Trends

Newly released federal data reaffirmed the continued strength of the housing market
Newly released federal data reaffirmed the continued strength of the housing market.   Sales of new single-family houses in May were at a seasonally adjusted annual rate of 610,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban... Keep Reading....
Builder confidence in the market for newly-built single-family homes fell in June by two points to 67 from a downwardly revised May reading of 69
Builder confidence in the market for newly-built single-family homes fell in June by two points to 67 from a downwardly revised May reading of 69 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).   All three HMI components recorded two-point drops, with the... more
Embrace Home Loans has announced the launch of its Embrace Coming Home campaign. Inspired by the dedication and commitment soldiers give to our country, the initiative seeks to provide surprise homecomings to those dealing with the hardships of deployment, reuniting at least five families in 2017... more
Only 45 percent of the renters in the nation’s major metro areas can afford the monthly payments on a median-priced home in their market areas
Only 45 percent of the renters in the nation’s major metro areas can afford the monthly payments on a median-priced home in their market areas, according to the State of the Nation’s Housing report, released by the Joint Center for Housing Studies of Harvard University. In several of the more... more
A pair of new data reports have found a vibrant housing market during May, despite record-level inventory shortages.   According to Redfin, home prices rose 6.8 percent to a median sale price of $288,000 last month, a 7.5 percent year-over-year increase. The spike in prices was matched by a 10.9... more