Housing
Housing by Ryan Hinricher | June 27, 2011Interest Rates: Flat For two weeks now, interest rates are flat, according to the most recent survey by Freddie Mac. The 30 year fixed mortgage rate was unchanged at 4.5%. Last year at this time the 30 year fixed mortgage rate averaged 4.69%. The 15 year fixed mortgage rate was up slightly this week to [...]
Housing by Ryan Hinricher | June 20, 2011New Construction – Housing Starts The Census Bureau reported that housing starts were up for the month of May to a seasonally adjusted annual rate of 560,000. This represents a 3.5% increase from April but is still 3.4% below May 2010’s pace of 580,000. New Construction – Building Permits Building permits were also up in [...]
Housing by Ryan Hinricher | June 13, 2011Rates Slide as Economy Weakens Following a poor performance in the labor market, interest rates fell for the week ending June 9th, 2011. The economy added just 54,000 new jobs in May much less than analysts expected and the unemployment rate increased to 9.1%. The economic recovery is running out of steam and factories cut [...]
Housing by Ryan Hinricher | June 6, 2011Home Prices are busted The most closely watched indicator of home prices, S&P’s Case-Shiller Home Price Index, fell below its April 2009 low to solidify the case for an official double-dip. For the month ending March 2011, 19 out of the 20 cities in the index saw price declines. Washington D.C. was the only market [...]
Housing by Ryan Hinricher | May 30, 2011This week we cover the pending home sales release from the National Association of Realtors, new home sales, interest rates, and news on delinquency. Pending Home Sales Hit Skids The National Association of Realtors (NAR) reported pending home sales plunged 11.6% in April. Year-over-year pending home sales are down 25.6% when the second home buyer [...]
Housing by Ryan Hinricher | May 23, 2011The delinquency picture is changing, interest rates continue their short term trend, an update on housing starts and existing home sales; enjoy! Interest Rates Soften Further Following 5 weeks of declines, mortgage rates fell further for the week ending May 19th, 2011. According to Freddie Mac, the 30-year fixed rate eased from 4.63% to 4.61%, [...]
Housing by Ryan Hinricher | May 16, 2011The ever-changing housing market continues this week with an update on interest rates, negative equity from Zillow, and the March Home Price Index from CoreLogic. Interest Rates Continue Short Term Slide Mortgage rates declined for the week ending May 12, 2011. Freddie Mac reported the 30-year fixed mortgage rate dropped to 4.63% from 4.71% a [...]
Housing by Ryan Hinricher | May 9, 2011This week the housing market offered better rates, allowing refinancing to increase again. The Multi Housing Council released its quarterly survey, and Clear Capital declared an official double-dip in home prices. Interest Rates Favorable Again Mortgage rates were more attractive again for the week ending May 5th, 2011. Freddie Mac reported a decrease in the [...]
Housing by Joe Manausa, MBA | May 3, 2011 
The housing market appears to be slowing fairly consistently in both new supply and new sales, according to my latest gathering of data from the MLS in Tallahassee. I know that most readers here are NOT in Tallahassee, but I can tell you that for my 20+ years in the real estate brokerage business, the [...]
Read the full article → Housing by Ryan Hinricher | May 2, 2011A busy week in the housing market included reports on pending home sales, new home sales, home prices and an update on home ownership and vacancy rates. Enjoy! Pending Home Sales Rise The National Association of Realtors reported a rise in pending home sales for the month of March. Pending home sales rose 5.1% to [...]
Housing by Ryan Hinricher | April 25, 2011This was a busy week for housing. Data is in from the NAR on existing home sales, builder confidence, interest rates, housing starts, housing completions, and building permits. Existing Home Sales Rise March gave us a marked improvement in existing home sales. The National Association of Realtors reported that sales of existing homes rose 3.7% [...]
Housing by Ryan Hinricher | April 18, 2011This week we cover increasing interest rates, declining foreclosures, and get an update on mortgage applications. We’ll also look ahead to next week’s busy week of housing data. Rate Creep is Back Thankfully for the housing market, rates have been relatively stable lately, rising only nominally. However this week’s drift up in rates marks the [...]
Housing by Ryan Hinricher | April 11, 2011This week we cover the big drop in vacancy rates, lower home prices (yes, more bad news), interest rates, and mortgage application activity. Apartment Vacancy Rates Fall Vacancy rates fell in the multi-family sector. REIS reported that apartment vacancy dropped from 6.6% to 6.2% in the first quarter of 2011. This is the biggest drop [...]
Housing by Ryan Hinricher | April 4, 2011 
Home prices are the main subject in this week’s coverage of the housing market. Also I provide some commentary from Maria Bartiromo’s keynote at the Standard & Poor’s event here in New York. Housing near Official Double-Dip Standard and Poor’s reported its January Case-Shiller Home Price Index this week. The beginning of the year has [...]
Read the full article → Housing by Ryan Hinricher | March 28, 2011Housing got battered again last week. In this week’s article we discuss Existing Home Sales Report from the Realtors as well New Home Sales from the Census Bureau and our usual coverage of interest rates and mortgage applications. Existing Home Sales Disappoint The National Association of Realtors reported that existing home sales fell to a seasonally [...]
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