Author Archive

Local Market Reports: Job Creation

Despite a soft patch in the fall of 2013, job creation reversed course and pressed upward this spring and summer.  Of the more than 170 markets currently tracked by NAR Research, 85% had a stronger level of employment in...

The Latest Housing Starts

Total housing starts surged 15.7% from June to July to 1.093 million in July.  This is the highest pace since November of 2013.  The bulk of the increase came from the multifamily sector, but there was solid growth on...

Prices Ease to Stable Growth

Median price growth improved in 122 of 173 markets in the 2nd quarter of 2014.  Salem, Oregon surged 24.9% on a year-over-year basis followed by Eugene.  With the exception of Lansing and Charlotte, markets in the California, Nevada, and...

Fed Survey Shows Improvement and Caution

Summary: Fed survey shows growing prime lending, but weak elsewhere Lenders cautious after implementation of new rules; more caution in jumbo and non-traditional space Consumer costs in general have risen due to compliance costs Lending would be tighter without...

Lenders Note Impact of Higher FHA Fees

The mortgage market was buffeted by a number of changes in 2013 and 2014 among them higher fees at the FHA. NAR Research’ s second Survey of Mortgage Originators includes questions about the impact of changes to the FHA...