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NAHB Forecasting 6.6 Percent Jump in Housing Starts in 2014

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A growing economy, rising household formations, low mortgage rates and pent-up demand will help single-family housing production to rev up in 2015 while a growth in renters will keep the multifamily market at cruising altitude or higher, according to economists who participated in yesterday's National Association of Home Builders (NAHB) 2014 Fall Construction Forecast Webinar.Click to continue

Mortgage Rates Rebound, Remain Below the Four Percent Mark

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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that average fixed-rate mortgages (FRMs) moved higher across the board this week, rebounding from the lowest rates of the year of 3.92 percent.Click to continue

Mortgage Apps Decline 6.6 Percent Week Over Week

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Mortgage applications decreased 6.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Oct. 24, 2014. The Market Composite Index, a measure of mortgage loan application volume, decreased 6.6 percent on a seasonally adjusted basis from one week earlier.Click to continue

HSH.com: Fixed-Rates Again Eclipse the Four Percent Mark

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Rates on the most popular types of mortgages firmed up for the first time since mid-September, according to HSH.com's Weekly Mortgage Rates Radar. In the last week, the average rate for conforming 30-year fixed-rate mortgages (FRMs) rose by three basis points (0.03 percent) to 4.04 percent. Conforming 5/1 Hybrid ARM rates also increased by three basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.05 percent.Click to continue

S&P/Case-Shiller Data Confirm Deceleration in Home Prices

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Reasons to be optimistic about a return to housing vibrancy received a setback in the latest data released Tuesday by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices.Click to continue

Zillow: Mortgage Rates Rise Slightly, But Remain Below Four Percent Mark

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The 30-year fixed mortgage rate on Zillow Mortgages is currently 3.85 percent, up four basis points from this time last week. The 30-year fixed mortgage rate hovered around 3.90 percent for most of the week, dropping to 3.77 percent Wednesday before rising to the current rate.Click to continue

Trulia: Markets Where Obama Won in 2012 Have Lowest Housing Affordability

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The expression “limousine liberal” might have new degree of resonance based on the 2012 election. According to a study by Trulia that rated the housing affordability levels in the nation’s 100 largest metro markets based on their 2012 presidential vote, markets that brought President Obama back for a second term have the lowest level of affordable housing in the nation.Click to continue

FHFA's August House Price Index Up 0.5 Percent in August

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U.S. house prices rose in August, up 0.5 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency (FHFA) monthly House Price Index (HPI). The previously reported 0.1 percent increase in July was revised to reflect a 0.2 percent increase.Click to continue

Home-Value Growth Peaks in Q3

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Appreciation in home values is slowing definitively after nearly two years of accelerating year-over-year growth, according to the third quarter Zillow Real Estate Market Reports. Homebuyers who have been priced out of hot markets will welcome the cooling off, and the most recent data should further combat worry about another housing bubble.Click to continue