New and Existing Home Sales
30 Second Market Update
June 14, 2021
Two monthly housing reports which serve as a great gage to the turnover and sales of homes across the US are the New Homes Sales report and the Existing Home […]
Home Prices Continue to Climb, but Inventory Still an Issue
30 Second Market Update
June 07, 2021
According to Realtor.com’s Monthly Housing Trends Report, the national median listing price rose to $380,000 in May. This jump represented a 15.2% increase from the previous year. Shockingly, it is […]
Housing’s Current State
30 Second Market Update
June 01, 2021
Several housing reports came out last week, giving us a good feel for how the market is fairing in this very abnormal environment. The Federal Housing Finance Agency’s Home Price […]
Home Prices and Demand Continue to Soar to New Records!
30 Second Market Update
May 24, 2021
According to a recent study from Redfin, national median home prices reached $370,528 for the month of April. That figure marks a 22% increase year-over-year and is a new record. […]
Inflation Begins To Rear It’s Head
30 Second Market Update
May 17, 2021
Last week, the latest inflation numbers were released from the US Bureau of Labor Statistics’ Consumer Price Index. This index showed that for the month of April, consumer prices increased […]
Mortgage Rates Move Back Down, but Will They Stay There?
30 Second Market Update
May 10, 2021
According to Freddie Mac, for the week ending May 6th, mortgage rates reached their lowest levels since this past February. In addition, this marked the third consecutive week where we […]
GDP Points to Recovery
30 Second Market Update
May 03, 2021
What is GDP? According to the Bureau of Economic Analysis, GDP stands for Gross Domestic Product and is an index that represents the market value of goods and services produced […]
Mortgage Demand Surges as Rates Reach Lowest Level in Two Months
30 Second Market Update
April 26, 2021
According to the Mortgage Bankers Association’s (MBA) seasonally-adjusted index, mortgage applications surged 8.6% last week as compared to the previous week. This increase marked the first week over week increase […]
Home Builders Pushing to Help Increase Inventory
30 Second Market Update
April 19, 2021
Last week, the US Census Bureau and the US Department of Housing and Urban Development released their collaborated new home construction data for the month of March. They showed that […]
Home Buyer and Seller Confidence Continues to Rise
30 Second Market Update
April 12, 2021
According to Fannie Mae’s Home Purchase Sentiment Index (HPSI), consumer confidence to sell or buy a home increased in March by 5.2 points to a level of 81.7. Fannie Mae’s […]
Homes Continue To Appreciate in Value
30 Second Market Update
April 05, 2021
Last week, the Case-Shiller Home Price Index was released for the month of January. Even though there is a two-month lag in their data, it showed that homes across the […]
Mortgage Rates Creeping Higher, Is It Still Time to Refinance?
30 Second Market Update
March 29, 2021
According to a recent report by Black Knight, the recent surge in mortgage rates of nearly 50 basis points eliminated approximately seven million “high quality” refinance candidates who are no […]
