Home Prices have Risen for 40 Consecutive Quarters!
30 Second Market Update
September 06, 2021
According to the Federal Housing Finance Agency’s Quarterly Price Index, the US has seen 40 consecutive quarters of home price increases, with a 5% increase between the 1st and 2nd […]
New and Existing Home Sales
30 Second Market Update
August 30, 2021
The US Census Bureau and the US Department of Housing and Urban Development released July’s New Residential Sales report showing that new home sales of single-family houses were up 1% […]
Conventional Loans with ONLY 3% Down
30 Second Market Update
August 23, 2021
As an alternative to Federal Housing Authority’s (FHA) 3.5% down payment minimum requirement program, Fannie Mae and Freddie Mac have their own low down payment loan products requiring only a […]
Higher Inflation and the Fed
30 Second Market Update
August 16, 2021
The Consumer Price Index or CPI, which measures inflation on the consumer level, rose in the month of July by 0.5%. Year over year, the index rose by 5.4% which […]
Pending Home Sales Declined in June: Have Home Prices Reached their Peak?
30 Second Market Update
August 09, 2021
According to the National Association of Realtors (NAR), pending sales of existing homes, as measured by signed contracts, decreased by 1.9% from May to June. This is most likely a […]
Hot Home Appreciation and a Housing Bubble?
30 Second Market Update
August 02, 2021
The Federal Housing Finance Agency released their House Price Index (HPI) last week and it showed that home prices rose 1.7% in the month of May. Year over year they […]
Housing Inventory Finally Improving?
30 Second Market Update
July 26, 2021
According to the National Association of Realtors (NAR), after four consecutive months of declines, existing home sales increased 1.4% from May to June, to a seasonally adjusted annual rate of […]
Inflation Is on The Rise
30 Second Market Update
July 19, 2021
The Consumer Price Index (CPI), which measures inflation on the consumer level, rose by 0.9% in the month of June and was much higher than the expected 0.5%. Year over […]
Record High Pending Home Sales Report
30 Second Market Update
July 12, 2021
The Nation Association of Realtors recently released their Pending Home Sales report, and it showed that signed contracts on existing single-family homes, condos and co-ops increased by 8% for the […]
Home Prices Surge in April
30 Second Market Update
July 05, 2021
According to the S&P CoreLogic Case-Shiller National Home Price Index, which is the gold standard in tracking home values, home prices in April rose a staggering 14.6% year-over-year from 2020. […]
New Home Sales
30 Second Market Update
June 28, 2021
Last week the U.S. Census Bureau and the U.S. Department of Housing and Urban Development released their New Home Sales report. It showed that there were 769,000 signed contracts on […]
Federal Reserve’s Announcement and Impact on Interest Rates
30 Second Market Update
June 21, 2021
Last Wednesday, Federal Reserve Chair Jerome Powell relayed the conversations from the Fed’s two-day meeting. As of this meeting, the Fed Funds rate remained unchanged and they said that they […]
