Do Mortgage Discount Points Make Sense?
30 Second Market Update
September 11, 2023
What does paying discounts points mean? Paying a discount point means you are prepaying your interest up front on your mortgage. You are basically paying to lower your interest rate. […]
Homes Prices Back to Record Levels and Trending Higher
30 Second Market Update
September 04, 2023
The Case Shiller Home Price Index, which is one of the industry’s best gauges of home price appreciation, showed that home prices rose 0.65% in June. Home prices have been […]
Housing Demand is Still Strong, Even with Higher Rates
30 Second Market Update
August 28, 2023
The United States Census Bureau released its monthly New Residential Sales report for the month of July, and it showed that signed contracts on new homes rose 4.4%. This number […]
New Home Construction Still Not Enough
30 Second Market Update
August 21, 2023
The United States Census Bureau released its Residential Construction report for the month of July, and it showed that Housing Starts, or the breaking of ground, rose by 3.9% in […]
Inflation Softens, but is it Enough for the Fed?
30 Second Market Update
August 14, 2023
The U.S. Bureau of Labor Statistics released their Consumer Price Index (CPI) for the month of July, and it showed that headline inflation increased by 0.2%, which came in lower […]
Inventory Low but Demand is High
30 Second Market Update
August 07, 2023
The National Association of Home Builders released their New Home Sales Report which measures signed contracts on new homes. This report showed a decrease of 2.5% in June to a […]
Inflation Continues To Cool
30 Second Market Update
July 31, 2023
The Bureau of Economic Analysis released its Personal Consumption Expenditures (PCE) last week and it was a market-moving number. It showed that inflation rose 0.2% in June, which was in […]
New Construction is Tight, but Optimism is Growing
30 Second Market Update
July 24, 2023
The United States Census Bureau released its Residential Construction report for the month of June. This report showed that Housing Starts, or the beginning of a new construction home, fell […]
Inflation Cools and Bonds Love It
30 Second Market Update
July 17, 2023
The U.S. Bureau of Labor Statistics released their Consumer Price Index (CPI) for the month of June that showed overall inflation increased by 0.2%, which came in lower than estimates […]
Home Builders Seeing an Opportunity
30 Second Market Update
July 10, 2023
The National Association of Realtors released its Pending Home Sales report, and it showed that signed contracts were down by 2.7% in May as opposed to the 0.5% decrease that […]
Home Prices Continue To Rise
30 Second Market Update
July 03, 2023
The Case Shiller Home Price Index, which is one of the industry’s best gauges of home price appreciation, showed that home prices rose 0.5% in the month of April. This […]
Existing Home Sales Prove Housing Demand is on Fire
30 Second Market Update
June 26, 2023
The National Association of Realtors released its Existing Home Sales Report for the month of May and it showed that closings on existing homes rose 0.2%. When compared to the […]
