Freddie Mac's monthly Multi-Indicator Market Index (MiMi) improved 0.35 percent month-over-month in November to a reading of 74.7, the company reported Wednesday. A reading between 80 and 120 is considered to be a sign of a stable market.
Read More »Homebuyer Demand Heats Up January Housing Market
Early January indicators suggest the housing market got off to a strong start in 2015, with inventory growth and increased demand driving growth in what's usually a chilly month for the sector.
Read More »Mortgage Apps Slip as Interest Rates Rise
The Mortgage Bankers Association reported Wednesday that total application activity, including purchase and refinance numbers, fell 3.2 percent on a seasonally adjusted basis for the week ending January 23. The decline also included an adjustment for the Martin Luther King holiday.
Read More »Government ‘Price War’ Pushes Mortgage Risk Up
In its latest National Mortgage Risk Index (NMRI), the American Enterprise Institute's (AEI) International Center on Housing Risk estimated that 11.84 percent of agency purchase loans would be at risk of default should the economy see another crisis in the near future.
Read More »Consumer Confidence Rises on Brighter Job Expectations
The Conference Board said Tuesday that its monthly Consumer Confidence Index rose to 102.9 this month from an upwardly revised 93.1 in December. According to the group, January's reading was the highest since August 2007, when the index was at 105.6.
Read More »New Home Sales Jump in December
The Commerce Department estimated Tuesday that new home sales in December were at a seasonally adjusted annual rate of 481,000, a jump of 11.6 percent from November's downwardly revised sales rate of 431,000. Economists had expected a smaller increase in sales to a rate of 452,000.
Read More »Home Price Growth Slows Further in Latest Case-Shiller Reading
The S&P/Case-Shiller Home Price Indices, released Tuesday, shows house prices across all nine of the country's census divisions fell 0.1 percent from October to November. The narrower 10- and 20-city composite indices also dipped, dropping 0.3 percent and 0.2 percent month-to-month, respectively.
Read More »November Home Prices Barely Up in Latest Index
Black Knight Financial Services reported Monday that its Home Price Index (HPI) rose 0.1 percent month-over-month in November to a value of $241,000. Compared to a year ago, November's index was up 4.5 percent.
Read More »Forecast Calls for Small Bump in January Existing-Home Sales
Based on company transactional data and Google search activity, Auction.com predicted Monday that existing-home sales in January will come in at a seasonally adjusted annual rate of 5.06 million, just slightly above the National Association of Realtors' (NAR) December estimate of 5.04 million.
Read More »Home Prices Flatten in Alternate November Index
National home prices remained largely unchanged in the fall, according to the latest FNC Residential Price Index report. After 30 months of growth in the national housing market, prices dropped off in October and stayed virtually the same in November.
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