Phoenix
Real Estate News

Single Family Home Production in U.S. Declines in March

Single Family Home Production in U.S. Declines in March

Following an elevated February 2017 reading, nationwide housing starts fell 6.8 percent in March to a seasonally adjusted annual rate of 1.22 million units Read More »


Builder Confidence in U.S. Dips in April

Builder Confidence in U.S. Dips in April

U.S. homebuilder confidence dipped three points in April 2017 to a level of 68 on the National Association of Home Builders/Wells Fargo Housing Market Index, Read More »

Profits Jumped in 2016 for Independent Mortgage Bankers in U.S.

Profits Jumped in 2016 for Independent Mortgage Bankers in U.S.

Independent mortgage banks and mortgage subsidiaries of chartered banks in the U.S. made an average profit of $1,346 on each loan they originated in 2016, up from $1,189 per loan in 2015. Read More »

New Home Mortgage Applications in U.S. Jump in March

New Home Mortgage Applications in U.S. Jump in March

Mortgage applications for new home purchases increased 6.7 percent compared to March 2016. Compared to February 2017, applications increased by 23 percent relative to the previous month. Read More »


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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 April 19, 2017 8:09 AM ET

Phoenix Property News

According to ATTOM Data Solutions' Q1 and March 2017 U.S. Foreclosure Market Report, which shows first quarter foreclosure activity was below pre-recession levels nationwide and in 102 out of 216 metropolitan statistical areas (47 percent) analyzed in the report.

According to Freddie Mac, more U.S. home renters are optimistic about their financial situations and expect to stay where they are even if their rents increased.

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).

The prospect of increased U.S. economic growth combined with less regulation, means that investor sentiment for commercial real estate investment is marginally more positive than last year.

Excessive regulations, rising mortgage interest rates and ongoing home price appreciation pushed housing affordability in the fourth quarter of 2016 to its lowest point since the third quarter of 2008.

According to the National Association of Realtors, existing-home sales closed out 2016 as the best year in a decade, even as sales declined in December as the result of ongoing affordability tensions and historically low supply levels.

U.S. commercial real estate executives are especially bullish on industrial, infrastructure and multi-family asset classes in 2017.

Fueled by a growing economy, solid employment gains and rising household formations, single-family housing production in the U.S. will continue on a gradual, upward trajectory in 2017.

Home remodelers' average profit margins have increased since 2011, indicating they are running their businesses more efficiently as residential remodeling activity steadily improves.

More than 103 million Americans--the most on record--are expected to travel for the year-end holidays. This represents a 1.5 percent increase.

The impact of the Federal Reserve's decision this week to raise the Federal Funds Rate by 0.25 percent on all U.S. real estate markets and sectors could be significant in 2017.

Existing-home sales in the U.S. are forecast to muster only a small gain in 2017 because of increasing mortgage rates and shrinking consumer confidence that now is a good time to buy a home.

According to the Mortgage Bankers Association's Commercial/Multifamily Delinquency Report, delinquency rates for commercial and multifamily mortgage loans remained low in the third quarter of 2016.

According to Realtor.com's newly released U.S. housing market forecast for the coming year, the housing sector will be a year of slowing (but moderate growth) in 2017.

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in the U.S. fell 1.9 percent in October 2016

Led by impressive gains in both single-family and multifamily production, nationwide U.S. housing starts surged 25.5 percent in October 2016 to a seasonally adjusted annual rate of 1.32 million units.

The National Association of Home Builders is reporting this week that U.S. builder confidence in the market for newly built single-family homes held steady in November 2016.

The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased 14 basis points to a seasonally adjusted rate of 4.52 percent of all loans outstanding at the end of the third quarter of 2016.


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