The housing market in the U.S. is monitored not only by prospective buyers and sellers of property, but also by the general investing public to gauge a measure of the current state of the U.S. economy. In essence, housing market movements have historically provided valuable insights as to the future outlook of the American economy, […]
Posted inNews
2019 Sends mixed message to the U.S. housing market
As we start to receive the data for the first fiscal quarter of 2019, there have been conflicting indications of the current strength of the housing market in the U.S. At a macro level, the American economy is in good shape and the strength of the economy tends to be a strong leading indicator for […]
Posted inBuy
Is there a better way to measure first-time homebuyers?
In any discussion on affordable homes the focus is generally on the first-time buyer. As the first-time buyer looks to move on from renting and transition to home ownership finding the down-payment can be a huge hurdle. This is particularly the case for those living in areas where their rent takes up a large portion […]
Posted inNews
Fed minutes reveal, officials to wait now – raise later
During the March 20 meeting held by members of the Federal Open Market Committee, there was an undisputed public call for patience; however, according to a more comprehensive report published Wednesday, opposing opinions were observed. Based on the minutes, some members suggested that their opinions concerning the right target range about the federal money rate […]
Posted inNews
Builder sentiment moves up one notch to 6-month high
According to the National Association of Home Builder/Well Fargo Housing Market Index (HMI), in April, builder confidence for newly constructed single-family homes rose tremendously to 63. Over the past three months, sentiment levels have been in the low 60s. Builders have reported the essential need for cheap and affordable new single-family homes irrespective of the […]
Posted inNews
FHFA Director moves forward on housing finance reform
Calabria: We must grab this opportunity for reform. Mark Calabria has officially taken office having been confirmed as the new director of the Federal Housing Finance Agency by the Senate. The role of the agency is to oversee Fannie Mae, Freddie Mac, and the majority of the US housing finance system. Calabria replaces Joseph Otting, […]
Posted inNews
Top 7 Housing Market Predictions for the Rest of 2019
The housing market is expected to slow down somewhat in 2019 but home ownership is expected to rise according to industry leaders and professional associations. On top of that, it is anticipated that mortgage rates will continue to remain historically low. New housing will face the continuing pressures of labor shortages in the construction industry […]
Posted inBuy
Housing Market Forecast Spring 2019 to Favor Buyers
The first quarter of 2019 for home sales suggests that the spring housing market will provide a great opportunity to purchase a home. Traditionally, spring is the season homebuyers begin to make their search, although it varies nationwide. However, with the home shopping season beginning in March, current market reports suggest more options for those […]
Posted inNews
2019 U.S. Housing Market Report Sends Mixed Signals
The first quarter of 2019 has ended, and now it is time to take stock and evaluate the events seen in the U.S. housing market over the first three months. Overall, mortgage demand has risen and home sales are on the rise across the board. Still, it is prudent to take a closer look at […]