Current Market Data

Lender sentiment turns positive as low rates spur demand

The trend toward lower mortgage rates doesn’t appear to be a short-lived phenomenon, and has already boosted loan application activity to historically high levels. As a result, lending industry executives are responding with their most optimistic outlook on the

Mortgage update: This week’s rates and application activity

Weekly mortgage applications rise most in four years The number of mortgage applications filed during the week ending June 7 grew nearly 27 percent over the prior week, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. That’s

Confidence in the US housing market grows

Two recent measures of Americans’ confidence in the national housing market improved in the last month, showing that more homeowners as well as consumers are generally feeling more optimistic about this key segment of the U.S. economy. One of

How and why your clients undertake remodeling projects

The eighth annual Houzz & Home Study revealed the trends, desires, budgets and challenges of homeowners taking on remodeling projects. These takeaways will help you assist clients who are looking to upgrade their living spaces. Spending stats and project

Home sales price behavior moderates as rates keep falling

A surge in demand for homes combined with a widespread shortage of supply caused home prices to surge beyond the reach of many buyers in the last year. Fortunately for prospective buyers and the U.S. housing market at large,

3 Indicators leading you into the summer market

It’s clear we’re in a transitional real estate market at the moment, but the destination isn’t quite as obvious. While this year has been notoriously difficult to predict in terms of home sales, there are three indicators that can

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Houston single-family home prices hit all-time high for month of April

Single family home sales in Houston peaked in April. Rebounding after a slow start in January, when sales fell 8.4%, Houston’s housing market is the strongest it’s been this year. According to the most recent report by the Houston

Home sales fall back to earth in March

After a strong nationwide rebound in February’s home sales figures, purchase activity resumed its downward trajectory in March. According to the National Association of Realtors’ existing-home sales report released April 22, completed transactions fell 4.9 percent between February and

Hispanics the only ethnic group with net growth in US homeownership

In the decade following the housing crisis, Hispanic and Latino populations accounted for the majority of growth in the U.S. homeownership rate, according to a recent report from the National Association of Hispanic Real Estate Professionals. The 2018 “State

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Houston is No. 2 for construction gains

Houston was ranked the No. 2 city in the country for construction gains, according to a recent article by realtor.com. Despite a nationwide slowdown in construction, Houston was one of several cities in the US that saw an increase

Consumer confidence in housing market surges

Surveys of American consumers continue to point to renewed optimism in the housing market. Fannie Mae’s Home Purchase Sentiment Index approached an all-time high reading in March, gaining five points over February to reach 89.8. This was driven by

Helping buyers understand credit scores

Even though you’re in the trenches every day, buying a house is a big deal for your clients. It requires many involved steps and processes that can seem overwhelming to any buyer. And one of the more intimidating steps

Will buyers rule the market this spring?

The coming spring season, when home sales usually take off, could be a great one for buyers as the stars align in their favor: Mortgage rates are low, inventory levels are higher and price growth has slowed. Already, home

Home sales surge ahead of spring

For real estate agents, spring may have arrived early this year. After a string of anemic reports through the winter, home sales numbers picked up across the U.S. in February. The National Association of Realtors reported that existing home

More Americans say now is a good time to buy a home

The state of the U.S. housing market has shifted rapidly in the last few months, but are consumers keeping up? A new survey from the National Association of Realtors makes the case that low mortgage rates and increased inventory

Global wealth growth could offset ultra-lux home glut

Not only are the rich getting richer around the world, more people are joining the illustrious ranks of high- and ultra-high net worth individuals. That’s according to the 2019 Wealth Report from Knight Frank, a real estate and financial

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