National News

Pending-home sales return to negative territory in November

“There was less pending home sales action this time around, which I would ascribe to low housing supply, but also to buyers being hesitant about home prices,” National Association of REALTORS® chief economist Lawrence Yun said.

New-home sales soar 12.4% in November

The median sales price of new homes hit a new high of $416,900.

NAR: Existing-home sales post third monthly gain in a row

The median existing-home sales price for all housing types rose again on an annual basis, marking 117 consecutive months of gains.

Houston housing market maintains momentum in November

“The market is roaring along, with only half the seasonal slowdown we typically see from October to November.” — RE/MAX LLC President Nick Bailey

Zillow, Down Payment Resource partner to provide down-payment assistance to homebuyers

The partnership will help potential homeowners find down-payment assistance programs to make homeownership more attainable, especially for first-time buyers.

LoanSnap closes home loan in less than 24 hours

LoanSnap said it used  its innovative AI technology, affectionately called Nell, to close the loan in the record-breaking amount of time.

New-home construction ramps up in November as demand stays high

“November’s housing starts report signals strength for the housing market.”  — First American deputy chief economist Odeta Kushi

NAR: 2022 to bring rising interest rates and slower inflation, home-price growth

In unveiling its predictions, the National Association of Realtors also released its top 10 housing-market “hidden gems” for 2022.

Builder confidence rises again in December despite inflation fears, production bottlenecks

“While 2021 single-family starts are expected to end the year 24% higher than the pre-Covid 2019 level, we expect higher interest rates in 2022 will put a damper on housing affordability.” — NAHB chief economist Robert Dietz

Mortgage applications rise in latest survey, as rates decline for the first time in a month

The decline in mortgage rates prompted an uptick in refinancing, with government refinances increasing more than 20% over the week, MBA associate vice president of economic and industry forecasting Joel Kan said in a press release.

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