Mortgage rates held steady near aggressive levels yesterday. While we had more than one scheduled economic release to digest, trading in the bond market was slow as several overseas markets were out on holiday. Over the past week mortgage rates have slowly improved thanks to market participants allocating...
I hope everyone had a fantastic holiday weekend...now it’s back to work. Last week ended on a flat note with mortgage backed securities closing basically where they opened Friday morning. Bolume was extremely light but that was expected as the markets were only open for a half day. The data calendar...
An index looking at pending home sales in the U.S. picked up its pace of decline in November, the National Association of Realtors reported on Tuesday. U.S. pending home sales fell more than expected with a 4.0% decline in November. The index now stands at 82.3, down from an downwardly revised 85.7 reading...
A leading indicator for the U.S. commercial real estate market continued decelerating for the fifth consecutive quarter on Thursday, with all components of the index lower in the third quarter, according to the National Association of Realtors (NAR). The NAR's Commercial Leading Indicator for Brokerage...
Home prices continued to fall in a majority of U.S. metropolitan areas in the third quarter, while existing home sales were also down in 32 states, the National Association of Realtors reported Tuesday. In the third quarter, median single-family home prices rose in 28 of 152 metro areas, compared to...
The National Association of Realtors® ( NAR ) recently called on the Department of Housing and Urban Development ( HUD ) and the Federal Housing Finance Administration ( FHFA ) to reduce the owner-occupied ratio requirement for condominium complexes . In letters to HUD Secretary Steven C. Preston...
Pending home sales are expected to have declined in September compared to the previous release. September and October have been critical times in the 14-month credit crisis, and it's unclear whether the index will capture the impact of the turmoil. The index, released by the National Association...
The National Association of Realtors® (NAR) stayed right on message as it proposed a four-point plan for Congress to enact to resuscitate the housing market and including yet another plea to keep banks out of the real estate business. The plan, revealed in a statement made late last week and in the...
Pending home sales unexpectedly soared by 7.4% in August , according to the National Association of Realtors (NAR) on Wednesday. The advance is the largest monthly gain in almost seven years, and follows a 2.7% decline in July and a 5.8% rebound in June. The consensus was expecting a 1.3% decline in...
Existing home sales fell slightly more than expected to an annualized pace of 4.91 million units in August, a 2.2% decrease in the month, following July's upwardly revised sales figure of 5.02 million. Even with a bigger loss than expected, the range in the past 11 months has been relatively narrow...