Gain in Pending Home Sales Restrained by Supply
Pending home sales managed to eke out another gain and would have been even stronger if not for supply constraints.
Changing Demographics for Home Purchasers
A pair of reports released on Tuesday offer some valuable insight for mortgage originators looking to build up their purchase business.
Sales of New Homes Strengthen Led by Northeast
The pace of sales on newly constructed houses turned higher during July, and the Northeast experienced the biggest percentage gain.
Existing U.S. Home Sales Up, But Down in Northeast
Monthly sales of the nation's pre-owned stock of houses climbed to the fastest pace in more than eight years and might have risen further if not for the Northeast.
Profile of Today's First Time Home Buyer
First-time home buyers rent longer, earn more and celebrate more birthdays before they purchase than their counterparts from nearly four decades earlier.
Housing Permits Drop, But Completed Construction Up
Monthly permits for new home building slowed last month, with the Northeast leading the decline. But the region also led an increase in housing completions.
Home Builder Confidence Highest in Nearly a Decade
Optimism in the home building industry has risen to the most favorable level in almost a decade. Heavy shopper traffic drove the improvement.
Mortgage Bankers Lift Q3 Refi Forecast
Mortgage bankers nudged up their annual forecast for loan originations thanks to a third-quarter bump in expected refinancings.
Tight Supply Hurts Pending Home Sales
A tight supply of homes for sale was blamed for pulling down pending home sales from the highest level in more than nine years, though the decline was limited to the Midwest and South.
SoCal Has Lowest Homeownership Rate
When it comes to the share of residents who own their homes, the Southern California area fared worst in the nation.