Mortgage Rates Moving in the Right Direction
30 Second Market Update
June 10, 2024
Last week we saw rates decline at the beginning of the week as some bond-friendly news hit the markets. On Monday the ISM index dropped from 49.2 down to 48.7, […]
Home Price Gains Continue
30 Second Market Update
June 03, 2024
The Case Shiller Home Price Index, which is seen as the industry’s most accurate gauge of home appreciation, showed that home prices rose 0.3% in March, rising to another all-time […]
Existing Home Sales Dip but Demand is Still Hot
30 Second Market Update
May 27, 2024
The National Association of Realtors released their Existing Home Sales report last week for the month of April. It showed that closings on existing homes fell 1.9% which represents an […]
Welcome News as Consumer Inflation Cools
30 Second Market Update
May 20, 2024
Last week there was welcome news via the Bureau of Labor Statistics’ Consumer Price Index (CPI) which showed that inflation on the consumer level was cooler than expected. CPI was […]
Housing Inventory Trends
30 Second Market Update
May 13, 2024
Realtor.com released their Housing Trends report on housing inventory and they showed that new listings, which are a measure of homes getting newly listed for sale, were up the week […]
Home Appreciation Continues to Rage On
30 Second Market Update
May 06, 2024
National home prices remain on an upward trend with the latest release of the Case Shiller Home Price Index. According to Case Shiller, home prices rose 0.4% from January to […]
Inventory Shortage Aids New Home Sales
30 Second Market Update
April 29, 2024
The U.S. Census Bureau released their New Home Sales report, and it showed that signed contracts on newly constructed homes rebounded in March, up 8.8% after falling in February. Year-over-year […]
Buy Vs. Rent
30 Second Market Update
April 22, 2024
CoreLogic announced their Rental Report for the month of February, showing that single family rent prices jumped 3.4% from February 2023 to February 2024. This was an increase from 2.6% […]
Employment Data and The Fed
30 Second Market Update
April 15, 2024
The ADP Employment report, which measures private sector job growth beat expectations in March, led by a large boost in the leisure and hospitality sector, as employers added 184K new […]
CoreLogic Home Price Insights Point To Strong ROI
30 Second Market Update
April 08, 2024
CoreLogic released their US Home Price Insights report for the month of February. It showed that home prices rose 0.7% for the month after falling 0.1% in January. This was […]
CoreLogic Loan Performance Insights
30 Second Market Update
April 01, 2024
CoreLogic reported on mortgage performance data through January 2024. In this release we see that payments on mortgages that are 30-days or more delinquent fell from 3.1% to 2.8%. With […]
Housing Demand Has Been on a Steady Rise
30 Second Market Update
March 25, 2024
The National Association of Realtors released their Existing Home Sales report last week. This report measures closings on existing single-family homes, townhomes, condominiums and co-ops and it rose 9.5% in […]
