According to the S&P Case-Shiller 20-City Home Price Index, home price growth in May dropped to a seasonally adjusted annual rate of 5.20 percent as compared to April’s reading of 5.40 percent. Analysts said that low mortgage rates continue to support housing markets, but also noted that affordability due to rising home prices is sidelining some would-be buyers. High demand for homes coupled with slim supplies of available homes have driven prices up for months; analysts said that “tentative signs” of slower gains in home prices were seen.
What’s Ahead For Mortgage Rates This Week – May 31, 2016
May 31, 2016 by
Last week’s economic reports included new home sales, pending home sales along with weekly mortgage rates and new jobless claims.
What’s Ahead For Mortgage Rates This Week – December 28, 2015
December 28, 2015 by
This week’s report of economic events is shortened due to the Christmas holiday. Economic news through Wednesday included Existing Home Sales, New Home Sales and Consumer Spending.
What’s Ahead For Mortgage Rates This Week – September 28, 2015
September 28, 2015 by
Last week’s scheduled economic news included reports on new and existing home sales, the FHFA House Price Index, and weekly reports on mortgage rates and new jobless claims. The week finished with a report on consumer sentiment.
What’s Ahead For Mortgage Rates This Week – March 30, 2015
March 30, 2015 by
Last week’s economic reports included reports on new and existing home sales and FHFA’s monthly home price index for properties associated with Fannie Mae and Freddie Mac mortgages. The details:
DOC New Home Sales and NAR Existing Home Sales
August 26, 2014 by
The Department of Commerce reported July sales of new homes dropped by 2.40 percent over June to a four month low. Analysts noted that although July’s reading of 412,000 new homes sold fell short of expectations and June’s reading, the new homes sector is volatile and subject to change.
New Home Sales Remain Elevated Into Q4 2012
November 29, 2012 by
According to the Commerce Department, New Home Sales slipped 1,000 units last month, falling to 368,000 units on a seasonally-adjusted, annualized basis.
What’s Ahead For Mortgage Rates This Week : October 29, 2012
October 29, 2012 by
Pricing for both conforming and FHA mortgage rates improved between Monday and Friday, with the majority of gains occurring late in the week.
New Home Supply Remains Firmly In “Seller’s Market” Territory
October 26, 2012 by
According to the U.S. Census Bureau, the number of new homes sold jumped to 389,000 units in September 2012 on a seasonally-adjusted, annualized basis.
