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New Home Mortgage Applications in U.S. Spike 16.1 Percent Year Over Year

New Home Mortgage Applications in U.S. Spike 16.1 Percent Year Over Year

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


U.S. Pending Home Sales Down Annually in September

U.S. Pending Home Sales Down Annually in September

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. Read More »

Three of Four Vacant Residential Properties in U.S. are Investment Homes

Three of Four Vacant Residential Properties in U.S. are Investment Homes

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. Read More »

Home Builder Confidence in U.S. Jumps Four Points in October

Home Builder Confidence in U.S. Jumps Four Points in October

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. Read More »


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Global Property Spotlight

Golfito Marina Village & Resort - (Costa Rica)

Golfito Marina Village & Resort - (Costa Rica)

Costa Rica's Newest Luxury Superyacht Destination Now Under Construction Read More »

Last Updated November 15, 2017 8:15 AM ET

Phoenix Property News

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.

Mortgage applications for new home purchases increased 15 percent compared to May 2016. Compared to April 2017, applications increased by 4 percent relative to the previous month.

According to Freddie Mac's latest Primary Mortgage Market Survey, the average mortgage rates hitting their lowest mark of the year in Mid-May 2017. 30-year mortgage rate fell 7 basis points this week.

According to the National Association of Home Builders, in a further sign that the U.S. housing market continues to strengthen, home builder confidence in the market for newly-built single-family homes rose two points in May.

Renters are starting to look for cheaper housing options outside downtown cores, prompting rent payments to rise faster in the suburbs than in urban areas.

According to Zillow, first-time homebuyers in the U.S. will have better luck in the Southeast if they are looking for a more affordable home.

According to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 5, 2017, mortgage applications increased 2.4 percent from one week earlier.

According to Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the average U.S. mortgage rate rose for the first time in five weeks in late April 2017.

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

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,

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.


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