Wed, Aug 24 2022, 11:20 AM
In last Thursday's Existing Home Sales press release, the NAR's chief economist said "we're witnessing a housing recession in terms of declining home ...
Wed, Aug 24 2022, 10:27 AM
The Mortgage Bankers Association, (MBA) says its Weekly Mortgage Application Survey for the week ended August 19 shows the volume of mortgage applicat...
Tue, Aug 23 2022, 12:29 PM
The headline conveys the thesis quite well when it comes to the New Residential Sales data just released by the Census Bureau. July's total fell to a ...
Thu, Aug 18 2022, 3:16 PM
Homes are still selling in record time, but affordability and low inventories are driving sales lower. The National Association of Realtor® (NAR) says...
Wed, Aug 17 2022, 8:57 AM
Mortgage application volume declined again last week. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume...
Tue, Aug 16 2022, 12:10 PM
Residential construction numbers fell again in July, giving credence to Monday’s National Association of Home Builders’ (NAHB’s) report detailing a ne...
Mon, Aug 15 2022, 10:51 AM
What a difference 4 months make! In April, the National Association of Homebuilders (NAHB) recorded a Housing Market Index (aka "builder confidence")...
Wed, Aug 10 2022, 9:01 AM
Mortgage applications rose slightly for the second week, driven by an increase in refinancing. The Mortgage Bankers Association (MBA) said its Market ...
Mon, Aug 8 2022, 3:45 PM
It will be a few weeks before we get the next installment of the bellwether home price indices (Case Shiller and FHFA), but today's Mortgage Monitor f...
Wed, Aug 3 2022, 9:02 AM
Mortgage application activity rose last week, reversing a series of declines that started in late June. The increase was modest; the Mortgage Bankers ...
Tue, Aug 2 2022, 1:46 PM
While annual price increases are still wildly aggressive, monthly gains indicate that the brakes may be on. CoreLogic says nationwide, home prices wer...
Wed, Jul 27 2022, 1:47 PM
Pending home sales broke out of a seven-month slump in May, gaining 0.7 percent. If this were baseball, we might now call it a “balk.” The National As...
Wed, Jul 27 2022, 8:55 AM
The number of applications for residential mortgages retreated for the fourth consecutive period during the week ended July 22 according to the Weekly...
Tue, Jul 26 2022, 12:42 PM
The pace of home price increases slowed slightly from April to May, but the change in each of the three S&P CoreLogic Case-Shiller indices and the Fed...
Tue, Jul 26 2022, 11:33 AM
New home sales fell again in June, more than wiping out the increase posted for May. The U.S. Census Bureau and the Department of Housing and Urban De...
Wed, Jul 20 2022, 2:52 PM
The National Association of Realtors (NAR) reported that June saw the 5th consecutive monthly decline in Existing Home Sales today. The annual pace o...
Wed, Jul 20 2022, 10:24 AM
The Mortgage Bankers Association (MBA) said today that its Market Composite Index, a measure of mortgage loan application volume, fell again during th...
Tue, Jul 19 2022, 12:58 PM
There were modest pullbacks in both the seasonally adjusted annual numbers of permits and housing starts in June. But it was only because of strong ga...
Mon, Jul 18 2022, 10:58 AM
The National Association of Homebuilders (NAHB) released it's Housing Market Index (HMI) for July this morning. This measure of builder confidence fel...
Thu, Jul 14 2022, 3:21 PM
The biggest issue with the two most widely followed home price indices (FHFA and Case Shiller) is that the underlying data is almost 2 months old by t...
Wed, Jul 13 2022, 11:25 AM
Mortgage application activity declined last week, again due, partially at least, to a holiday shortened business week. The Mortgage Bankers Associatio...
Wed, Jul 6 2022, 11:52 AM
The two-year explosion in home prices appears to be cooling a bit. Black Knight says annual appreciation was down in May for the second straight month...
Wed, Jul 6 2022, 10:48 AM
Mortgage application activities declined during the week ended July 1 after three straight weeks of improvement. The Mortgage Bankers Association (MBA...
Wed, Jun 29 2022, 10:41 AM
The volume of mortgage applications rose fractionally last week as rates edged down and applications for refinancing staged a small comeback. The Mort...
Tue, Jun 28 2022, 4:26 PM
It's one of the perennial "yeah buts" of the two largest and most widely-cited home price indices: there data is always about 2 months old by the time...
Mon, Jun 27 2022, 3:43 PM
Pending Home Sales hit their most recent peak in October according to data reported in November, 2021 by the National Association of Realtors (NAR). ...
Fri, Jun 24 2022, 12:56 PM
Last month's New Home Sales data from the Census Bureau was a real downer. It showed sharp declines in sales and a puzzlingly abrupt jump in inventor...
Fri, Jun 24 2022, 10:17 AM
Rates may be much higher in each of the past 3 months, but those with mortgages are making their payments with record-setting regularity. The overall...
Wed, Jun 22 2022, 11:30 AM
An increase in home purchase activity drove mortgage applications higher during the week ended June 17. The Mortgage Bankers Association (MBA) said it...
Tue, Jun 21 2022, 4:17 PM
April, May, and June of 2020 were the only 3 months where Existing Home Sales suffered as a result of the pandemic. During those three months, the an...
Thu, Jun 16 2022, 11:18 AM
As might have been expected considering the sixth consecutive drop in the National Association of Home Builders’ (NAHB’s) Housing Market Index release...
Wed, Jun 15 2022, 6:06 PM
Builders are increasingly nervous about the impact inflation and higher interest rates might have on prospective home buyers in coming months. The Nat...
Wed, Jun 15 2022, 8:29 AM
Mortgage application volume increased during the week ended June 10 after four straight weeks of declines. However, the overall gains shown by data fr...
Thu, Jun 9 2022, 2:45 PM
The Mortgage Bankers Association (MBA) publishes a monthly index that attempts to quantify how tight or loose lending standards are compared to a comm...
Wed, Jun 8 2022, 3:48 PM
It's a fairly sobering headline any way you word it: mortgage applications hit the lowest levels in 22 years last week according the the Mortgage Bank...
Tue, Jun 7 2022, 2:30 PM
Fannie Mae conducts a monthly survey on homebuying sentiment, officially known as the Home Purchase Sentiment Index (HPSI). It tracks buyer/seller at...
Mon, Jun 6 2022, 3:36 PM
In stark contrast to the recent New Home Sales data, a new white paper from Black Knight suggests that, by the time we include existing homes, there a...
Wed, Jun 1 2022, 12:28 PM
Construction spending continues to run well above its pace in 2021 with the residential sector remaining responsible for much of the gain. Total spend...
Wed, Jun 1 2022, 9:56 AM
Even though mortgage interest rates moved lower again last week, application activity continued to decline. The Mortgage Bankers Association (MBA) sai...
Thu, May 26 2022, 10:43 AM
The National Association of Realtors® (NAR) says its Pending Home Sales Index (PHSI) in April represents a sixth consecutive monthly decline. The Inde...
Wed, May 25 2022, 4:08 PM
Today's weekly mortgage application survey from the Mortgage Bankers Association (MBA) was fairly unsurprising in that applications declined, but at a...
Tue, May 24 2022, 1:43 PM
The housing market has been keeping its head down, keeping calm, and carrying on in the face of the biggest rate spike since the 1980s. The ability t...
Wed, May 18 2022, 3:07 PM
The regular monthly release of the New Residential Construction report from the Census Bureau is typically fairly dry. To be fair, this month's updat...
Wed, May 18 2022, 9:13 AM
Mortgage application activity, which had been on the rebound this month, suffered its largest loss since mid-February during the week ended May 13. A...
Tue, May 17 2022, 3:17 PM
Homebuilder confidence may still be higher than almost any time before the pandemic, but it's now lower than any time since. The post-pandemic lows a...
Thu, May 12 2022, 12:48 PM
The volume of commercial and multifamily mortgage loan originations jumped 72 percent in the first quarter of 2022 compared to a year earlier. The M...
Wed, May 11 2022, 9:28 AM
Mortgage application volume continued its recovery last week driven by a second strong increase in purchasing activity. The Mortgage Bankers Associati...
Tue, May 10 2022, 11:13 AM
Black Knight says the steep ascent of mortgage rates, the 30-year conforming jumped 63 basis points in April, was matched by a sharp drop in rate lock...
Tue, May 10 2022, 9:46 AM
Consumers opinion about the wisdom of buying a home went underwater in April 2021 and continues to sink. Fannie May says the question about whether it...
Wed, May 4 2022, 9:52 AM
The volume of mortgage application submitted during the week ended April 29 ended a seven-week slide. The Mortgage Bankers Association (MBA) said purc...
