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Global Luxury Home Price Growth Damped by Economic Uncertainty in Q2

Global Luxury Home Price Growth Damped by Economic Uncertainty in Q2

Knight Franks' latest Prime Global Cities Index, which tracks the movement in luxury residential prices across 46 International cities, increased by 1.4% in the year to June 2019, up marginally from 1.3% in March 2019 but still significantly lower than its four-year average of 3.8%. Read More »


Mortgage Credit Availability in the U.S. Dips in July

Mortgage Credit Availability in the U.S. Dips in July

The Mortgage Bankers Association is reporting that U.S. mortgage credit availability decreased in July 2019, according to their most recent Mortgage Credit Availability Index (MCAI). Read More »

U.S. Mortgage Rates Significantly Decline in Early August

U.S. Mortgage Rates Significantly Decline in Early August

According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage rate in the U.S. averaged 3.60 percent in the first week of August 2019, the lowest it has been since November 2016. Read More »

Residential Mortgage Applications Uptick in Late July

Residential Mortgage Applications Uptick in Late July

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending August 2, 2019, U.S. mortgage applications increased 5.3 percent from one week earlier. Read More »


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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 August 16, 2019 8:00 AM ET

Washington D.C. Property News

According to Freddie Mac's latest Primary Mortgage Market Survey, U.S. 30-year fixed-rate mortgage rates sat at 3.75 percent in late July 2019.

The Federal Reserve cut its federal funds rate today by 25 basis points (bps) to a range of 2.0% to 2.25%. This cut represents a marked change in the direction of monetary policy in the first half of 2019.

According to Freddie Mac's latest Primary Mortgage Market Survey, U.S. mortgage rates dropped across the board after rising slightly last week.

According to the U.S. Census Bureau, the national vacancy rates in the second quarter 2019 were 6.8 percent for rental housing and 1.3 percent for homeowner housing.

Marking the one-year anniversary of the White House executive order on workforce development this week, Greg Ugalde, chairman of the National Association of Home Builders issued the following statement

Existing-home sales in the U.S. weakened in June 2019, as total sales saw a small decline after a previous month of gains. While two of the four major U.S. regions recorded minor sales jumps, the other two - the South and the West - experienced greater declines last month.

According to the latest National Association of Home Builders Remodeling Market Index (RMI), the second quarter of 2019 posted a reading of 55, rising one point from the previous quarter with 54.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending July 12, 2019, mortgage applications in the U.S. decreased 1.1 percent from one week earlier. Last week's results included an adjustment for the Fourth of July holiday.

The Mortgage Bankers Association latest Builder Application Survey for June 2019 shows U.S. mortgage applications for new home purchases increased 17.9 percent compared from a year ago.

According to Freddie Mac's latest Primary Mortgage Market Survey, after declining for most of 2019, U.S. mortgage rates remained mostly unchanged this first week of July. The recent stabilization in mortgage rates reflects modestly improving U.S. economic data.

According to a new report from the Mortgage Bankers Association, U.S. mortgage credit availability increased in June 2019, based on their the Mortgage Credit Availability Index (MCAI). The MCAI rose 0.2 percent to 189.8 in June.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending June 28, 2019, mortgage applications decreased 0.1 percent from one week earlier.

According to Freddie Mac's latest Primary Mortgage Market Survey, U.S. mortgage rates stabilized in early July 2019, after trading within a narrow range over the last month.

According to global real estate consultant JLL, although the US-China trade war has cast a shadow over Hong Kong's economy, the industrial property market continues to be a bright spot.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending June 21, 2019, mortgage applications increased 1.3 percent from one week earlier.

The U.S. real estate industry is giving President Trump rave reviews for signing his new Housing Affordability Executive Order this week.

According to a new report from The American Institute of Architects (AIA), demand for design services in May 2019 remained essentially flat in comparison to the previous month. AIA's Architecture Billings Index (ABI) score for May 2019 showed a small increase in design services.

U.S. mortgage applications for new home purchases increased 20.1 percent compared from a year ago. Compared to April 2019, applications increased by 0.1 percent.


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