Phoenix
Real Estate News

U.S. Mortgage Credit Increased in June

U.S. Mortgage Credit Increased in June

According to a new report from the Mortgage Bankers Association, U.S. mortgage credit availability increased in June 2018. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. Read More »


41.5 Million Americans to Travel Memorial Day Weekend

41.5 Million Americans to Travel Memorial Day Weekend

According to AAA, more than 41.5 million Americans will travel this 2018 Memorial Day weekend, nearly 5 percent more than last year and the most in more than a dozen years. Read More »

 New Home Sales in U.S. Inch Down in April

New Home Sales in U.S. Inch Down in April

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, U.S. sales of newly built, single-family homes edged down 1.5 percent in April 2018 to a seasonally adjusted annual rate of 662,000 units after a downwardly revised March 2018 report. Read More »

U.S. Mortgage Bankers Closed Record $530 Billion in Commercial, Multifamily Loans in 2017

U.S. Mortgage Bankers Closed Record $530 Billion in Commercial, Multifamily Loans in 2017

U.S. commercial and multifamily mortgage bankers closed a record $530.1 billion of loans in 2017. Read More »


Global Property Spotlight

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

The town of Safety Harbor is a secret little hideaway known as the Jewel of Tampa Bay. Safety Harbor is neighbored by the major city of Clearwater, Florida. Read More »

Last Updated July 11, 2018 8:00 AM ET

Phoenix Property News

Over 64 million Americans live in multigenerational households, which is based on a report by the Pew Research Center, Washington, D.C.

According to Zillow, U.S. home values have been appreciating more per working hour than local minimum wage pays in about half of the nation's 50 largest cities.

Sales of newly built, single-family homes remained virtually unchanged, inching down 0.6 percent in February to a seasonally adjusted annual rate of 618,000 units after upward revisions to the January, December and November reports.

Median home prices in U.S. zip codes in the highest 20 percent for environmental hazard risk appreciated at a faster pace than the overall U.S housing market over the past year.

Pending home sales cooled considerably in January to their lowest level in over three years. All major regions experienced monthly and annual declines in contract signings last month.

U.S. builder confidence in the single-family 55+ housing market remained strong in the fourth quarter of 2017 with a reading of 71, up 12 points from the previous quarter. This is the highest reading since the inception of the index in 2008.

Mortgage applications for new home purchases in the U.S. increased 16.1 percent compared to October 2016.

According to the National Association of Realtors, U.S. pending home sales were unchanged in September, 2017 but activity declined on an annual basis both nationally and in all major regions.

Nearly 1.4 million (1,367,793) U.S. residential properties (1 to 4 units) were vacant as of the end of the third quarter of 2017 -- representing 1.58 percent of all U.S. residential properties.

According to the National Association of Home Builders/Wells Fargo Housing Market Index, U.S. builder confidence in the market for newly-built single-family homes rose four points to a level of 68 in October 2017. This was the highest reading since May 2017.

Mortgage Bankers Association Builder Applications Survey data for September 2017 shows mortgage applications for new home purchases in the U.S. decreased 7.5 percent.

A dip of 5.0 percent was recorded from its all-time high of 130 in June 2017 to 124 in July 2017. Still, the Demand Index was up 29.7 percent year over year. The Demand Index is adjusted for Redfin's market share growth.

According to Zillow, nearly one in 20 residential ZIP codes in the U.S. meets the definition of a $1 Million Neighborhood, meaning at least 10 percent of the homes there are worth seven figures or more.

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).

According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. mortgage rate dropped in mid-July, after two straight weeks of increases.

According to new consumer spending analysis from the National Association of Home Builders, newly minted homeowners are helping drive a healthy U.S. economy. In their first year of ownership.

According to Freddie Mac's latest Primary Mortgage Market Survey, the average 30-year fixed mortgage rate in the U.S. dropped to a new 2017 low in late June.

Newly released data shows sales of newly built, single-family homes in May 2017 rose 2.9 percent to a seasonally adjusted annual rate of 610,000 units after an upwardly revised April reading.


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