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Author Archives: ScottMorgan1

Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He's been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing.

Consumer Sentiment Rebounds

Fannie Mae’s newest Home Purchase Sentiment Index report shows overall consumer confidence back to where it was in February. More people are bullish on buying and more feel safer in their jobs. And more than ever, survey respondents feel better about getting a mortgage today.

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Americans Not Optimistic About Their Debts

A new study from Northwestern Mutual paints a dim view of American debt. While mortgages make up the largest share of monthly debts, credit cards and student expenses aren’t far behind. And plenty of Americans expect long-term debt in their futures.

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Fannie Reports Large Drop in Income in Q1

Fannie Mae’s first quarter net income was down sharply from that in Q4. Gains in risk management derivatives were overshadowed by smaller increases in interest rates and less income from fees. Lower refinancing activity also contributed to the smaller bottom line.

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Confidence in Housing Steady, but Shaking

Americans by and large are confident in the housing market. But a new survey by ValueInsured shows some fissures in the foundation. Slowly and quietly, more Americans are having their doubts about buying a home this year.

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Home Prices March Ever Higher

Markets in the West led national housing price gains over the year. CoreLogic’s latest Home Price Index shows that March prices rose steadily from February and sharply from a year ago. And prices should keep rising through the next 12 months.

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Seller Confidence Gets a Boost

A solid March selling season has left sellers feeling pretty confident. A new report by Redfin finds sellers increasingly see themselves with more leverage in a sale. But not everyone thinks the tactics sellers are using are the smartest ones.

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Tight Inventory Disrupts Pending Sales

Tight inventory and stiff competition for homes proved disruptive to pending sales in March, according to a new report by the National Association of Realtors. Pending sales activity dropped by nearly a percent since February. But overall activity is still soaring, and in most markets is up from where it was a year ago. Which might or might not be a good thing.

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Buyers Looking to Leave Expensive Metros

A new report by Redfin shows a sizeable number of people in expensive coastal cities want to move to more affordable cities. And while California is losing more people than any other state, Florida seems to be gaining in domestic expats. Meanwhile, buyers in Chicago don’t seem eager to leave the city.

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March Sales Soared. But Is It Sustainable?

Existing home sales in March took off at a pace not seen in a decade. But while that sounds like good news, not everyone thinks March’s uptick is a sign of great growth. The rub: Inventory is still low.

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