Despite the fact that there are now over 30 percent more new homes on the market across the nation than there were at the same time last year and new home inventory in the U.S. is nearing a 14-year high, mortgage loan application volume to purchase one of the... Read More »

Having ticked down an upwardly revised 1.2 percent in February, the seasonally adjusted pace of new single-family home sales in the U.S. dropped 8.6 percent in March to an annualized rate of 763,000 sales. As such, the pace of sales last month was 12.6 percent lower than at the... Read More »

Having dropped 7.2 percent in February, the seasonally adjusted pace of existing-home sales across the U.S. ticked down another 2.7 percent in March to an annual rate of 5.77 million sales and was down 4.5 percent on a year-over-year basis, according to the National Association of Realtors (NAR) and... Read More »

Mortgage loan application volume to purchase a new home in the U.S. ticked up 10 percent from February to March with typical seasonality in play. That being said, application volumes were down 5 percent on a year-over-year basis, reflecting an additional 1.1 point drop in year-over-year activity from February... Read More »

Having dropped a downwardly revised 8.4 percent in January, the seasonally adjusted pace of new single-family home sales in the U.S. ticked down another 2.0 percent in February to an annualized rate of 772,000 sales.  As such, the current pace of sales is 6.2 percent lower than at the... Read More »

Having ticked up 6.7 percent in January, the seasonally adjusted pace of existing-home sales across the U.S. dropped 7.2 percent in February to an annual rate of 6.02 million sales and was down 2.4 percent on a year-over-year basis, according to the National Association of Realtors (NAR) and marking... Read More »

Despite February typically marking the start of the spring home buying season, mortgage application volume to purchase a new home in the U.S. actually ticked down 1 percent in the absolute and was down 3.9 percent on a year-over-year basis, according to the Mortgage Bankers Association.  And yes, that’s... Read More »

The seasonally adjusted pace of new single-family home sales in the U.S. dropped 4.5 percent in January to an annualized rate of 801,000 transactions and was down 19.3 percent on a year-over-year basis, despite a marked increase in inventory, which shouldn’t catch any plugged-in readers by surprise. In fact,... Read More »

Having dropped 4.6 percent in December, the seasonally adjusted pace of existing-home sales across the U.S. increased 6.7 percent in January to an annual rate of 6.50 million sales, according to the National Association of Realtors (NAR), but was down 2.3 percent on a year-over-year basis, marking the sixth... Read More »

While mortgage application volumes to purchase a new home in the U.S. increased 10 percent from December to January with typical seasonality in play, application volumes were down 12.5 percent on a year over year basis, according to the Mortgage Bankers Association and despite the fact that the number... Read More »