Existing Home Sales Jump in January
30 Second Market Update
February 26, 2024
The National Association of Realtors released its Existing Home Sales report, and it showed that January brought a 3.1% rise when compared to December. NAR’s Chief Economist, Lawrence Yun, noted […]
Housing Remains Hot
30 Second Market Update
February 19, 2024
Zillow released its monthly housing report for the month of January and announced that the market is still hot. They said, “Buyers and sellers both should prepare for a competitive […]
Tappable Home Equity on The Rise
30 Second Market Update
February 12, 2024
Black Knight reported that across the U.S., those who have a mortgage on their home gained $1.6 Trillion in equity in 2023. They now collectively have a total of $16 […]
Resilient Housing Market
30 Second Market Update
February 05, 2024
The Case Shiller Home Price Index was released last week, and it showed that home prices rose 0.2% in November and are now up 5.14% from last year. When looking […]
New and Existing Home Sales Breakdown
30 Second Market Update
January 29, 2024
The United States Census Bureau and the Department of Housing and Urban Development jointly released their New Home Sales report for the month of December, and it showed that signed […]
Builder Optimism Growing in 2024
30 Second Market Update
January 22, 2024
The National Association of Home Builders released their Home Builder Sentiment index, and it showed that home builder confidence has increased due mostly to falling interest rates. The overall index […]
Resilient Housing Market and Intense Buyer Demand
30 Second Market Update
January 15, 2024
CoreLogic reported last week that home prices across the country increased 5.2% from November 2022 to November 2023. This index joins the Case Shiller Home Price Index and Federal Housing […]
Pending Home Sales were a Miss, but Expected to Improve in 2024
30 Second Market Update
January 08, 2024
The National Association of Realtors revealed that Pending Home Sales or signed contracts for the month of November were unchanged at 71.6 from October. This forward-looking gauge or index stayed […]
A Lot to Look Forward to in 2024
30 Second Market Update
January 01, 2024
As we start a new year, we have a lot to look forward to. We have inflation trending lower via the PCE, CPI, and PPI indexes, a Federal Reserve that […]
Optimistic Housing Report Shows The Market is Picking Up
30 Second Market Update
December 25, 2023
The National Association of Realtors released its Existing Home Sales report for the month of November, and it showed that sales rose 0.8%. This ended a five-month streak of monthly […]
Underwriting 101
Knowledge Base
December 19, 2023
Underwriting (AKA “UW”) is the process by which your lender verifies your income, assets, debt and property details in order to issue final approval on your loan application. In other […]
The Fed Changing It’s Tune
30 Second Market Update
December 18, 2023
After the Federal Reserve meeting last week, we saw interest rates improve another leg lower. The Fed mentioned that it would not hike the federal reserve rate and kept rates […]
