Existing Home Sales Stronger Than Estimates
30 Second Market Update
December 02, 2024
Existing Home Sales rose 3.4% in October to a pace of 3.96 million units, beating expectations. This marks a 2.9% increase from last year, the first annual gain in three […]
Homeownership is More Than Just Having a Place to Live
30 Second Market Update
November 25, 2024
Inflation has cooled recently but remains significant when viewed cumulatively, with the Consumer Price Index rising over 20% in the past four years. To safeguard against inflation, investing in assets […]
NAR Chief Economist Lawrence Yun’s 2025 & 2026 Housing Forecasts
30 Second Market Update
November 18, 2024
NAR Chief Economist Lawrence Yun predicts a 9% rise in home sales in 2025 and 13% in 2026, with mortgage rates stabilizing around 6%. Speaking at the 2024 NAR NXT […]
Home Price Update
30 Second Market Update
November 11, 2024
In September, home prices increased by 0.02% according to CoreLogic, slightly below the expected 0.1% rise. Year-over-year, prices are up 3.4%, a bit lower than last month’s 3.9%. CoreLogic predicts […]
Lending Tree Survey Breakdown
30 Second Market Update
November 04, 2024
Lending Tree recently released a homeownership sentiment survey, and it showed that 83% of Americans say that they would rather own a home than rent one. 62% of those who […]
Down Payment Assistance Programs Continue to Grow
30 Second Market Update
October 28, 2024
As the 2024 year comes to a close, states are expanding down payment assistance (DPA) programs for first-time homebuyers. A report from Down Payment Resource (DPR) shows a 1.2% increase […]
Mortgage Rates Have Risen Again, But Will They Stay There?
30 Second Market Update
October 21, 2024
Mortgage rates in the U.S. have slightly risen again, reaching 6.49% on average for a 30-year fixed mortgage on October 16, 2024, after hitting a low of 6.24% in late […]
Pending Home Sales Post Biggest Increase Since 2021
30 Second Market Update
October 14, 2024
U.S. pending home sales increased by 2% in the four weeks ending October 6, 2024, marking the biggest jump in three years. This uptick is driven by declining mortgage rates, […]
Home Prices Still Fairly Strong
30 Second Market Update
October 07, 2024
CoreLogic, who provides data from multiple housing market segments, reported that home prices dropped by 0.1% in August, which was lower than their earlier prediction of a 0.2% increase. While […]
The Fed Cut Rates, Now What?
30 Second Market Update
September 23, 2024
Last week the Federal Reserve released their new policy statement, and they mentioned that they cut the Federal Funds Rate by 50 basis points or 0.5%. What does this mean […]
Home Equity Increasing
30 Second Market Update
September 16, 2024
CoreLogic released their Home Equity report, and it showed that people who own homes with mortgages, which is 62% of all homes, gained $1.3 trillion in equity, or 8%, from […]
Nationwide Surge in Home Mortgage Lending Marks Broad Recovery in Second Quarter of 2024
30 Second Market Update
September 09, 2024
In the second quarter of 2024, U.S. home mortgage lending rebounded significantly, with a 23.2% quarterly increase, totaling 1.62 million mortgages. This growth brought lending levels close to those seen […]
