Existing Home Sales

November 18, 2022 Existing home sales fell 5.9% in October to 4,430 thousand after having declined 1.5% in September and 0.8% in August.  In fact, this is the ninth consecutive decline in sales since reaching a peak in January at 6,490 thousand.  Clearly home sales...

Homeownership Rates

August 4, 2022 Home ownership rose 0.4% in the second quarter to 65.8 after having declined 0.1% in the first quarter.  Homeownership had been rising gradually for several years before the pandemic hit.  It jumped 2.6% in the second quarter of 2020 to 67.9, but has...

Mortgage Rate

February 3, 2021 Once the recession began in December 2007 the Fed tried to stimulate the economy and ultimately pushed the funds rate almost to 0%.  It remained at that record low level until December 2015 .Right after the election in November 2016 mortgage rates...

Mortgage Loans

March 6, 2020 Real estate loans rose at a 4.1% annual rate in April.  That apparent strength reflects strength in home sales earlier in the year.  However the Consumer Financial Protection Agency reported that mortgage loan inquiries fell 27% in March so mortgage...