Economics Median Home Prices Hit Record High in July July became another month of record breaking numbers for the housing industry as median home prices shot up to a new all-time high. Home...
Economics First-Time Buyers May Pull Back as FHA Rates Rise, Mortgage Demand Drops Slightly Mortgage interest rates remain historically low, and demand remains high, but slight dips in mortgage applications to purchase a home may...
Sales Homeownership Rates Hit Highest Level Since 2008 Homeownership rates are now 67.9%—the highest rate since 2008 and the largest year-over-year increase ever. Last year, homeownership was at...
Economics Is a Foreclosure Crisis on the Horizon? When unemployment spiked, the Federal Housing Finance Agency put forth measures such as yearlong mortgage forbearance and a moratorium on...
Economics How Low Can Mortgage Rates Go? Just a few weeks ago, mortgage rates broke records by dropping just under 3%. Now at 2.87%, the average rate for the 30-year fixed is...
New-Home Sales New Home Sales Increase 14% from May to June New home sales in June towered over the previous month’s numbers, with a 14% gain compared to May. The estimated new home sales last month...
Leadership Lennon, Lincoln, and Leadership Strange days indeed. A reflection on U.S. history, leadership, and the unprecedented challenges we face today
Economics Prospective Buyers Are More Positive About Finding a Home Homebuyer predictions for housing availability have improved slightly compared to last year. In the second quarter of 2020, 63% of...
Sales Housing Demand Pushes Asking Prices Up 13% Home sellers have been setting higher prices, but buyers seem to have no issue with it. Housing supply was down 28% in the four-week period...
Economics Home Prices Predicted to Drop in Late 2020, 2021 Economists predict May 2021 to be the time for dropping home prices, a result of economic damage and concern over the government’s ability...