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New homes are selling like it’s 2006 again

Housing Wire

million seasonally adjusted annual rate, according to the Department of Housing and Urban Development and the U.S. This is the fastest sales pace since September 2006. The post New homes are selling like it’s 2006 again appeared first on HousingWire. from February to a 1.02 Census Bureau. lower than March 2020.

Buyers 483
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The nation’s housing market is on a correction course

Housing Wire

Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experience over the past year, according to the recently released Federal Reserve Beige Book for July. The market is going to go into correction,” he said. “I

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Why is the El Paso housing market so hot right now?

Housing Wire

According to multiple real estate agents and mortgage brokers, low interest rates and a high percentage of “essential” jobs in their town has kept the housing market and local economy strong. rise in houses sold in the same timeframe – from 670 to 940. The post Why is the El Paso housing market so hot right now?

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Here’s why we won’t see a housing crisis after COVID-19

Housing Wire

Vaccine development is progressing with some promising early results. I already hear murmurs from the fear-mongering housing bears that once the forbearance plans expire, we can expect to see a collapse of the housing market in America like we haven’t seen since the bubble years. What can we expect post COVID-19?

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HECM program study assesses policy impacts of recent years

Housing Wire

Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. Researchers estimated that the Federal Housing Administration (FHA) incurred a net loss of approximately $10.4

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Sixth recession red flag raised, despite strong jobs report

Housing Wire

This week I presented my six recession red flag model to the Committee For Economic Development of The Conference Board (CED) — the committee that created the leading economic index. “Since its inception in 1942, CED has addressed national priorities to promote sustained economic growth and development to benefit all Americans.

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New home sales fell again in February

Housing Wire

Department of Housing and Urban Development and the U.S. Buyers are facing a housing market that looks to be as competitive as ever,” Handy said in a statement. As mortgage rates rise, all else held equal, house-buying power falls,” First American deputy chief economist Odeta Kushi said in a statement.