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Latest New Home Sales, Inventory Data

Contracts for new home sales tumbled 14.5% from February to March, to a seasonally adjusted annualized rate of 384,000. This decline is a sharp acceleration of the declining trend that began last month. New home sales are 13.3% lower...

Always Important, Real Estate’s Influence Grows

The real estate industry has a significant role in the U.S. economy. Historically, real estate and related industries accounted for roughly 18% of GDP. While the economy slumped following the decline of the housing market, record low mortgage rates...

When the Sting of FHA’s Fees Becomes a Bite

The FHA has more than doubled its mortgage insurance premiums since 2010 and most recently eliminated the phase out of mortgage insurance on certain products. As a result, the private mortgage insurance industry has been able to recover and...

Latest Mortgage Applications Data

Seasonally adjusted applications to purchase homes rose 2.7% for the week ending April 4th, the 4th consecutive increase. The purchase index is 13.9% lower than the same time in 2013. Purchase applications appear to have bottomed relative to last...

Latest Mortgage Applications Data

Seasonally adjusted applications to purchase homes ticked upward 0.9% for the week ending March 28th, the 3rd consecutive increase. The purchase index is 17.3% lower than the same time in 2013. Purchase applications appear to have hit or are...