New Home Sales

January 25, 2024 New home sales rebounded by 8.0% in December to 664 thousand after having fallen 9.0% in November.   While obviously volatile on a month-to-month basis, new home sales reached a low point in the middle of last year, but have risen somewhat since...

Homeownership Rates

May 17, 2023 Home ownership rose 0.1% in the first quarter to 66.0 after having declined 0.1% in the fourth 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 Loans

May 17, 2023 Real estate loans rose at a 1.7% annual rate in April after climbing at a 3.7% pace in March and 8.9% in February.  The year over year growwth rate is 10.1%.  Thus, real estate loans had been growing at a solid double-digit pace through February, but they...

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...