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| Pending Home Sales Data Scores Some Points, But Not Enough to Change The Game | ||
| 6/27/2025 10:36 AM | ||
| The National Association of Realtors" Pending Home Sales Index (PHSI)—which tracks contract signings on existing homes—has remained rangebound for more than two years, constrained by affordability pressures and elevated mortgage rates. This week’s update showed a modest improvement, but the broader story hasn’t changed. Pending home sales rose by ...Read More | ||
| New Home Sales Drop to Lower End of Range After Hitting The Highs Last Month | ||
| 6/27/2025 10:06 AM | ||
| New Home Sales fell sharply in May according to the latest report from the U.S. Census Bureau and HUD. After a brief surge in April, the seasonally adjusted annual pace dropped to 623,000—down 13.7% from April"s revised reading of 722,000 and 6.3% lower than the same month last year. When last month"s data originally came out, the annual pace of 74...Read More | ||
| Mortgage Applications Buoyed by FHA Refis | ||
| 6/27/2025 9:48 AM | ||
| Mortgage application activity moved slightly higher last week despite a modest uptick in rates, according to the Mortgage Bankers Association’s (MBA) latest survey. The Composite Index rose 1.1% on a seasonally adjusted basis for the week ending June 20, with a small gain in refis offsetting a minor decline in purchase activity. Results included an...Read More | ||
| Existing Home Sales Tick Up Slightly, but Remain Near 6-Month Lows | ||
| 6/27/2025 9:34 AM | ||
| Two months ago, existing home sales reached the highest levels in a year according to the National Association of Realtors. Last month’s report showed a noticeable dip to 5‑month lows. The latest data, released June 23, is more subdued. Sales held near 6‑month lows in May, with a seasonally adjusted annual rate of 4.03 million—essentially unchan...Read More | ||
| Home Prices Fell More Than Expected in April | ||
| 6/24/2025 2:00 PM | ||
| Both the FHFA and Case‑Shiller home price indices were released today. While the data collection time frame is from April, they each suggest a similar shift is underway when adjusting for seasonality. Specifically, if we ignore seasonality, prices rose. If we don"t, they were down 0.4% from March. FHFA House Price Index (seasonally adjuste...Read More | ||
| Housing Starts Slide in May, But Single-Family Holds Steady | ||
| 6/20/2025 1:08 PM | ||
| The latest Residential Construction report from the Census Bureau showed a noticeable drop in overall housing starts in May, though single-family activity managed a small gain. Building permits also declined, continuing a trend of slight cooling in new construction momentum. As usual, the market focuses most on building permits and housing star...Read More | ||
| Mortgage Applications Slip Despite Lower Rates | ||
| 6/20/2025 12:32 PM | ||
| Mortgage application activity declined modestly last week despite a drop in rates, according to the Mortgage Bankers Association’s (MBA) latest survey. The Composite Index fell 2.6% on a seasonally adjusted basis for the week ending June 13, with both purchase and refinance activity posting week-over-week declines. “Even with lower average mortgag...Read More | ||
| Homebuilder Sentiment Just a Bit Gloomier | ||
| 6/20/2025 12:23 PM | ||
| Builder sentiment declined for the second straight month according to the National Association of Homebuilders (NAHB) and Wells Fargo"s latest Housing Market Index (HMI). The headline index dropped two points to 32 in June, marking another step down toward the post-pandemic lows seen in 2023. All three components of the index moved lower: C...Read More | ||
| Purchase Demand Near 2 Year Highs; Refis Bounce Back | ||
| 6/13/2025 11:49 AM | ||
| After a Memorial Day-induced lull, mortgage application activity rebounded sharply last week, according to the Mortgage Bankers Association’s (MBA) latest survey. Both purchase and refinance demand climbed to their highest levels in over a month, with the composite index rising 12.5% on a seasonally adjusted basis. “Coming out of the Memoria...Read More | ||
| Application Demand Ebbs For Both Purchases and Refis | ||
| 6/6/2025 1:22 PM | ||
| The Mortgage Bankers Association’s (MBA) latest survey showed a pullback in mortgage applications, with rates dipping slightly after a three-week climb. The week’s numbers were also affected by the Memorial Day holiday, contributing to larger unadjusted declines. Still, the broader trend remains intact, with purchase demand continuing to outperform...Read More | ||
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