North America Residential
Real Estate News

New Home Sales in U.S. Spike 6.1 Percent in February

New Home Sales in U.S. Spike 6.1 Percent in February

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes continued to expand, rising 6.1 percent in February to a seasonally adjusted annual rate of 592,000 units. Read More »


U.S. Home Sales Slip in February

U.S. Home Sales Slip in February

According to the National Association of Realtors, after starting the year at the fastest pace in almost a decade, existing-home sales slid in February 2017, but remained above year ago levels both nationally and in all major regions. Read More »

Independent Mortgage Banks' Loan Profits in U.S. Plummet in Late 2016

Independent Mortgage Banks' Loan Profits in U.S. Plummet in Late 2016

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $575 on each loan they originated in the fourth quarter of 2016. Read More »

Mortgage Applications in U.S. Pick Up Pace in Mid-March

Mortgage Applications in U.S. Pick Up Pace in Mid-March

According to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 10, 2017, mortgage applications increased 3.1 percent from one week earlier. Read More »


Global Property Spotlight

Central Florida Executive Resort-Style Residence Available

Central Florida Executive Resort-Style Residence Available

Expertly designed from the inside-out with a brilliant use of space and attention to detail in that each room shares many common features. Read More »

Last Updated March 24, 2017 8:00 AM ET

North America Residential News Property News

Nationwide U.S. housing starts rose 3 percent in February from an upwardly revised January reading to a seasonally adjusted annual rate of 1.288 million units.

According to a new report issued this week by Zillow and LinkedIn, there's a good reason thousands of technology workers are flocking to Seattle: the math works out.

According to ATTOM Data Solutions February 2017 Foreclosure Activity Report, U.S. foreclosure activity has significantly slowed in the last 17 months. Overall foreclosure activity in February dropped to a new 11-year low, the lowest since November 2005.

The NAHB is reporting this week that U.S. home builder confidence in the market for newly-built single-family homes jumped six points to a level of 71 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).

According to the Mortgage Bankers Association's latest Builder Application Survey, U.S. mortgage applications for new home purchases increased 2.2 percent compared to February 2016.

According to CoreLogic, U.S. homeowners with mortgages (roughly 63 percent of all U.S. homeowners) saw their equity increase by a total of $783 billion in 2016, an increase of 11.7 percent.

Last Friday's U.S. jobs report drew quick reaction from the real estate industry. The National Association of Realtors Chief Economist Lawrence Yun made the following comments on U.S. Bureau of Labor Statistics' February 2017 jobs report:

According to Freddie Mac's latest Primary Mortgage Market Survey, the average 30-year fixed mortgage rate in the U.S. hit their highest mark of 2017. The 10-year Treasury yield rose about 10 basis points this week. For the first time in weeks.

According to ATTOM Data Solutions' 2016 Year-End U.S. Home Flipping Report, 193,009 single family homes and condos in the U.S. were flipped -- sold in an arms-length transfer for the second time within a 12-month period -- in 2016, up 3.1 percent from 2015.

According to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 3, 2017, mortgage applications increased 3.3 percent from one week earlier.

According to CoreLogic's latest Home Price Index for January 2017, U.S. home prices are up both year over year and month over month. Home prices nationwide, including distressed sales, increased year over year by 6.9 percent in January 2017 compared with January 2016

An improving U.S. economy, multiple years of strong job growth and the notable increase in home values in most markets fueled a greater share of purchases.

According to the Greater Las Vegas Association of Realtors, Southern Nevada home prices and sales continued to increase despite a shrinking housing supply.

Almost half of millennial homeowners in the U.S. now live in the suburbs, and the majority stay in the same city when they buy a home.

According to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 24, 2017, U.S. mortgage applications increased 5.8 percent from one week earlier.

According to a new survey from Zillow Group Mortgages, the majority (53 percent) of current U.S. home shoppers consider rising interest rates to be among the top factors impacting their ability to purchase a home.

According to the National Association of Realtors, insufficient supply levels led to a lull in contract activity in the Midwest and West, which dragged down pending home sales in January 2017 to their lowest level in a year.

According to CoreLogic, cash sales accounted for 32.4 percent of total U.S. home sales in November 2016, down 4.5 percentage points year over year from November 2015.


Page
×
WORLD PROPERTY JOURNAL
 
Free News Alerts
 

Sign up now to receive the latest local & global real estate news in your inbox.

GO