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New Home Mortgage Applications in U.S. Spike 20.1 Percent Annually in May

New Home Mortgage Applications in U.S. Spike 20.1 Percent Annually in May

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. Read More »


Mortgage Credit Availability in U.S. Increased in May

Mortgage Credit Availability in U.S. Increased in May

Based on new data from the Mortgage Bankers Association, U.S. mortgage credit availability increased in May 2019 according to the Mortgage Credit Availability Index (MCAI). The MCAI rose 1.9 percent to 189.5 in May. Read More »

Mortgage Applications Rise as Rates Continue to Drop in U.S.

Mortgage Applications Rise as Rates Continue to Drop in U.S.

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending May 31, 2019, U.S. mortgage applications increased 1.5 percent from one week earlier. This week's results included an adjustment for the Memorial Day holiday. Read More »

Profits Are Up for Independent Mortgage Banks in 2019

Profits Are Up for Independent Mortgage Banks in 2019

U.S. independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $285 on each loan they originated in the first quarter of 2019. 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 June 14, 2019 8:05 AM ET

Washington D.C. Property News

As the National Association of Home Builders celebrate National Homeownership Month in June 2019, U.S. home builders are urging Congress to address America's housing affordability challenges.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending May 24, 2019, U.S. mortgage applications decreased 3.3 percent from one week earlier.

U.S. pending home sales declined in April 2019, a modest change from the growth seen a month before. Only one of the four major regions - the Midwest - experienced growth, while the remaining three regions reported a drop in their respective contract activity.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending May 17, 2019, U.S. mortgage applications increased 2.4 percent from one week earlier,

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes fell 6.7 percent to a seasonally adjusted annual rate of 673,000 units in April 2019 after a sharp upwardly revised March 2019 report.

This week the National Association of Home Builders called on the U.S. Congress to focus on improving the older homes, structures and infrastructure that are less resilient to natural disasters.

U.S. home builders nationwide approve of President Trump's decision to remove tariffs on certain building materials imported into the U.S. from Canada and Mexico.

Total U.S. housing starts rose 5.7 percent in April 2019 to a seasonally adjusted annual rate of 1.24 million units from an upwardly revised reading in March 2019.

According to the latest quarterly report by the National Association of Realtors, U.S. housing inventory increased and metro market prices rose in the first quarter of 2019, but at a slower pace than the previous 4th quarter of 2018.

According to the National Association of Realtors, existing-home sales in the U.S. retreated in March 2019, following February's surge of sales. Each of the four major U.S. regions saw a drop-off in sales, with the Midwest enduring the largest decline last month.

The Mortgage Bankers Association is reporting in its Annual Mortgage Bankers Performance Report that Independent mortgage banks and mortgage subsidiaries of chartered U.S. banks made an average profit of $367 on each loan they originated in 2018, down from $711 per loan in 2017.

Based on new data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending May 3, 2019, mortgage applications in the U.S. increased 2.7 percent from one week earlier.

According to the National Association of Realtors, pending home sales in the U.S. rose in March 2019, reversing course from a month prior. Three of the four major regions saw growth last month, as the Northeast reported a minor slip in contract activity.

House Financial Services Committee Chairwoman Maxine Waters commended for proposing draft legislation to address housing affordability crisis.

According to HUD, the U.S. national vacancy rate in the first quarter 2019 was 7.0 percent for rental housing and 1.4 percent for homeowner housing. The rental vacancy rate of 7.0 percent was virtually unchanged from the rate in the first quarter 2018.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending April 19, 2019, Mortgage applications decreased 7.3 percent from one week earlier.

According to Freddie Mac's latest Primary Mortgage Market Survey, fixed mortgage rates in the U.S. posted a fourth consecutive week of increases. Despite the recent rise in mortgage rates, both existing and new home sales continue to show strength.

According to a report from the U.S. Housing and Urban Development and Commerce Department, total housing starts fell 0.3 percent in March 2019 to a seasonally adjusted annual rate of 1.14 million units from a downwardly revised reading in February 2019.


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