Existing Home Sales Sharply Higher
The annual rate of pre-owned home sales surged last month, reaching the highest level in more than a decade. The Northeast led the gain.
Purchase Projection Pared, Refi Forecast Lifted
Home lending economists have improved their expectations for this year refinances. But the boost came at the expense of expected purchase financing.
Housing Permits, Completed Construction Increase
Multifamily activity drove up the rate of building permits last month, while one-unit properties lifted the rate of completed construction.
Home Builder Confidence Recedes
After ascending to the highest level in nearly a dozen years, home builder confidence settled back this month.
California Decisions in Foreclosure Sales Conflict
It is understandable that a purchaser of a property at a trustee's sale is anxious to immediately begin eviction proceedings in order to take possession of and market the property.
Midwest Leads Surge in Pending Home Sales
Last month, the volume of homes under contract soared to the second-highest level in more than a decade, and the Midwest was out front.
Home Price Gains Weaken, Though NY Strong
National home prices were little changed on a month-over-month basis, though the Empire State fared well. The Northwest had the strongest year-over-year gains.
New Home Inventory Highest Since July 2009
As new home sales picked up last month, the inventory of new houses for sale increased to the highest level in more than seven years.
Northeast Leads Drop in Existing Home Sales
With supply shortages being blamed, the annual rate of existing home sales declined last month. The Northeast was out front of the drop.
Mortgage Bankers Lift 1st Half Origination Forecast
During the past month, the country's mortgage bankers have grown more optimistic about the level of residential loan originations during the first half of this year.