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HomeSales

Sales

Housing Wire

Pending home sales rose 0.9% in July

August 30, 2023 Mariel Alumit Comments Off on Pending home sales rose 0.9% in July

Mirroring the trend for new home sales(+4.4%), pending home sales rose 0.9% in July, according to data released Wednesday by the National Association of Realtors (NAR). Year over year, pending home sales were down 14%, […]

mortgage
Housing Wire

New home sales grow, even with higher mortgage rates

August 24, 2023 Mariel Alumit Comments Off on New home sales grow, even with higher mortgage rates

Builders are taking advantage of the housing market inventory issues, which is why new home sales are growing yearly, even with higher mortgage rates. Today, the U.S. Census and Department of Housing and Urban Development […]

Mortage News

New Home Sales Benefit from Inventory Issues

August 24, 2023 Allen Santos Comments Off on New Home Sales Benefit from Inventory Issues

Sales of newly constructed homes appear to be benefitting from the very lack of inventory that is stifling existing home sales.  July’s sales of pre-owned homes lagged sales a year earlier by more than 16 […]

home
Top News

US home prices stay near record high, even as sales drop in June

July 21, 2023 Mark Paul Cervantes Comments Off on US home prices stay near record high, even as sales drop in June

WASHINGTON — U.S. home prices continued to fall in June compared to a year ago, but that may not be much comfort to home buyers. Even after falling, June’s median price hit the second-highest monthly […]

housing market
Top News

U.S. Pending Home Sales Fall but the Housing Market Is in Recovery Mode

June 30, 2023 Mark Paul Cervantes Comments Off on U.S. Pending Home Sales Fall but the Housing Market Is in Recovery Mode

The numbers: U.S. pending-home sales fell in May, the National Association of Realtors said on Thursday but the housing market is still showing signs of being in recovery mode. Demand for homes is still strong, despite […]

Weely Real Estate News

State Farm Ends Home Insurance Sales in California

May 31, 2023 Mark Paul Cervantes Comments Off on State Farm Ends Home Insurance Sales in California

The company is the leading home insurance firm in California. The post State Farm Ends Home Insurance Sales in California appeared first on Weekly Real Estate News.

Prices
Top News

Prices and sales slip as housing market cools

May 17, 2023 Mark Paul Cervantes Comments Off on Prices and sales slip as housing market cools

In “The Shawshank Redemption,” escaped convict Andy Dufresne writes his recently paroled best bud Red that “hope is a good thing, maybe the best of things, and no good thing ever dies.” For prospective home buyers, […]

U.S. Housing Market

Home Sales and New Listings Drop in February for Greater Toronto Area

March 3, 2023 Mark Paul Cervantes Comments Off on Home Sales and New Listings Drop in February for Greater Toronto Area

February sales in the Greater Toronto Area (GTA) were down substantially from the pre-rate hike levels of early 2022, according to the Toronto Regional Real Estate Board. However, the number of new listings also dropped […]

U.S. Market

Pending home sales jump by most since June 2020 as housing market looks to rebound

March 3, 2023 Mark Paul Cervantes Comments Off on Pending home sales jump by most since June 2020 as housing market looks to rebound

The post Pending home sales jump by most since June 2020 as housing market looks to rebound appeared first on Weekly Real Estate News.

U.S. Housing Market

Housing market on the rise? Why pending contracts for home sales have industry buzzing.

March 3, 2023 Mark Paul Cervantes Comments Off on Housing market on the rise? Why pending contracts for home sales have industry buzzing.

The post Housing market on the rise? Why pending contracts for home sales have industry buzzing. appeared first on Weekly Real Estate News.

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

Daily Real Estate News

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