US Mortgage Rates Fall, Home Sales Rise

US Mortgage Rates Fall, Home Sales Rise

More Americans signed contracts to buy homes in January as lower mortgage rates gave the real estate market a boost. The National Association of Realtors (NAR) said Wednesday its pending home sales index rose 4.6% last month to 103.2. The rebound has come as average 30-year mortgage rates have fallen since peaking at nearly 5% in early […]

US Homebuilder Sentiment Tops Forecasts

US Homebuilder Sentiment Tops Forecasts

The sentiment among US homebuilders rose in February for a 2nd month runnning exceeded all forecasts, as lower mortgage rates and a strong labor market help stabilize demand. The National Association of Home Builders/Wells Fargo Housing Market Index rose to 62 from 58 amid broad improvement on gauges of sales, expectations and buyer traffic, data released Tuesday […]

US Home Mortgage Applications Mark 11-Month Highs

US Home Mortgage Applications Mark 11-Month Highs

The number of US consumers who applied for loans to buy a home and to refinance 1 rose to an 11-month high last week, signaling that the recent drop in interest rates is reviving housing activity, the Mortgage Bankers Association said in a report Wednesday. The Washington-based industry group’s seasonally adjusted gauge on mortgage applications increased 13.5% […]

US Housing Market: April S&P Case-Shiller 20-City Index + 6.6%

US Housing Market: April S&P Case-Shiller 20-City Index + 6.6%

US Housing Market:April S&P Case-Shiller 20-City Index + 6.6% US home prices rose in April from a year earlier, lifted by bidding wars in many cities where would-be buyers fought over a sparse supply of homes. The S&P CoreLogic Case-Shiller 20-City home price index +6.6% from a year earlier, led by gains in Seattle, Las Vegas and San […]

Dubai Property Market Sentiment Worse Than Last Year

Dubai Property Market Sentiment Worse Than Last Year

Dubai Property Market Sentiment Worse Than Last Year The Core Savills reveals that there were misconceptions about oversupply in the emirate but rents could continue to soften. Only about 33% of people in Dubai believe the Emirate’s property market has shown signs of recovery, indicating worse sentiment than last year, according to a survey by […]

Tight Market Governing US Housing Recovery

Tight Market Governing US Housing Recovery

Tight Market Governing US Housing Recovery The US housing market, a Key economic driver, is very tight, with supply struggling to meet demand as the sector recovers a decade after the housing crisis. But persistent pent-up demand among would-be homeowners could cause builders to boost construction, helping to ease pressure on the market for new […]

A Troubling Story: “The US has Become a ‘Renter Nation'”

A Troubling Story: “The US has Become a ‘Renter Nation

A Troubling Story: “The US has Become a ‘Renter Nation’” A troubling story is  playing out across they USA in the 10 years since the housing bubble peaked and burst in a horrific crash. As real estate has risen, homeowners are thriving and renters struggle. For many longtime owners, times are good. They are enjoying […]