In April, home prices in Canada increased at a greater pace than typical for the month. Led by sales in the metropolitan markets of Ottawa-Gatineau and Toronto areas.
The Freddie Mac Primary Mortgage Market Survey for the week ending May 21st, 2020 shows that 30-year fixed-mortgage rate averaged 3.24% percent with an average 0.7 point, down from last week when it averaged 3.28%.
he National Association of Realtors® is reporting that total existing-home sales declined -17.8% from March, to a seasonally-adjusted annual rate of 4.33 million in April.
Katerra Inc. has announced changes to its C-Suite management team, and the securing of $ 200 million in additional funding from SoftBank Group’s Vision Fund.
A deeper dive into the U.S. Census Bureau’s Quarterly Starts and Completion by Purpose and Design report reveals that custom home building posted a small increase during the first quarter of 2020.
According NAHB Housing Market Index, about 22% of builders nationwide cut their home prices, approximately 5%, in April, trying to rejuvenate sluggish sales and avoid cancellations.
With mortgage rates at near record low levels, Fannie Mae is expecting to see refinance (refis) volumes spike this year to a 17-year high.
According to the MBA Weekly Mortgage Application Survey, for the week ending May 15th, 2020, the Market Composite Index decreased -2.6% on a seasonally adjusted basis from one week earlier.
The Carrier Group of Companies has announced pre-dated updates to their previous announced shutdowns at its Tabor and Big River Mills in Canada.
The Oregon Supreme Court has halted a Baker County Circuit Court judge’s ruling nullifying Oregon’s Gov. Kate Brown’s COVID-19 stay at home order.