Hot Housing Market
Advisors Family
January 27, 2020
On the most recent National Association of Realtors’ Existing Home Sales report, which measures contracts that were signed for existing homes purchased in a given month, increased by 3.6% in […]
Homebuyer Demand Hits Highest Level Since 2009!
30 Second Market Update
January 20, 2020
The mortgage industry is officially off to a record start in 2020. According the Mortgage Bankers Association’s seasonally-adjusted index, mortgage application volume surged 30.2% last week from the previous week. […]
Home Appreciation Continues
Advisors Family
January 13, 2020
When looking at the housing market, a great report to track is the CoreLogic Home Price Index. This index currently shows that homes increased in price by 0.5% in the […]
Increased Loan Limits in Effect
30 Second Market Update
January 06, 2020
As of January 1, 2020, the new and increased loan limits for Fannie Mae, Freddie Mac, and FHA are now in place. Fannie Mae and Freddie Mac loan limits are […]
Economic Reports Breakdown Housing Health
Advisors Family
December 30, 2019
The Mortgage Bankers Association (MBA) released their mortgage application data for the week of December 16th. This data showed a slight slowing of mortgage applications by about 5.3% from the […]
Fannie Mae Boosts 2020 Housing Forecast
30 Second Market Update
December 23, 2019
The research team at Fannie Mae have revised their 2020 housing forecasts to much higher levels. This past year, growth in single-family housing starts grew just over 1% annually. Now, […]
Demand for Home Ownership Continues
Advisors Family
December 16, 2019
The National Association of Realtors’ Pending Home Sales report was recently released showing that signed contracts on single-family homes, co-ops and condos were up by 4.4% from October 2018 to […]
U.S. Unemployment Rate Hits 50-Year Low
30 Second Market Update
December 09, 2019
According to the recently released November Jobs Report, the unemployment rate ticked down to 3.5% from 3.6%, matching the lowest jobless rate in 50 years. In November, 266,000 new jobs […]
Homes are Selling as Prices Continue to Rise
Advisors Family
December 02, 2019
The Case-Shiller Home Price Index, which measures appreciation in single-family homes, increased by 0.1% for the month of September, bringing annual appreciation to 3.2%. The Federal Housing Finance Agency (FHFA) […]
US Housing Starts Hit Twelve Year High
30 Second Market Update
November 25, 2019
US housing starts, which represent permits for future home construction, jumped 3.8% in October to 1.314 million units, representing a twelve-year high. Single family homes jumped 2% to a rate […]
Sales of New Homes Expected to Reach 13 Year High in 2020
30 Second Market Update
November 18, 2019
According to the National Association of Realtors (NAR), new home sales are expected to rise 11% to 750,000 in 2020. This would be the highest reading since 2007. In addition, […]
Home Prices Continue to Thrive
Advisors Family
November 11, 2019
CoreLogic’s Home Price Index (HPI) continue to show that owner-occupied homes across the nation are increasing in value. In September, values increased 0.4%, which is an increase of 3.5% since […]
