New Home Sales Jump to 13-Month High

New Home Sales Jump to 13-Month High

New Home Sales exceed expectations again as existing home inventory continues to lag. By Arnie Aurellano While residential resales remain underwhelming, deals for new residences continue to surge, with sales for new single-family homes rising to a 13-month high in...
Mortgage Application Volume Boosted by Fed Comments

Mortgage Application Volume Boosted by Fed Comments

By: Jann Swanson, Wed May 10, 2023, 8:24 AM: The volume of mortgage applications increased last week for both home purchases and refinancing. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, increased 6.3 percent on a...
When Buying a Home Makes More Sense Than Renting

When Buying a Home Makes More Sense Than Renting

Wondering if you should continue renting or if you should buy a home this year? If so, consider this: Rental affordability is still a challenge and has been for years. That is because, historically, rents trend up over time. Data from the Census shows rents have been...
Inventory Woes Boost Home Prices

Inventory Woes Boost Home Prices

By: Jann Swanson  Wed, May 3 2023, 1:32 PM   While home prices continue to fall on an annual basis, new data from Black Knight indicates that the trend may not continue beyond the short term. The company’s March Mortgage Monitor shows its seasonally adjusted Home...