Source: Thompson Reuters US home sales fell more than expected in March as rising demand stoked by declining mortgage rates and slowing house price inflation continued to be frustrated by a lack of properties, especially in the lower-priced segment of the market. The report from the National Association of Realtors (NAR) on Monday could temper expectations of […]
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 […]
Student Debt Holds Back First-Time Homebuyers US student loan debt has become a significant barrier to home ownership in the United States, as borrowers imperil their finances simply trying to get through college or professional school. About 45-M Americans have student debt, and the average borrower owes more than $30,000, according to the data. More […]
US Pending Home Sales + 3.1% in February $DIA, $SPY, $QQQ, $VXX Americans are signing contracts to buy homes, and the pace is + 3.1%, rebounding from a drop in January. A continuing shortage of homes on the market continues to weigh on the housing market. The National Association of Realtors (NAR) said Wednesday that […]
US Home Values Gained $2-T Under President Trump in 2017 Your home value gains was robust this year in a good US housing market. The value of the entire US housing stock increased by 6.5%, or $2-T in 2017, according to a report from Zillow. All homes in the country are now worth a cumulative $31.8-T. The […]
US New-Home Sales Spikes 6.2% to 10 year Highs Americans bought new homes in October at the fastest pace in a decades, a 6.2% monthly increase that reflects both the underlying strength of the economy and a shortage of existing homes for sale. The Commerce Department said Monday that new-home sales last month rose to a seasonally […]
US Housing Market is Roaring Here is more evidence that the defining characteristic of the US housing market is a shortage of inventory for sale: Homes are sitting on the market for the shortest time in 30 years, according to an annual report on home-buyers and sellers published today by the National Association of Realtors. The […]