Pending Home Sales Index Points To A Budding Seller’s Market
The Pending Home Sales Index surged 10 percent in October as low mortgage rates and low home prices spurred buyers into action. The market looks different today, however.
A Simple Explanation Of The Federal Reserve Statement (December 14, 2010 Edition)
Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged within in its target range of 0.000-0.250 percent.
Housing Starts Data Much Better Than The Headlines Would Have You Believe
Newspaper stories can be misleading sometimes -- especially with respect to real estate. We saw a terrific example of this Wednesday.
As Buyer Foot Traffic Rises, So Does Homebuilder Confidence
According to the NAHB, October's HMI reading of 16 is its highest value in 5 months. The uptick hints that the market for newly-built homes may rebound more quickly that this summer's weak new homes sales figures would otherwise suggest.
New Home Housing Stock Drops To A 5-Month Low
After improving 1 percent in August, New Home Sales popped another 7 percent in September. It's no wonder homebuilder confidence is at a 5-month high.
Home Values Up 0.4 Percent In August, On Average
The Federal Home Finance Agency's data showed values up 0.4 percent nationwide, on average. Region-by-region, however, the results were scattered. Coastal states tended to perform poorly. Plains states tended to perform well.
Pending Home Sales Data Points To Higher Home Prices This Fall
Overall, buyers are being drawn into housing by low mortgage rates, affordable homes, and ample supply. If the August Pending Home Sales Index is foreshadowing the fall housing market, home prices appear slated to rise.
Jobs Data Shows Private Sector Growth, Hints At Lower Mortgage Rates
According to the government, 95,000 jobs were lost in September. Economists expected a net loss of 5,000. Mortgage rates should improve on the data today.
Home Sales Are Back On The Rise After A 2-Month Pullback
Just one week after reports of Existing Home Sales and New Home Sales plunging, the housing market signaled that the next few months may fare better than did May and June.
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.
A Simple Explanation Of The Federal Reserve Statement (August 10, 2010 Edition)
Today, in its first meeting in 6 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Fund Rate remains at a historical low, within a prescribed target range of 0.000-0.250 percent.
A Simple Explanation Of The Federal Reserve Statement (June 23, 2010 Edition)
Today, in its first meeting in 5 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Fund Rate remains within its target range of 0.000-0.250 percent.