Daily Rate Update: November 19th-23rd

Wednesday – November 21, 2018 The National Association of REALTORS® reports that Existing Homes Sales rebounded in October after six straight months of declines. Existing Homes Sales rose 1.4% from September to an annual rate of 5.22 million units, just … Read More

Daily Rate Update: November 13th-16th

Friday – November 16, 2018 U.S. Stocks are closing out the week the same way they came in… with extreme volatility. The Dow Jones Industrial Average traded as high as 26,000 with a low of 24,787. Stocks were influenced this … Read More

Daily Rate Update: November 5th-9th

Friday – November 9, 2018 Fannie Mae released its Home Purchase Sentiment Index (HPSI) for October this week showing a decline in sentiment despite a favorable U.S. economy. The HPSI fell 2 points in October to 85.7, continuing its recent … Read More

Daily Rate Update: October 29th-November 2nd

Friday – November 2, 2018 The job market continued to strengthen in October and rebounded after an ease in job growth in September due in part to severe weather on the East Coast. The Bureau of Labor Statistics reported that … Read More

It’s Just The Facts: October 2018

Housing Facts from October 2018 Half as many – US homebuilders started construction on 13.7M homes between 1998-2007, 1.3M per year. Between 2008-2017, only 6.1M started or 611,400 per year. – Census Bureau Equity – The average loan-to-value ratio in … Read More

Daily Rate Update: October 22nd-26th

Friday – October 26, 2018 The first read on third-quarter Gross Domestic Product (GDP) rose 3.5% versus the 3.3% though down from the frothy 4.2% seen in the second quarter. The 4.2% is very hard to achieve again given the … Read More

Daily Rate Update: October 15th-19th

Friday – October 19, 2018 The National Association of REALTORS® reports that Existing Home Sales declined 3.4% in September from August to an annual rate of 5.15 million units versus the 5.30 million expected. All four major regions of the … Read More

Daily Rate Update: October 9th-12th

Friday – October 12, 2018 Foreclosure activity continues to edge lower across the U.S. due in part to a strengthening economy and a strong labor market. ATTOM Data Solutions reported this week that foreclosure filings in the third quarter of … Read More

Daily Rate Update: October 1st-5th

Friday – October 5, 2018 And the survey says … 134,000 new jobs created in September, below the 184,000 expected. However, the Labor Department said, “Hurricane Florence affected parts of the East Coast during the September reference periods for the … Read More

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