Current Market Data

HARP Refinancings Surged in 2012

The government’s Home Affordable Refinance Program, or HARP, started out as a terrific punchline. Though sincere in its aims, the program was saddled with overly restrictive requirements for the nation’s troubled borrowers, and very few were able to take

Freddie Mac Posts Record Multifamily Housing Business in 2012

Freddie Mac’s multifamily housing business increased dramatically in 2012, with the GSE posting its highest volume of multifamily housing business in its

Robert Shiller: Conan the Housing Contrarian

News regarding the housing market has been uniformly positive the last couple of weeks. New home sales in January hit their highest level since 2008. Negative equity is improving. Contract activity has been strong, and the mortgage markets continue

Will GSE Reform Actually Happen?

The Bipartisan Policy Center’s Housing Commission threw its hat into the GSE reform ring earlier this week, issuing a detailed report calling for a gradual, yet transformative, change to how the nation’s mortgage markets currently operate – and one

Zillow: Negative Equity in the U.S. Continues to Improve

The negative equity situation in the U.S. is one of improvement, reported real estate website Zillow, though there is still progress to be made. As Stan Humphries, Zillow’s chief economist, put it, the benefits of an improving equity situation are

Pending Home Sales Index Jumps 9.5 Percent in January

The Pending Home Sales Index from the National Association of Realtors rose 9.5 percent year-over-year in January, rising to its highest reading since April 2010 and boasting its 21st straight month of yearly

New Home Sales in January at Highest Level Since 2008

New home sales posted very encouraging numbers in January, rising 15.6 percent from December to January and 28.9 percent from January 2012, according to the latest analysis by the U.S. Census Bureau and the Department of Housing and Urban

Texas Home Prices Remain Solid in December Case-Shiller

Texas home prices remained on solid footing in the December Case-Shiller Home Price Indices from Standard & Poor’s, as prices in Dallas posted an increase of 6.5 percent year-0ver-year for the

With Housing Inventory Plummeting, Are We in a Seller’s Market?

There was much to like in last week’s existing-home sales report from the National Association of Realtors. Existing-home sales were up 9.1 percent from last year, median existing-home price was up 12.3 percent yearly, and most encouraging of all, distressed

Multifamily Housing Strong in January Architecture Billings Index

The multifamily housing market continued its strong performance in the American Institute of Architects’ (AIA) Architecture Billings Index, a leading economic indicator of future construction activity that is based on the billings from the nation’s architectural firms. For January, the

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