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 […]
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 […]
Jobs Report Breakdown
30 Second Market Update
December 11, 2023
At the beginning of every month, the Bureau of Labor Statistics (BLS) releases its Employment Situation or Jobs Report, The Establishment Survey, and the Household Survey. The Establishment Survey is […]
Home Price Appreciation Continuing to Stay Strong
30 Second Market Update
December 04, 2023
The latest home appreciation reports were recently released, and they both showed home price appreciation is continuing. The September Case Shiller Home Price Index, which is seen as the most […]
Cooling Inflation Bodes Well for Mortgage Rates Going Forward
30 Second Market Update
November 27, 2023
The Bureau of Labor Statistics (BLS) released its inflation data, and it showed that the October Consumer Price Index (CPI) was flat for the month, but one-tenth lower than estimates […]
Mortgage Applications Reach Five-Week High
30 Second Market Update
November 20, 2023
According to The Mortgage Bankers Association (MBA), mortgage applications increased last week as mortgage interest rates continued to fall from their highest level in 23 years. The MBA said its […]
Mortgage Rate Improvement
30 Second Market Update
November 13, 2023
Over the last few weeks, we have seen interest rates decline slightly. What has been the catalyst to help rates improve? Let’s take a quick look. Interest rates are heavily […]
Homes Continue To Appreciate
30 Second Market Update
November 06, 2023
The Case Shiller Home Price Index, which is seen as the most accurate gauge of home appreciation, showed that home prices rose 0.9% for the month of August. This index […]
