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What’s Ahead For Mortgage Rates This Week – July 25, 2016

Last week’s economic news included readings on builder confidence in housing market conditions, housing starts, building permits issued and existing home sales. Weekly reports on mortgage rates and new jobless claims were also released. The National Association of Home Builders reported that home builder confidence fell one point in July to 59 as compared to an expected reading and June reading of 60. Builders again cited shortages of buildable lots and labor.

Posted in: Mortgage Rates Tagged: Existing Home Sales, Mortgage Rates

Good News! Existing Home Sales, FHFA Home Prices Increase

Housing markets show continued signs of strengthening according to reports released on Wednesday. The NATIONAL ASSOCIATION OF REALTORS®Â® reported that sales of pre-owned homes rose to 5.49 million in June as compared to May’s revised reading of 5.32 million pre-owned homes sold and expected sales estimated at 5.42 million sales. Expectations were based on May’s original reading of 5.35 million sales. June’s reading was the highest since February of 2007. Readings for existing home sales are calculated on a seasonally adjusted annual basis.

Posted in: Market Outlook Tagged: Existing Home Sales, FHFA, National Association of REALTORS

Existing Home Sales Dip to Lowest Level since May

Sales of existing homes dropped to a seasonally-adjusted annual rate of 4.93 million as compared to expectations of a 5.18 million existing homes sold. Projections were based on October’s reading of 5.25 million.

Posted in: Market Outlook Tagged: Existing Home Sales, FHFA, National Association of REALTORS

Good News! Existing Home Sales Up And FHFA Home Prices Rise

After months of reports of slowing home price momentum and forecasts of a lagging housing market, we are pleased to report an increase in volume of existing home sales.

Posted in: Market Outlook Tagged: Existing Home Sales, FHFA, Market Outlook

What’s Ahead For Mortgage Rates This Week – May 27, 2014

Last week’s economic news was dominated by speeches given by Federal Reserve presidents, the minutes from April’s FOMC meeting and commencement address given by Fed Chair Janet Yellen. The latest readings for new and existing home sales were also released.

Posted in: Uncategorized Tagged: Existing Home Sales, Federal Reserve, Mortgage Rates

Existing Home Sales Rise As Home Inventory Shrinks

Home sales rose for the 11th consecutive month according to the National Association of REALTORS® Existing Home Sales Report for January.

Posted in: Blog Tagged: Appreciation, Existing Home Sales, Real Estate

Existing Homes For Sale At Lowest Point In 11 Years

Home sales dropped last month, but not because demand was lacking. There are fewer homes for sale than at any time in the last 11 years.

Posted in: Blog Tagged: Existing Home Sales, Existing Home Supply, NAR

Pending Home Sales Index Cruises To Multi-Year High

In November, for the second straight month, the Pending Home Sales Index eclipsed its benchmark reading of 100, posting a value of 106.4.

Posted in: Blog Tagged: Existing Home Sales, NAR, Pending Home Sales Index

What’s Ahead for Mortgage Rates This Week: December 24, 2012

Freddie Mac reported the average 30-year fixed rate mortgage rate at 3.37 percent — an increase of 0.05 percentage points from the week prior.

Posted in: Blog Tagged: Existing Home Sales, Fiscal Cliff, Housing Starts

More Bullish Data : Housing Starts Climb 3.6%

According to a joint release from the U.S. Census Bureau and the Department of Housing and Urban Development, Housing Starts rose 3.6% in October 2012, climbing to a seasonally-adjusted, annualized rate of 894,000 units.

Posted in: Blog Tagged: Census Bureau, Existing Home Sales, Housing Starts

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239.821.7926

cathy.rogers@premiersir.com

760 N. Collier Blvd., #101,
Marco Island, FL 34145

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