Current Market Data

New Home Sales Rise Strongly in May, Up 29 Percent

New residential home sales were nothing but positive in May, with sales posting both monthly and yearly increases. The new construction market continued its recovery in May, with sales of new single-family homes rising 2.1 percent from April to

And the Nation's Top 10 New Construction Markets Are…

No industry was more affected by the housing slump than construction, but 10 markets in the U.S. have robust construction markets; is Chicago one of them? Though nearly every industry in the U.S. was impacted by the economic downturn,

4 Things We Learned From Last Week's Existing-Home Sales Report

NAR’s existing-home sales report for May, which came out last week, offered a very interesting glimpse at where housing is right now in its recovery. Last week’s existing-home sales report from the National Association of Realtors was a smorgasbord

4 Things We Learned From Last Week’s Existing-Home Sales Report

NAR’s existing-home sales report for May, which came out last week, offered a very interesting glimpse at where housing is right now in its recovery. Last week’s existing-home sales report from the National Association of Realtors was a smorgasbord

Boomerang Buyers Find Savings with Distressed Homes

According to Best Rate Home Loans, many metro areas, including Chicago, Miami and Boston, are outweighing the national market in their offerings of discounts on foreclosed homes. This comes at a time when the economy and housing market are returning

Existing-Home Sales Rise 4.2%, but Do Price Increases Pose Problems?

Though NAR’s latest existing-home sales report was, for all intents and purposes, quite positive, it reaffirmed that problems lie with inventory and prices. The latest existing-home sales report from the National Association of Realtors (NAR) was quite positive, with

Census Bureau: Housing Starts Soar 28.6 Percent in May

May was another sterling month for new construction, with housing starts rising by nearly 30 percent from the year before. The U.S.’ new construction marketplace continued to recover in May, with housing starts rising 28.6 percent year-over-year to a

Builder Confidence Hits Major Milestone in June

The National Association of Home Builders’ Housing Market Index hit a major milestone in June, passing the holy 50 threshold. June was a banner month for homebuilders, with the National Association of Home Builders’ Housing Market Index, the key

Young Americans Interested in Homebuying, Men More Likely Than Women

The latest Mortgage Marvel survey revealed that young Americans are interested in homebuying this year, and men are more likely to show interest than women. Even though mortgage rates increasing, it is not stopping young Americans from expressing an

Despite Mortgage Rates Increasing, Buying is Cheaper Than Renting

Mortgage rates may have increased by 0.5 percentage points percent in the past month, but buying a home is still less expensive than renting. Even though there has been a recent increase in mortgage rates (the 30-year fixed rate over

Negative Equity Improves by Leaps and Bounds in U.S.

The negative equity situation continued to improve by wide margins in the U.S. housing market, according to CoreLogic’s latest research. The U.S. housing market’s equity situation continued to improve in 2013’s first quarter, with roughly 850,000 homes returning to

Don't Fret – Rising Mortgage Rates are NOT the End the World

Though some headlines on rising mortgage rates have bared apocalyptic overtones, the housing market has some room to spare on rate increases. Mortgage have ticked up in recent weeks, and already, the doomsday headlines (many of them broadcasting the

Don’t Fret – Rising Mortgage Rates are NOT the End the World

Though some headlines on rising mortgage rates have bared apocalyptic overtones, the housing market has some room to spare on rate increases. Mortgage have ticked up in recent weeks, and already, the doomsday headlines (many of them broadcasting the

Fannie Mae Study Finds that Renters Aspire to Homeownership

Fannie Mae finds that though renters are satisfied with their home arrangements, many still hope to achieve homeownership. Owning versus renting is one of the more common debates in real estate, and the latest research from Fannie Mae delved

What Would YOUR Client Compromise On?

Sad as it may be, the perfect home does not exist – what features would your clients be most willing to give up? It would be nice if we lived in a perfect world. Money would grow on trees;

Consumer Confidence on Housing Reaches All-Time High

Consumer sentiment towards the housing market reached an all-time high in the Fannie Mae National Housing Survey in May. May was a banner month for consumers and the housing market, according to Fannie Mae’s National Housing Survey for the

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