With home prices holding firm and mortgage rates still dropping, home affordability is reaching new heights.
Category Archives: Housing Analysis
New Home Sales Drop In July — Just Like Existing Home Sales
Although new home inventory actually dropped 2,000 units in July, the slowing sales pace still managed to push the national supply higher by 1.1 months. At July’s rate of sales, the nation’s new home inventory would be exhausted in just about 9 months.
Existing Home Sales Plummet In July; Home Buyers Gain Leverage
The number of home resales plunged by 1.4 million units in July. Home buyers may uncover opportunities for a deal.
Single-Family Housing Starts Fade In July
Sometimes, you need to look deeper than the headlines to get the news that matters. This basic truth’s latest example comes from the July Housing Starts data, as published by the U.S. Census Bureau.
Home Builder Confidence Falls Again; Home Buyers Gain Leverage?
After reaching a 3-year high just 90 days ago, the National Association of Homebuilders’ Housing Market Index is now at a multi-year low after falling by almost half.
How Big Is The Foreclosure Market? It Depends On Where You Live, Of Course.
Foreclosure filings rose 4 percent nationwide last month versus June, according to foreclosure-tracking firm RealtyTrac.com. For the 17th straight month, total filings topped 300,000. 6 states dominated activity levels.
Home Values Within 12.5 Percent Of April 2007 Peak, Nationwide
According the Federal Home Finance Agency’s Home Price Index, home values are now just 12.5 percent off their April 2007 peak nationwide. This after a half-percent monthly increase in prices in May,on average.
As The Pending Home Sales Index Falls, Home Buyers See Dollar Signs
June’s Pending Home Sales Index is weak by most measures, but if you’re a home buyer, the headlines aren’t so bad. Fewer home sales can push negotiation leverage to the buy-side of a transaction.