Trends

The latest housing data report confirms an ongoing market trend: An evaporating inventory is contributing to declining home sales and a dramatically increase in home prices
The latest housing data report confirms an ongoing market trend: An evaporating inventory is contributing to declining home sales and a dramatically increase in home prices.   During July, Redfin determined a 6.8 percent year-over-year spike in home prices, with the national median sale price... Keep Reading....
Mortgage rates took a tumble for the second week in a row, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending July 27
Mortgage rates took a tumble for the second week in a row, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending July 27.   The 30-year fixed-rate mortgage (FRM) averaged 3.92 percent, down from last week when it averaged 3.96 percent. The 15-year FRM this week... more
Homeowners who sold their residences in the second quarter realized an average price gain of $51,000 since purchase
Homeowners who sold their residences in the second quarter realized an average price gain of $51,000 since purchase—the highest average price gain for home sellers since the $57,000 level set in the second quarter of 2007, according to new statistics released by ATTOM Data Solutions. The average... more
For the second week in a row, mortgage applications were on the rise, according to new data from Mortgage Bankers Association (MBA) that measured market activity for the week ending July 21
For the second week in a row, mortgage applications were on the rise, according to new data from Mortgage Bankers Association (MBA) that measured market activity for the week ending July 21.   The Market Composite Index saw a 0.4 percent uptick on a seasonally adjusted basis from one week earlier... more
The Connecticut legislature overturned a veto by Gov. Dannel P. Malloy’s of a bill that rewrote a key aspect of the state’s affordable housing law
The Connecticut legislature overturned a veto by Gov. Dannel P. Malloy’s of a bill that rewrote a key aspect of the state’s affordable housing law.   The House voted 101-47 and the Senate voted 24-12 vote to override the veto of House Bill 6880–An Act Concerning the Affordable Housing Land Use... more