Existing Home Sales

July 23, 2019 Existing home sales felll 1.7% in June to 5,270 thousand after having risen 2.9% in May.  Sales currently are 1.7% below where they were at this time last year. Lawrence Yun, NAR chief economist said that “Home sales are running at a pace similar...

Pending Home Sales

June 27, 2019 Pending home sales rose 1.1% in May to 105.4 after having declined 1.5% in April.   In the past year pending home sales have dropped 0.7%. Lawrence Yun, NAR chief economist noted that  “Rates of 4% and, in some cases even lower, create extremely...

Case Shiller Index of Home Prices

June 25, 2019 Case Shiller Index of Home Prices in 20 cities rose 0.8% in April after having climbed 0.7% in March.   Five years ago home home prices were rising at a 10.5% rate, but they have slowed and over the course of the past year home prices have risen 2.5%. ...

Mortgage Rate

March 29, 2019 Right after the election in November 2016 mortgage rates  jumped quickly from 3.5% to 4.2% as market participants believed that President Trump’s proposed individual and corporate income tax cuts.  repatriation of corporate earnings currently...

Mortgage Loans

March 22, 2019 Real estate loans rose at a 3.9% pace in February  after having climbed 4,4% in January (the light blue bars).   Over the course of the past year mortgage lending has risen 2.9% (the dark blue line). While mortgage lending has been sluggish total loan...

Homeownership Rates

March 22, 2019 Home ownership continued to climb in the fourth quarter.  It rose 0.4% in that quarter after having  climbed 0.1% in the third quarter.  It hit a low of 62.9% in the second quarter of 2016 but has been climbing steadily for the past 2-1/2 years. The...