Zillow is reporting this week that U.S. home buyers' monthly housing costs are growing rapidly as mortgage rates have risen significantly since the beginning of the year.
The Mortgage Bankers Association expects to see $1.24 trillion in purchase mortgage originations in the U.S. during 2019 - a 4.2 percent increase from 2018. MBA anticipates refinance originations will continue to trend lower next year, decreasing by 12.4 percent to $395 billion.
U.S. builder confidence in the market for newly-built single-family homes rose one point to 68 in October 2018 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builder confidence levels have held in the high 60s since June 2018.
Global property consultant Cushman & Wakefield is reporting this week for the third quarter of 2018 showed strengthening occupancy growth for Silicon Valley's office and R & D sectors.
According to the Mortgage Bankers Association's latest Mortgage Credit Availability Index, U.S. mortgage credit availability decreased in September 2018.
U.S. mortgage applications for new home purchases increased 8.2 percent compared to September 2017. Compared to August 2018, applications decreased by 9 percent. This change does not include any adjustment for typical seasonal patterns.
According to a housing and economic forecast released today by the California Association of Realtors, a combination of high home prices and eroding affordability is expected to cut into housing demand and contribute to a weaker housing market in 2019.
A total of 177,146 U.S. properties with foreclosure filings in the third quarter of 2018, down 6 percent from the previous quarter and down 8 percent from a year ago to the lowest level since Q4 2005.
According to the Mortgage Bankers Association's newest Weekly Mortgage Applications Survey for the week ending October 5, 2018, mortgage applications in the U.S. decreased 1.7 percent from one week earlier.
Based on new research by Zillow, housing affordability across the U.S. is especially tough in the nation's urban areas, but in the country's largest metros it's often the suburbs that are the least affordable.
Over 57,002 homes in the Florida Gulf Coast with a reconstruction cost value (RCV) of approximately $13.4 billion are at potential risk of storm surge damage from Hurricane Michael.
According to CBRE's latest Manhattan Office MarketViews Report for the third quarter of 2018, office leasing activity totaled 6.73 million sq. ft. in Q3 2018, 3% behind its five-year quarterly average
According to Freddie Mac's Primary Mortgage Market Survey for early October 2018, the 30-year fixed-rate mortgage in U.S. dropped slightly for the first time after five weeks of increases.
According to a new report by Zillow, value of U.S. homes that were foreclosed on during the Great Recession are appreciating rapidly, up 10.3 percent over the past year, while the typical U.S. home is appreciating 6.5 percent annually.
According to the Greater Las Vegas Association of Realtors, after a sluggish 2018 summer, Southern Nevada home prices bounced back in September to hit $300,000 for the first time in more than 11 years.
If March comes in like a lion and goes out like a lamb...then Autumn often comes in like a lamb and goes out like a lion. To me, though, Autumn is one of the sweetest parts of the year, when the foliage takes on a technicolor-glow, the temperatures are cool and refreshing.
With U.S. economic fundamentals showing fortitude against trade fears, interest rate hikes and diverging global economies, the tightening labor market appears the biggest threat to the pace of continued economic growth.
Based on ATTOM Data Solutions newly released Q3 2018 U.S. Home Affordability Report, U.S. home prices in the third quarter of 2018 were at the least affordable level since Q3 2008 -- a 10-year low.