo market, causing volume to fall 12% in the last year, a decline that outpaces the overall mortgage market by 5%. "Still, there are few signs banks are changing tack," The Wall Street Journal stated. "If anything, industry watchers say, they are becoming more competitive."
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  • Freddie Mac: Mortgage rates cool as spring's housing market heats up

    The 30-year fixed-rate mortgage averaged 4.28% this week
    Mortgage rates have fallen just as spring home buying season begins to heat up, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie's Chief Economist Sam Khater said the combination of improving affordability and more inventory than the last few spring selling seasons should lead to improved home sales demand.
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  • Is now a good time to purchase a home?

    Expert says declining mortgage rates are heating up the market
    It’s almost spring homebuying season, and new data from the National Association of Realtors indicates Americans are ready to purchase homes. According to the group's Q1 HOME survey, 37% of Americans strongly believe now is a good time to buy a home.
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  • Spring isn't only for homebuyers, it's for remodelers, too

    Trulia says 90% of homeowners plan to remodel their homes
    Spring is just around the corner, and the housing market is gearing up for a hot home buying season. And while data suggest many Americans are likely to purchase homes, a recent survey from Trulia indicates a significant number of current homeowners will choose to remodel their homes instead.
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  • MBA: Economic worries slow growth of mortgage applications

    Market Composite Index moves upward just 1.6%
    Mortgage applications slightly inched forward for the week ending on March 15, 2019, according to the newest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Vice President of Economic and Industry Forecasting Joel Kan said mortgage rates declined once again, as concerns about the slowing global economy and status of Brexit drove investors' demand for U.S. Treasuries.
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  • These are the best housing markets for first-time buyers

    Zillow ranked metros based on home value, appreciation and more
    Purchasing the perfect home can be difficult, especially for those navigating the housing market for the first time. Luckily, a new report by Zillow reveals the country's top housing markets for first-time buyers, measuring factors like home value, home appreciation, wealth and inventory. Find out which markets made the cut.
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  • Latest FHA shift to mitigate risks may shut out some homebuyers

    Recent changes to TOTAL Mortgage Scorecard have some lenders worrying they won't close
    Last week, the Federal Housing Administration took steps to mitigate risks to its single-family portfolio, announcing updates to its TOTAL Mortgage Scorecard that may flag some loans for manual underwriting. Chatter among members of the lending community suggests a number of originators are unhappy about the changes, fearing that the end result may be that some of their borrowers will be shut out of FHA financing.
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