On Tuesday (6-28-22), S&P CoreLogic Case-Shiller released its U.S. National Home Price NSA Index for April. The Index which covers […]
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FHFA Reports U.S. House Prices Up Month-Over-Month & Year-Over-Year in April 2022
According to the latest Federal Housing Finance Agency (FHFA) House Price Index (HPI®), released today, (6-28-22), nationwide U.S. home prices […]
Canada Posts Record High Construction Job Opening During Q1 of 2022
According to Statistics Canada (StatsCan) Canadian employers in the construction sector were actively trying to fill 81,500 vacant positions in […]
Pending Homes Sales Post First Month-Over-Month Gain in Six-months in May
The National Association of Realtors® (NAR) reported on Monday (6-27-22). their Pending Homes Sales Index (PHSI), which is based on […]
New Residential Home Sales Rebound in May 2022
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced on Friday that new residential single-family home sales for May 2022 were at a seasonally adjusted annual rated (SAAR) of 696,000, according to estimates. This is 10.7% above the revised April rate of 629,000 but is -5.9% below May 2021.
Homebuying Demand Continues to Cool as Mortgage Rates and Home Prices Climb Higher
In its latest report, Redfin, reported that for the week ending June 19, homebuying demand pulled back further as mortgage rates reached their highest level in since 2009. Redfin’s Homebuyers Demand Index—which measures buyers request for home tours, offers, and other requests for agents’ help—posted its largest decline in over 2 years.
Mortgage Payments Rise Modestly Month-Over-Month in May 2022
The Mortgage Bankers Association (MBA) reported on Thursday that, according to its Purchase Applications Payment Index, which measures how new monthly mortgage payments vary across time (relative to income) using data from MBA’s Weekly Applications Survey, homebuyer affordability was mostly unchanged in May.
University of Michigan Final Consumer Sentiment Index Declines for June 2022
The University of Michigan today released its preliminary Consumer Sentiment Index for June. The Index of Consumer Sentiment dropped to a reading of 50.0, down from May’s reading of 58.4. This is a month-over-month decrease of -14.4% and down -41.5% year-over-year (85.5 in June 2021).
Mortgage Rates Continued to Climb in the Week Ending June 23, 2022
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending June 23, 2022. The PMMS reports that the 30-year fixed-rate mortgage averaged 5.81% with an average 0.8 point, up from last week when it averaged 5.78%. A year ago, at this time, the 30-year FRM averaged 3.02%.
Weekly Jobless Claims Modestly Lower in the Week Ending June 18, 2022
The US Department of Labor is reporting that an additional 229,000 Americans (seasonally adjusted) made their initial filing for unemployment benefits during the week ending on Saturday, June 18, 2022. This is a decline of 2,000 from the previous week’s revised level. The 4-week moving average was 223,500.