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Business Outlook Archive


New Home Prices Released by Metro Area and State

In response to frequent requests from its members, NAHB Economics recently released its estimates of new single-family home prices by state and metro area. The most expensive new single family homes are built and sold in three Northeastern states: Connecticut, Massachusetts and ...


30-Year Fixed Mortgage Rates Surge, Then Settle

The 30-year fixed mortgage rate on Zillow® Mortgage Marketplace is currently 4.03 percent, up five basis points from this time last week. The 30-year fixed mortgage rate steadily increased last week, spiking to 4.26 percent on Friday before declining to the current ...


International Homebuyers Continue to Invest in Profitable U.S. Market

Favorable exchange rates, affordable home prices and rising affluence abroad continue to drive international buyers to the U.S. to purchase properties and make real estate investments. ...


Americans Share Positive Housing Attitude

Consumer confidence in the housing market has trended upward significantly during the recovery but continues to be less than needed to return to "normal" housing levels, according to results from Fannie Mae’s June 2014 National Housing Survey. On average, consumers' 12-month home ...


Pending Home Sales Give a Drastic Push Forward

Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of REALTORS®. All four regions of the country saw increases in pending sales, with the Northeast and West experiencing the ...


Today’s Teenagers Will Rock Real Estate

Sea changes are in store for residential real estate ten years from now. Millions of new households will lift rental and starter home markets, half of the new families will be minorities and their ability to access mortgage finance will determine whether ...


Residential Construction Spending up 7.5 Percent from One Year Ago

The latest Census estimate of total private residential construction spending is 7.5 percent higher than one year ago. In particular, the release shows significant improvement in construction spending for the single-family and multifamily categories. ...


Recent Housing Growth a Sign of Long-Term Stability

According to Clear Capital’s most recent (HDI) Market Report and recent housing forecasts, it seems national home prices will be moderating over the next six months—only 0.9 percent growth forecasted. When all is said and done, Clear Capital expects to see 2014 ...


Pending Home Sales Surge in May

Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of REALTORS®. All four regions of the country saw increases in pending sales, with the Northeast and West experiencing the ...


Contract Rate on New Home Loans Dips Under 4 Percent

On average, mortgage interest rates declined in May, according to data released recently by the Federal Housing Finance Agency (FHFA). On conventional mortgages used to purchase newly-built homes, the average contract interest rate dropped by more than 30 basis points, from 4.19 ...


Existing-Home Sales Heat Up in May, Inventory Levels Continue to Improve

Existing-home sales rose strongly in May and inventory gains continued to help moderate price growth, according to the National Association of Realtors®. All four regions of the country experienced sales gains compared to a month earlier. ...


New-Home Sales Skyrocket in May

Sales of newly built, single-family homes rose 18.6 percent to a seasonally adjusted annual rate of 504,000 units in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the ...


Even as Inventory Surges in May, First-Time Homebuyers Remain Challenged

After plunging throughout 2012 and for much of 2013, and rising only modestly through the beginning of this year, the inventory of all for-sale homes nationwide spiked in May, jumping 11.8 percent year-over-year according to the May Zillow® Real Estate Market Reports. ...


Senator Johnny Isakson and David Eisenhower Confirmed to Speak at Broker Summit

NAR PULE—David Eisenhower has been added to the roster of speakers at the REALTOR® Broker Summit in Atlanta, GA. He is the grandson of General and President Dwight D. Eisenhower. Attendees will gain insight into the leadership qualities General Eisenhower needed ...


Northeast Dominates Monthly Price Increases

Homes.com recently released its April Local Market Index, a price performance summary of repeat sales in the top 100 markets, and the companion Midsize Markets Report for defined areas ranked from 101­300. Utilizing home pricing data, the Index shows year-­over-­year gains for ...


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