According to the National Association of Home Builders, U.S. builder confidence in the market for newly-built single-family homes rose four points in August 2017 to a level of 68 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
The U.S. real estate market is currently experiencing the worst inventory deficiency in 20 years, and for two primary reasons - boomers' reluctance to sell and homes fitting current family needs.
The Market Composite Index, a measure of mortgage loan application volume, increased 3.0 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 3 percent compared with the previous week.
According to Freddie Mac's latest Primary Mortgage Market Survey for early August 2017, the 30-year fixed mortgage rate dropped to its lowest point in six weeks. After holding relatively flat last week, the 10-year Treasury yield fell 4 basis points this week.
According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released this week, rising U.S. home prices offset a quarter-point drop in mortgage interest rates to move housing affordability slightly lower in the second quarter of 2017.
The Miami Association of Realtors is reporting this week that the Miami residential market posted a robust second quarter as single-family home transactions, single-family luxury sales, median sale prices and dollar volumes all surged.
According to the National Association of Home Builders/First American Leading Markets Index, nearly 300 U.S. housing markets posted an increase in economic and housing activity.
An increasingly hot local Las Vegas housing market showed no signs of cooling off in July 2017, with home prices and sales continuing to rise while the housing supply keeps shrinking.
The average U.S. mortgage rate did not deviating from the previous week. The 10-year Treasury yield was relatively flat this week, as was the 30-year mortgage rate which rose 1 basis point to 3.93 percent.
U.S. home builder confidence in the single-family 55+ housing market strengthened in the second quarter of 2017 with a reading of 66, up 11 points from the previous quarter.
According to CoreLogic's latest Home Price Index for June 2017, U.S. home prices are up strongly both year over year and month over month. Home prices nationally increased year over year by 6.7 percent from June 2016 to June 2017.
According to a new analysis from Zillow and Thumbtack, nationally, U.S. homeowners can expect to spend $9,080 a year on average in hidden costs related to owning and maintaining a home.
According to the National Association of Realtors, after declining for three straight months, U.S. pending home sales reversed course in June 2017 as all major regions, except for the Midwest, saw an increase in contract activity.
According to the Real Estate Board of New York's latest Residential Sales Report, New York City residential sales market registered a 19 percent rise in citywide consideration (monetary value for completed transactions) totaling $13.4 billion in the second quarter of 2017.
According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. mortgage rate dropped for the second consecutive week in late July 2017.
According to ATTOM Data Solutions' Q2 2017 U.S. Home Sales Report, U.S. homeowners who sold in the second quarter of 2017 realized an average price gain of $51,000 since purchase.
According to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in June 2017 inched up 0.8 percent to a seasonally adjusted annual rate of 610,000 units.
According to the Miami Association of Realtors, Miami's single-family home market continued its strong selling pace by registering its second-most June transactions in history, and the $1 million-plus luxury sales segment rose for both single-family homes and condominiums.
