“The housing market is poised for further gains and is a key component of the U.S. recovery overall.” Projections in the Bloomberg. in new-home sales is an early signal that the recent jump in.
The weak new home sales pace is at odds with other data that have suggested the housing market recovery is back on track. New house sales data, however, is volatile month-to-month because of a.
Mortgage applications increase on higher purchase volume An increase in purchase activity drove the week-over-week rise in mortgage application volume as homebuyers entered the market while interest rates fell, according to the Mortgage Bankers Association.
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Pace of new-home sales suggests steady housing strength (Bloomberg) – U.S. purchases of new homes declined more than projected last month and were revised down in the prior period, showing the market returned to a less exuberant pace as the year drew to a close, according to government data Thursday.
Mortgage rates remain steady The increase in new home sales and mortgage activity comes just after reports that mortgage rates have remained around low levels last seen in November. Freddie Mac recently revealed that mortgage rates for a 30-year fixed-rate mortgage average 4.28 percent during the week ending Feb. 13.
Freddie Mac trims 2019 origination estimate but could rethink the move Monitoring key national housing and economic indicators – like those from Fannie Mae, Freddie Mac and the Mortgage Bankers Association (MBA) – is important in identifying potential economic changes and mortgage market trends. One such change is the forecast of total home sales.
As a result, monthly home sales will struggle to gain traction in the near term following two years of little to no transactional growth. Despite tight inventory: levels, overall home prices are accelerating at a subdued pace as buyers remain on the sidelines by not providing offers on marketed homes. Housing needs are then directed to apartments.
The U.S. housing market is. data Wednesday that showed sales of new homes were slightly less than forecast. Americans, taking advantage of low mortgage rates and confident in a strong job market.
"New-home sales in August effectively tied the pace they set in the previous month, when they were the strongest we’ve seen in more than two years — so this is really a continuation of the good news we’ve been getting on the housing front," said Barry Rutenberg, chairman . . .