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Tag Archives: Housing Market

Slow Q1 Does Not Change Fannie Mae’s 2015 Forecast for Economic Growth

Purchase mortgage applications rebounded sharply in April from a recent slowdown, reaching their highest level in almost two years, marking the second monthly surge in purchase apps this year. Combined with continued low mortgage rates, the rise in purchase apps could indicate a strong homebuying season in the spring and summer.

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Housing Market ‘Steady to Improving’ Across Most Fed Districts in Beige Book

Fed

Most Fed districts reported improvement in residential real estate, namely Cleveland, Richmond, Chicago, Minneapolis, Kansas City, Dallas, and San Francisco. The remaining districts reported steady residential real estate activity, except for New York, which said conditions were softening. Construction activity slowed in Philadelphia, Cleveland, Atlanta, and Dallas due to harsh winter weather conditions.

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Report: Housing Market is Healthiest Since 2001

According to data, none of the housing markets in the nation’s largest 40 metros are in negative territory, and only six of them are even neutral. The healthiest housing markets in the nation are in Pittsburgh, Cleveland, and Philadelphia. Only two metros in the nation are in negative territory (Bismarck, North Dakota and Atlantic City, New Jersey), and even these are nearly in the neutral zone.

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Freddie Mac: Housing Market Weak But Continues to Stabilize

The latest Multi-Indicator Market Index (MiMi) from Freddie Mac, released Wednesday, showed that the U.S. housing market showed continued stabilization for the fourth straight month in December. According to the latest MiMi, 38 states plus the District of Columbia and 40 out of 50 metros showed an improving three-month trend in December. The metro areas of Buffalo, Boston, and Nashville, all entered their "benchmark stable" ranges of housing activity.

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