Category Archives: Housing

2018 Housing Market To Stay Strong

The Mortgage Corner Total existing-home sales1, https://www.nar.realtor/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 1.1 percent in 2017 to a 5.51 million sales pace and surpassed 2016 (5.45 million) as the highest since 2006 … Continue reading

Posted in Housing, housing market, Weekly Financial News | Tagged , , , , , | Leave a comment

Existing-Home Inventory Lowest in 18 years

The Mortgage Corner There aren’t enough home to sell. Sales of previously-owned homes tumbled in December as an ongoing inventory crunch became more worrisome with few homes to sell in parts of the country. Existing-home sales were down 3.6 percent … Continue reading

Posted in Consumers, Economy, Housing, housing market, Weekly Financial News | Tagged , , , , | Leave a comment

Housing Market Is Booming!

The Mortgage Corner Both new and existing-home sales are highest since the end of the Great Recession, thanks to interest rates that are still at historical lows, and in spite of the Fed’s latest 0.25 percent rate hike. It looks … Continue reading

Posted in Consumers, Housing, housing market, Weekly Financial News | Tagged , , , | Leave a comment

New 2018 Conforming Loan Limits

The Mortgage Corner There is a huge jump in conforming loan limits for 2018 in line with housing price rises, folks. Here are the new numbers. In line with the Federal Housing Finance Agency (FHFA) announcement yesterday, they are increasing … Continue reading

Posted in Housing, housing market, Weekly Financial News | Tagged , , , | Leave a comment

New-Home Sales at 10-yr High

The Mortgage Corner Sales of new single-family houses in October 2017 were at a seasonally adjusted annual rate of 685,000, according to estimates released jointly today by the U.S. Census Bureau and HUD. This is 6.2 percent (±18.0 percent) above … Continue reading

Posted in Consumers, Economy, Housing, housing market, Weekly Financial News | Leave a comment

Housing Shortage Continues

The Mortgage Corner Existing-home sales increased in October to their strongest pace since earlier this summer, but continual supply shortages led to fewer closings on an annual basis for the second straight month, according to the National Association of Realtors. … Continue reading

Posted in Consumers, Housing, housing market, Weekly Financial News | Tagged , , , | Leave a comment

Our Housing Supply Is Catching Up (Revised)!

The Mortgage Corner Nationwide housing starts rose 13.7 percent in October to a seasonally adjusted annual rate of 1.29 million units after a slight upward revision to the September reading, according to newly released data from the U.S. Department of … Continue reading

Posted in Consumers, Housing, housing market, Weekly Financial News | Tagged , , , , | Leave a comment